Skin Techniques Limited - Period Ending 2016-06-30

Registration number: 06093051

Skin Techniques Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Skin Techniques Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Skin Techniques Limited (Registration number: 06093051)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,733			2,673
Current assets
Debtors					12,844			13,628
Cash at bank and in hand					1,461			2,489
					14,305			16,117
Creditors: Amounts falling due within one year					(21,238)			(13,784)
Net current (liabilities)/assets					(6,933)			2,333
Net (liabilities)/assets					(4,200)			5,006
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					(4,204)			5,002
Shareholders' (deficit)/funds					(4,200)			5,006

For the year ending 30 June 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 director acknowledges his 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 director on 24 March 2017

.........................................
Mr J F McGrath
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Skin Techniques Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The accounts are prepared on the going concern basis but for the reasons set out in the directors
report this may not be appropriate.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property improvements	20% straight line basis
Fixtures and fittings	25% reducing balance basis
Plant and machinery	25% reducing balance basis
Office equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Skin Techniques Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		20,398			20,398
Additions		973			973
At 30 June 2016		21,371			21,371
Depreciation
At 1 July 2015		17,725			17,725
Charge for the year		913			913
At 30 June 2016		18,638			18,638
Net book value
At 30 June 2016		2,733			2,733
At 30 June 2015		2,673			2,673

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A Ordinary Shares of £1 each		2			2			2			2
B Ordinary Shares of £1 each		2			2			2			2
		4			4			4			4

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