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Company Registration No. 08424829 (England and Wales)
McCarthy Skin Clinic Ltd. Unaudited accounts for the year ended 28 February 2023
McCarthy Skin Clinic Ltd. Unaudited accounts Contents
Page
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McCarthy Skin Clinic Ltd. Company Information for the year ended 28 February 2023
Director
Christine McCarthy
Company Number
08424829 (England and Wales)
Registered Office
4 White Horse Yard Stony Stratford Milton Keynes MK11 1FB ENGLAND
Accountants
JK Business Services Ltd Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU
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McCarthy Skin Clinic Ltd. Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,224 
25,230 
Current assets
Inventories
9,068 
8,244 
Debtors
1,114 
1,572 
Cash at bank and in hand
7,947 
7,733 
18,129 
17,549 
Creditors: amounts falling due within one year
(49,261)
(41,423)
Net current liabilities
(31,132)
(23,874)
Total assets less current liabilities
(9,908)
1,356 
Creditors: amounts falling due after more than one year
(19,843)
(21,354)
Net liabilities
(29,751)
(19,998)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(29,752)
(19,999)
Shareholders' funds
(29,751)
(19,998)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Christine McCarthy Director Company Registration No. 08424829
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McCarthy Skin Clinic Ltd. Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
McCarthy Skin Clinic Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08424829. The registered office is 4 White Horse Yard, Stony Stratford, Milton Keynes, MK11 1FB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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McCarthy Skin Clinic Ltd. Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
29,719 
5,297 
35,016 
Additions
- 
1,130 
1,130 
At 28 February 2023
29,719 
6,427 
36,146 
Depreciation
At 1 March 2022
7,613 
2,173 
9,786 
Charge for the year
4,421 
715 
5,136 
At 28 February 2023
12,034 
2,888 
14,922 
Net book value
At 28 February 2023
17,685 
3,539 
21,224 
At 28 February 2022
22,106 
3,124 
25,230 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,114 
1,241 
Other debtors
- 
331 
1,114 
1,572 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,341 
3,341 
VAT
2,220 
479 
Trade creditors
6,088 
12,007 
Taxes and social security
583 
- 
Other creditors
6,300 
- 
Loans from directors
18,938 
23,033 
Deferred income
11,791 
2,563 
49,261 
41,423 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,843 
21,354 
8
Transactions with related parties
During the year, the company operated a loan account with its director. At the balance sheet date, the amount due to the director was £18,938 (PY: £23,033). This loan is interest-free and has no set repayment date. During the year, the company received a loan of £6,300 from a business owned by the director's husband which is shown in 'other creditors' in note 6 above. This loan is interest-free and has no set repayment date.
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McCarthy Skin Clinic Ltd. Notes to the Accounts for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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