Skin Associates Limited Filleted accounts for Companies House (small and micro)
Skin Associates Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07955184
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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---------- |
---------- |
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Creditors: amounts falling due within one year |
7 |
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---------- |
---------- |
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Net current assets/(liabilities) |
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(
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--------- |
--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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--------- |
------- |
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Net assets |
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--------- |
------- |
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STATEMENT OF FINANCIAL POSITION (continued) |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
------- |
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Shareholders funds |
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--------- |
------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
18 May 2020
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
07955184
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 29 FEBRUARY 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's connected companies and directors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property |
- |
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Property improvements |
- |
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Fixtures & fitting |
- |
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Equipment |
- |
25% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
3
).
5.
Tangible assets
Land and buildings |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 March 2019 |
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96,708 |
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Disposals |
(
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(
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– |
(
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--------- |
--------- |
--------- |
---------- |
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At 29 February 2020 |
– |
– |
96,708 |
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--------- |
--------- |
--------- |
---------- |
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Depreciation |
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At 1 March 2019 |
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68,503 |
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Charge for the year |
– |
– |
7,051 |
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Disposals |
(
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(
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– |
(
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--------- |
--------- |
--------- |
---------- |
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At 29 February 2020 |
– |
– |
75,554 |
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--------- |
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Carrying amount |
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At 29 February 2020 |
– |
– |
21,154 |
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--------- |
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At 28 February 2019 |
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28,205 |
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--------- |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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– |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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--------- |
------- |
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--------- |
------- |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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– |
Other creditors |
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---------- |
---------- |
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---------- |
---------- |
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8.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020 |
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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---- |
---- |
---- |
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2019 |
||||
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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---- |
---- |
---- |
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9.
Related party transactions
The company was under the control of Skin Associates (Holdings) Limited throughout the current year. As at 29th February 2019 the company was owed £20,724 (2019: £724) from Skin Associates (Holdings) Limited.
Mr F Dilazzaro
, Mrs F Dilazzaro are directors of Skin Associates (Holdings) Limited. As at 29th February 2019 the company owed £129,302 (2019: £114,386) to Skin Associates (Medical) Limited. Mr F Dilazzaro
, Mrs F Dilazzaro are directors of Skin Associates (Medical) Limited.