Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity2022-01-07false8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13833901 2022-01-06 13833901 2022-01-07 2023-03-31 13833901 2021-01-07 2022-01-06 13833901 2023-03-31 13833901 c:Director2 2022-01-07 2023-03-31 13833901 c:Director5 2022-01-07 2023-03-31 13833901 d:OfficeEquipment 2022-01-07 2023-03-31 13833901 d:OfficeEquipment 2023-03-31 13833901 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-07 2023-03-31 13833901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 13833901 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 13833901 d:ComputerSoftware 2023-03-31 13833901 d:CurrentFinancialInstruments 2023-03-31 13833901 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13833901 d:ShareCapital 2023-03-31 13833901 d:SharePremium 2023-03-31 13833901 d:RetainedEarningsAccumulatedLosses 2023-03-31 13833901 c:OrdinaryShareClass1 2022-01-07 2023-03-31 13833901 c:OrdinaryShareClass1 2023-03-31 13833901 c:FRS102 2022-01-07 2023-03-31 13833901 c:AuditExempt-NoAccountantsReport 2022-01-07 2023-03-31 13833901 c:FullAccounts 2022-01-07 2023-03-31 13833901 c:PrivateLimitedCompanyLtd 2022-01-07 2023-03-31 13833901 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-01-07 2023-03-31 13833901 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-01-07 2023-03-31 13833901 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-01-07 2023-03-31 13833901 d:ExternallyAcquiredIntangibleAssets 2022-01-07 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13833901









INDU COSMETICS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
INDU COSMETICS LTD
REGISTERED NUMBER: 13833901

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2023
£
£

Fixed assets
  

Intangible assets
 4 
352,010

Tangible assets
 5 
3,652

  
355,662

Current assets
  

Debtors: amounts falling due within one year
 6 
106,396

Cash at bank and in hand
 7 
828,169

  
934,565

Creditors: amounts falling due within one year
 8 
(67,574)

Net current assets
  
 
 
866,991

Total assets less current liabilities
  
1,222,653

  

Net assets
  
1,222,653


Capital and reserves
  

Called up share capital 
  
15

Share premium account
  
1,820,525

Profit and loss account
  
(597,887)

  
1,222,653


Page 1

 
INDU COSMETICS LTD
REGISTERED NUMBER: 13833901
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R J Schiessl
................................................
A I Chatterley
Director
Director


Date: 5 October 2023
Date:5 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
INDU COSMETICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Indu Cosmetics Ltd is a private company limited by shares. THe company is incorporated in England and Wales, and the address of its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
INDU COSMETICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
INDU COSMETICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 8.


4.


Intangible assets



Product development
Trademarks
Website
Total

£
£
£
£



Cost


Additions
202,342
127,936
21,732
352,010



At 31 March 2023

202,342
127,936
21,732
352,010






Net book value



At 31 March 2023
202,342
127,936
21,732
352,010



Page 5

 
INDU COSMETICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
4,869



At 31 March 2023

4,869



Depreciation


Charge for the period on owned assets
1,217



At 31 March 2023

1,217



Net book value



At 31 March 2023
3,652


6.


Debtors

2023
£


Other debtors
28,670

Prepayments and accrued income
77,726

106,396



7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
828,169

828,169


Page 6

 
INDU COSMETICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
36,237

Other taxation and social security
18,287

Other creditors
1,467

Accruals and deferred income
11,583

67,574



9.


Share capital

2023
£
Allotted, called up and fully paid


152,833 Ordinary shares of £0.0001- each
15





10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,632.

 
Page 7