Registered number
13042304
Viva Aesthetics Limited
Filleted Accounts
31 March 2023
Viva Aesthetics Limited
Registered number: 13042304
Balance Sheet
as at 31 March 2023
Notes 2023 2021
£ £
Fixed assets
Intangible assets 3 21,710 -
Tangible assets 4 316,148 203,778
337,858 203,778
Current assets
Debtors 5 116,876 49,298
Cash at bank and in hand 107,981 152,253
224,857 201,551
Creditors: amounts falling due within one year 6 (295,356) (251,083)
Net current liabilities (70,499) (49,532)
Total assets less current liabilities 267,359 154,246
Creditors: amounts falling due after more than one year 7 (87,172) (45,680)
Provisions for liabilities (41,927) (38,718)
Net assets 138,260 69,848
Capital and reserves
Called up share capital 1 1
Profit and loss account 138,259 69,847
Shareholders' funds 138,260 69,848
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr R Critchley
Director
Approved by the board on 14 November 2023
Viva Aesthetics Limited
Notes to the Accounts
for the period from 1 December 2021 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 10 years straight line
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2021
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Web site development
Cost
Additions 28,947
At 31 March 2023 28,947
Amortisation
Provided during the period 7,237
At 31 March 2023 7,237
Net book value
At 31 March 2023 21,710
The web site development costs are being written off in equal annual instalments over their estimated economic life of 4 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2021 151,914 68,100 501 220,515
Additions 61,896 133,402 - 195,298
Disposals - - (501) (501)
At 31 March 2023 213,810 201,502 - 415,312
Depreciation
At 1 December 2021 7,724 8,946 67 16,737
Charge for the period 26,444 56,050 - 82,494
On disposals - - (67) (67)
At 31 March 2023 34,168 64,996 - 99,164
Net book value
At 31 March 2023 179,642 136,506 - 316,148
At 30 November 2021 144,190 59,154 434 203,778
5 Debtors 2023 2021
£ £
Trade debtors - 19,104
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1 3,282
Other debtors 116,875 26,912
116,876 49,298
6 Creditors: amounts falling due within one year 2023 2021
£ £
Bank loans and overdrafts 36,282 8,922
Obligations under finance lease and hire purchase contracts 14,792 -
Trade creditors 41,775 52,782
Amounts owed to group undertakings and undertakings in which the company has a participating interest 162,431 107,578
Taxation and social security costs 31,465 23,084
Other creditors 8,611 58,717
295,356 251,083
7 Creditors: amounts falling due after one year 2023 2021
£ £
Bank loans 25,564 45,680
Obligations under finance lease and hire purchase contracts 61,608 -
87,172 45,680
8 Loans 2023 2021
£ £
Creditors include:
Secured bank loans 76,400 -
This represents hire purchase and finance agreements which are secure upon the associated assets.
9 Controlling party
The company is a wholly owned subsidiary of Viva Healthcare Holdings Limited which is entirley owned by Dr R Critchley. The company is registered in England and the Registered Office address the same as Viva Aesthetics Limited
10 Other information
Viva Aesthetics Limited is a private company limited by shares and incorporated in England. Its registered office is:
559A Kings Road
London
SW6 2EB
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