IRIS Accounts Production v23.3.1.45 SC744244 Board of Directors 13.9.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC7442442022-09-12SC7442442023-05-31SC7442442022-09-132023-05-31SC7442442022-09-12SC744244ns10:Originalns15:Scotland2022-09-132023-05-31SC744244ns14:PoundSterlingns10:Original2022-09-132023-05-31SC744244ns10:Originalns10:Director12022-09-132023-05-31SC744244ns10:Original2022-09-132023-05-31SC744244ns10:Original2023-05-31SC744244ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-132023-05-31SC744244ns10:Originalns10:SmallEntities2022-09-132023-05-31SC744244ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-132023-05-31SC744244ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-132023-05-31SC744244ns10:Originalns10:FullAccounts2022-09-132023-05-31SC744244ns10:Original12022-09-132023-05-31SC744244ns10:Originalns10:Director32022-09-132023-05-31SC744244ns10:Originalns10:RegisteredOffice2022-09-132023-05-31SC744244ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC744244ns10:Originalns5:Non-currentFinancialInstruments2023-05-31SC744244ns5:ShareCapitalns10:Original2023-05-31SC744244ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC744244ns10:Originalns5:NetGoodwill2022-09-132023-05-31SC744244ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-132023-05-31SC744244ns10:Originalns5:PlantMachinery2022-09-132023-05-31SC744244ns10:Originalns5:NetGoodwill2023-05-31SC744244ns10:Originalns5:PlantMachinery2023-05-31SC744244ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: SC744244 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13 SEPTEMBER 2022 TO 31 MAY 2023

FOR

HAMILTON COSMETIC LIMITED

HAMILTON COSMETIC LIMITED (REGISTERED NUMBER: SC744244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 SEPTEMBER 2022 TO 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAMILTON COSMETIC LIMITED

COMPANY INFORMATION
FOR THE PERIOD 13 SEPTEMBER 2022 TO 31 MAY 2023







DIRECTORS: M J Skimming
Ms L Wilson





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC744244 (Scotland)





ACCOUNTANTS: Cornerstone Glasgow Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

HAMILTON COSMETIC LIMITED (REGISTERED NUMBER: SC744244)

BALANCE SHEET
31 MAY 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 411,294
Tangible assets 5 35,948
447,242

CURRENT ASSETS
Debtors 6 18,885
Cash at bank and in hand 172,378
191,263
CREDITORS
Amounts falling due within one year 7 617,133
NET CURRENT LIABILITIES (425,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,372

CREDITORS
Amounts falling due after more than one
year

8

60,000
NET LIABILITIES (38,628 )

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings (38,638 )
(38,628 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

HAMILTON COSMETIC LIMITED (REGISTERED NUMBER: SC744244)

BALANCE SHEET - continued
31 MAY 2023


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 8 December 2023 and were signed on its behalf by:





M J Skimming - Director


HAMILTON COSMETIC LIMITED (REGISTERED NUMBER: SC744244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 13 SEPTEMBER 2022 TO 31 MAY 2023

1. STATUTORY INFORMATION

Hamilton Cosmetic Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis

Taxation
Taxation for the period 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.

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 period 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.

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 period was 5 .

HAMILTON COSMETIC LIMITED (REGISTERED NUMBER: SC744244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 13 SEPTEMBER 2022 TO 31 MAY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 425,477
At 31 May 2023 425,477
AMORTISATION
Charge for period 14,183
At 31 May 2023 14,183
NET BOOK VALUE
At 31 May 2023 411,294

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 37,188
At 31 May 2023 37,188
DEPRECIATION
Charge for period 1,240
At 31 May 2023 1,240
NET BOOK VALUE
At 31 May 2023 35,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by associates 16,281
Other debtors 2,604
18,885

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 19,686
Amounts owed to associates 1,000
Taxation and social security 205
Other creditors 596,242
617,133

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 60,000