REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 December 2022 |
for |
Cosmesurge Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 December 2022 |
for |
Cosmesurge Ltd |
Cosmesurge Ltd (Registered number: 04737976) |
Contents of the Financial Statements |
for the Year Ended 30 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Cosmesurge Ltd |
Company Information |
for the Year Ended 30 December 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Cosmesurge Ltd (Registered number: 04737976) |
Balance Sheet |
30 December 2022 |
30.12.22 | 30.12.21 |
Notes | £'000 | £'000 | £'000 | £'000 |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Cosmesurge Ltd (Registered number: 04737976) |
Balance Sheet - continued |
30 December 2022 |
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 |
Cosmesurge Ltd (Registered number: 04737976) |
Notes to the Financial Statements |
for the Year Ended 30 December 2022 |
1. | STATUTORY INFORMATION |
Cosmesurge Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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. |
Going concern |
The Company incurred a loss of £141319.84 during the year ended 31 Dec 20201. |
However ,the directors are of the opinion that the entity will be able to generate revenues and become financially stable,till that time related parties will continue to support the company. |
Accordingly ,the unaudited financial statements are prepared on a going concern basis. |
Depreciation |
Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows : |
Assets Class Depreciation method and rate |
Long leasehold land and buildings Long leasehold land and buildings are not |
depreciated.Leasehold improvements are |
depreciated over 12 years on straight line basis. |
Other Fixtures & fittings,plant & equipment 25% written down value |
and computer equipment |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits ,and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Cosmesurge Ltd (Registered number: 04737976) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£'000 | £'000 | £'000 |
COST |
At 31 December 2021 |
and 30 December 2022 |
DEPRECIATION |
At 31 December 2021 |
Charge for year |
At 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£'000 | £'000 |
Trade debtors |
Prepayment of Rent | (7 | ) | (38 | ) |
Prepayment of Supplier | 5 | 5 |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£'000 | £'000 |
Bank loans and overdrafts |
Trade creditors |
Wages | 2 | 2 |
Social security and other taxes |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.12.22 | 30.12.21 |
£'000 | £'000 |
Due to related party |
Cosmesurge Ltd (Registered number: 04737976) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2022 |
8. | RESERVES |
Retained |
earnings |
£'000 |
At 31 December 2021 | ( |
) |
Deficit for the year | ( |
) |
At 30 December 2022 | ( |
) |
9. | SHARE CAPITAL |
Ordinary shares are classified as equity .Equity instruments are measured at the fair value of the cash or other resources received or receivable ,net of the direct costs of issuing the equity instruments . |