Skin Associates (Medical) Limited Filleted accounts for Companies House (small and micro)
Skin Associates (Medical) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08762919
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Current assets
Debtors |
5 |
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Cash at bank and in hand |
– |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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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:
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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
;
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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:
08762919
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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, United Kingdom.
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
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
1
(2019:
3
).
5.
Debtors
2020 |
2019 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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6.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Corporation tax |
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7.
Related party transactions
The company was under the control of Skin Associates (Holdings) Limited throughout the current period. As at 29th February 2020 the company was owed £129,302 (2019: £114,386) by Skin Associates Limited.
Mr F Dilazzaro
and Mrs F Dilazzaro are shareholders and directors of Skin Associates Limited. As at 29th February 2020 the company owed £19,900 to Skin Associates (Holdings) Limited. Mr F Dilazzaro
and Mrs F Dilazzaro are shareholders and directors of Skin Associates (Holdings) Limited.