Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302No description of principal activityfalse22022-05-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07242752 2022-05-01 2023-04-30 07242752 2021-05-01 2022-04-30 07242752 2023-04-30 07242752 2022-04-30 07242752 c:Director1 2022-05-01 2023-04-30 07242752 c:Director2 2022-05-01 2023-04-30 07242752 c:RegisteredOffice 2022-05-01 2023-04-30 07242752 d:CurrentFinancialInstruments 2023-04-30 07242752 d:CurrentFinancialInstruments 2022-04-30 07242752 d:Non-currentFinancialInstruments 2023-04-30 07242752 d:Non-currentFinancialInstruments 2022-04-30 07242752 c:Micro-entities 2022-05-01 2023-04-30 07242752 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 07242752 c:FullAccounts 2022-05-01 2023-04-30 07242752 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure
Registered number: 07242752


 
 
 
 
 
 
 
 
 
 
 
 
 
 
SKINETIX LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
SKINETIX LIMITED
 

COMPANY INFORMATION


Directors
S J Bashir 
A L Chew 




Registered number
07242752



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
SKINETIX LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 3


 
SKINETIX LIMITED
REGISTERED NUMBER: 07242752

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
£
£

  

Fixed assets
  
36,471
47,401

Current assets
  
1,196,179
1,216,750

Creditors: amounts falling due within one year
  
(185,891)
(199,587)

NET CURRENT ASSETS
  
 
 
1,010,288
 
 
1,017,163

Creditors: amounts falling due after more than one year
  
(37,119)
(62,658)

  

NET ASSETS
  
1,009,640
1,001,906


  

CAPITAL AND RESERVES
  
1,009,640
1,001,906



The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime in Part 15 of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the micro-entities regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the Profit and Loss Account in accordance with the provisions applicable to
companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
31 January 2024.




S J Bashir
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
SKINETIX LIMITED
 

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

1.


General information

Skinetix Limited (company number: 07242752), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

These accounts are prepared in accordance with Financial Reporting Standard 105 and therefore the company is not required to produce a Statement of Cash Flow.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
SKINETIX LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.5

Taxation

Tax is recognised in the Profit and Loss Account. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the by the Balance Sheet date in the United Kingdom where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


Page 3