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 |
2018 |
2017 |
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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 liabilities |
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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 (liabilities)/assets |
(
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------- |
--------- |
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STATEMENT OF FINANCIAL POSITION (continued) |
2018 |
2017 |
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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 (deficit)/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
;
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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
16 August 2018
, 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 28 FEBRUARY 2018
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
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 |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2017:
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 2017 |
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Additions |
– |
– |
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At 28 February 2018 |
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Depreciation |
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At 1 March 2017 |
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Charge for the year |
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---------- |
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At 28 February 2018 |
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Carrying amount |
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At 28 February 2018 |
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At 28 February 2017 |
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6.
Debtors
2018 |
2017 |
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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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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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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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Social security and other taxes |
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Other creditors |
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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:
2018 |
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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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(
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– |
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--------- |
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(
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(
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2017 |
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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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(
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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 28th February 2018 the company was owed £534 (2017: £521) from Skin Associates (Holdings) Limited.
Mr F Dilazzaro
, Mrs F Dilazzaro are directors of Skin Associates (Holdings) Limited. As at 28th February 2018 the company owed £111,130 (2017: £57,827) to Skin Associates (Medical) Limited. Mr F Dilazzaro
, Mrs F Dilazzaro are directors of Skin Associates (Medical) Limited.