My Sk-in Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08555920 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2021

for

MY SK-IN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Jaggard

Mr S Mclaven

REGISTERED OFFICE:

Unit 1

The Old Barn

Wicklesham Lodge Farm

Faringdon

Oxfordshire

SN7 7PN

REGISTERED NUMBER:

08555920 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

-

1

CURRENT ASSETS

Stocks

5

1,500

1,500

Debtors

6

18

20

Cash at bank

6

73

1,524

1,593

CREDITORS

Amounts falling due within one year

7

30,991

30,986

NET CURRENT LIABILITIES

(29,467

)

(29,393

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,467

)

(29,392

)

CAPITAL AND RESERVES

Called up share capital

8

20

20

Retained earnings

(29,487

)

(29,412

)

SHAREHOLDERS' FUNDS

(29,467

)

(29,392

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2021 and were signed on its behalf by:

Mr M Jaggard - Director

1.	STATUTORY INFORMATION

My Sk-in Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2020

and 31st March 2021

7,579

DEPRECIATION

At 1st April 2020

7,578

Charge for year

1

At 31st March 2021

7,579

NET BOOK VALUE

At 31st March 2021

-

At 31st March 2020

1

5.

STOCKS

2021

2020

£

£

Stocks

1,500

1,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Directors' current accounts

13

13

VAT

5

7

18

20

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

536

536

Amounts owed to group undertakings

28,730

28,725

Accrued expenses

1,725

1,725

30,991

30,986

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2,000

Ordinary

0.01

20

20

9.	RELATED PARTY DISCLOSURES

The Ark (CM) Limited, a company registered in England and Wales, is the company's ultimate parent company due to it's 100% shareholding.

There is no ultimate controlling party.