Abbreviated Company Accounts - SKINMED LTD

04275846 SKINMED LTD 2016-03-31 false 2015-04-01 2016-03-31 true 04275846 2015-04-01 2016-03-31 04275846 2016-03-31 04275846 2015-03-31 04275846 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04275846 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04275846

SKINMED LTD

Abbreviated Accounts

31 March 2016

SKINMED LTD Registered Number 04275846

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,344	4,762
		5,344	4,762
Current assets
Stocks		23,395	56,772
Debtors		159,357	156,644
Cash at bank and in hand		73,217	55,301
		255,969	268,717
Creditors: amounts falling due within one year		(49,376)	(116,843)
Net current assets (liabilities)		206,593	151,874
Total assets less current liabilities		211,937	156,636
Total net assets (liabilities)		211,937	156,636
Capital and reserves
Called up share capital	3	156,000	156,000
Share premium account		39,600	39,600
Profit and loss account		16,337	(38,964)
Shareholders' funds		211,937	156,636

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
Mr P D Roberts, Director

SKINMED LTD Registered Number 04275846

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, value added tax and other sales related taxes.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Fixtures, fittings and equipment - 25% reducing balance
Computer equipment - 3 years straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	46,610
Additions	3,957
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	50,567
Depreciation
At 1 April 2015	41,848
Charge for the year	3,375
On disposals	-
At 31 March 2016	45,223
Net book values
At 31 March 2016	5,344
At 31 March 2015	4,762

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
156,000 Ordinary shares of £1 each	156,000	156,000

4Transactions with directors

Name of director receiving advance or credit:	P D Roberts
Description of the transaction:	Advances to Director
Balance at 1 April 2015:	£ 76,136
Advances or credits made:	£ 50,015
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 126,151