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REGISTERED NUMBER: 07262256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

SKINVIVA LTD

SKINVIVA LTD (REGISTERED NUMBER: 07262256)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKINVIVA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: L J Cottrill
Mrs G M Kirk
Dr T P J Pearce
Mrs M C Pearce





REGISTERED OFFICE: St Johns Court
19b Quay Street
Manchester
M3 3HN





REGISTERED NUMBER: 07262256 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

SKINVIVA LTD (REGISTERED NUMBER: 07262256)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 569,725 616,883

CURRENT ASSETS
Stocks 41,443 58,124
Debtors 5 217,098 180,470
Investments 6 - 45,034
Cash at bank and in hand 689,966 824,843
948,507 1,108,471
CREDITORS
Amounts falling due within one year 7 (698,589 ) (1,140,406 )
NET CURRENT ASSETS/(LIABILITIES) 249,918 (31,935 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,643

584,948

CREDITORS
Amounts falling due after more than
one year

8

(101,044

)

(124,005

)

PROVISIONS FOR LIABILITIES (28,170 ) (35,307 )
NET ASSETS 690,429 425,636

SKINVIVA LTD (REGISTERED NUMBER: 07262256)

BALANCE SHEET - continued
30 JUNE 2023

2023 2022
Notes £ £
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 690,329 425,536
SHAREHOLDERS' FUNDS 690,429 425,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 1 February 2024 and were signed on its behalf by:





Mrs G M Kirk - Director


SKINVIVA LTD (REGISTERED NUMBER: 07262256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

SkinViva Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on cost

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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


SKINVIVA LTD (REGISTERED NUMBER: 07262256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
DEFERRED 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2022 548,999 189,929 738,928
Additions - 3,060 3,060
At 30 June 2023 548,999 192,989 741,988
DEPRECIATION
At 1 July 2022 48,937 73,108 122,045
Charge for year 10,980 39,238 50,218
At 30 June 2023 59,917 112,346 172,263
NET BOOK VALUE
At 30 June 2023 489,082 80,643 569,725
At 30 June 2022 500,062 116,821 616,883

SKINVIVA LTD (REGISTERED NUMBER: 07262256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 165,026 91,094
Other debtors 52,072 89,376
217,098 180,470

6. CURRENT ASSET INVESTMENTS
2023 2022
£ £
Other - 45,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 24,621 24,621
Payments on account 328,447 301,176
Trade creditors 109,821 612,021
Taxation and social security 123,068 86,503
Other creditors 112,632 116,085
698,589 1,140,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 101,044 124,005

The bank loan is secured by way of a debenture over the company's assets and a first charge over Unit 3, 5 Burton Place and Unit 4, 7 Burton Place, Manchester.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 56,225 56,225
Between one and five years 281,125 281,125
In more than five years 56,225 112,450
393,575 449,800

SKINVIVA LTD (REGISTERED NUMBER: 07262256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:


2023 2022
£ £

Dr Tim Pearce Ltd 0 0

Dr Tim Ltd 0 5,755

During the year the company bought services from Dr Tim Pearce Ltd for £nil (2022 - £nil), a company in which Dr T Pearce is a director. At the end of the year, the company owed Dr Tim Pearce Ltd £nil (2022 - £nil).
During the year the company sold goods and services to Dr Tim Ltd which netted off to £nil (2022 - £5,755), a company in which Dr T Pearce is a director. At the end of the year, Dr Tim Ltd owed the company £nil (2022 - £nil).