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REGISTERED NUMBER: 02088080 (England and Wales)


















Vivalis Beauty Limited

Unaudited Financial Statements for the Year Ended 31st March 2023






Vivalis Beauty Limited (Registered number: 02088080)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vivalis Beauty Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: G Lynch-Staunton
S A Lynch-Staunton
G M Percy





SECRETARY: L R Hill





REGISTERED OFFICE: Newbury House
Aintree Avenue
White Horse Business Park
Trowbridge
Wiltshire
BA14 0XB





REGISTERED NUMBER: 02088080 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

Vivalis Beauty Limited (Registered number: 02088080)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 648 -

CURRENT ASSETS
Debtors 5 1,213,556 855,002
Cash at bank and in hand 172,893 224,443
1,386,449 1,079,445
CREDITORS
Amounts falling due within one year 6 460,119 310,771
NET CURRENT ASSETS 926,330 768,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,978

768,674

CREDITORS
Amounts falling due after more than one
year

7

802,809

634,663
NET ASSETS 124,169 134,011

CAPITAL AND RESERVES
Called up share capital 650,100 650,100
Retained earnings (525,931 ) (516,089 )
SHAREHOLDERS' FUNDS 124,169 134,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Vivalis Beauty Limited (Registered number: 02088080)

Balance Sheet - continued
31st March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th November 2023 and were signed on its behalf by:





G Lynch-Staunton - Director


Vivalis Beauty Limited (Registered number: 02088080)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Vivalis Beauty 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.

Turnover & other income
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods:
Turnover from the sale of beauty products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements to property- 10% to 20%
Plant and machinery- 10%
Fixtures and fittings- 10%
Computer equipment- 20% to 33.33%

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Vivalis Beauty Limited (Registered number: 02088080)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expended as they become payable.

Impairments
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st April 2022 438,436 6,317 106,281 551,034
Additions - - 1,080 1,080
At 31st March 2023 438,436 6,317 107,361 552,114
DEPRECIATION
At 1st April 2022 438,436 6,317 106,281 551,034
Charge for year - - 432 432
At 31st March 2023 438,436 6,317 106,713 551,466
NET BOOK VALUE
At 31st March 2023 - - 648 648
At 31st March 2022 - - - -

Vivalis Beauty Limited (Registered number: 02088080)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 939,721 621,236
Other debtors 74,435 34,366
1,014,156 655,602

Amounts falling due after more than one year:
Other debtors 199,400 199,400

Aggregate amounts 1,213,556 855,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,598 5,460
Trade creditors 190,103 172,446
Taxation and social security 8,098 8,134
Other creditors 256,320 124,731
460,119 310,771

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 37,787 43,385
Amounts owed to group undertakings 765,022 591,278
802,809 634,663

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,944 20,130