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
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
McCarthy Skin Clinic Ltd.
Statement of financial position
as at 28 February 2023
Tangible assets
21,224
25,230
Cash at bank and in hand
7,947
7,733
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)
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
McCarthy Skin Clinic Ltd.
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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 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.
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
At 28 February 2023
29,719
6,427
36,146
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
At 28 February 2023
17,685
3,539
21,224
At 28 February 2022
22,106
3,124
25,230
Amounts falling due within one year
Accrued income and prepayments
1,114
1,241
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,341
3,341
Trade creditors
6,088
12,007
Taxes and social security
583
-
Loans from directors
18,938
23,033
Deferred income
11,791
2,563
7
Creditors: amounts falling due after more than one year
2023
2022
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.
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).