IRIS Accounts Production v23.1.5.20 SC669495 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6694952022-12-31SC6694952023-12-31SC6694952023-01-012023-12-31SC6694952021-12-31SC6694952022-01-012022-12-31SC6694952022-12-31SC669495ns15:Scotland2023-01-012023-12-31SC669495ns14:PoundSterling2023-01-012023-12-31SC669495ns10:Director12023-01-012023-12-31SC669495ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC669495ns10:SmallEntities2023-01-012023-12-31SC669495ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC669495ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC669495ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC669495ns10:FullAccounts2023-01-012023-12-31SC66949512023-01-012023-12-31SC669495ns10:Director22023-01-012023-12-31SC669495ns10:RegisteredOffice2023-01-012023-12-31SC669495ns5:CurrentFinancialInstruments2023-12-31SC669495ns5:CurrentFinancialInstruments2022-12-31SC669495ns5:ShareCapital2023-12-31SC669495ns5:ShareCapital2022-12-31SC669495ns5:RetainedEarningsAccumulatedLosses2023-12-31SC669495ns5:RetainedEarningsAccumulatedLosses2022-12-31SC669495ns5:NetGoodwill2023-01-012023-12-31SC669495ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31SC669495ns5:LeaseholdImprovements2023-01-012023-12-31SC669495ns5:PlantMachinery2023-01-012023-12-31SC669495ns5:ComputerEquipment2023-01-012023-12-31SC669495ns5:NetGoodwill2022-12-31SC669495ns5:NetGoodwill2023-12-31SC669495ns5:NetGoodwill2022-12-31SC669495ns5:LeaseholdImprovements2022-12-31SC669495ns5:PlantMachinery2022-12-31SC669495ns5:ComputerEquipment2022-12-31SC669495ns5:LeaseholdImprovements2023-12-31SC669495ns5:PlantMachinery2023-12-31SC669495ns5:ComputerEquipment2023-12-31SC669495ns5:LeaseholdImprovements2022-12-31SC669495ns5:PlantMachinery2022-12-31SC669495ns5:ComputerEquipment2022-12-31SC669495ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC669495ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC669495ns5:DeferredTaxation2022-12-31SC669495ns5:DeferredTaxation2023-01-012023-12-31SC669495ns5:DeferredTaxation2023-12-31SC669495ns5:RetainedEarningsAccumulatedLosses2022-12-31SC669495ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: SC669495 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Skin Clinic (Edinburgh) Limited

Skin Clinic (Edinburgh) Limited (Registered number: SC669495)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Skin Clinic (Edinburgh) Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: H T F Dobbie
Mrs V A Dobbie





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC669495 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,300 7,200
Tangible assets 5 183,515 27,856
189,815 35,056

CURRENT ASSETS
Stocks 9,065 7,840
Debtors 6 42,992 28,880
Cash at bank and in hand 235,000 471,125
287,057 507,845
CREDITORS
Amounts falling due within one year 7 387,981 433,771
NET CURRENT (LIABILITIES)/ASSETS (100,924 ) 74,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,891

109,130

PROVISIONS FOR LIABILITIES 8 3,736 2,487
NET ASSETS 85,155 106,643

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 85,055 106,543
85,155 106,643

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

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

Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Balance Sheet - continued
31 December 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 7 February 2024 and were signed on its behalf by:





H T F Dobbie - Director


Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Skin Clinic (Edinburgh) 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 2021, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost and 20% on reducing balance

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

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.


Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 13 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 9,000
AMORTISATION
At 1 January 2023 1,800
Charge for year 900
At 31 December 2023 2,700
NET BOOK VALUE
At 31 December 2023 6,300
At 31 December 2022 7,200

Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 11,071 9,550 23,735 44,356
Additions 158,320 13,272 4,107 175,699
At 31 December 2023 169,391 22,822 27,842 220,055
DEPRECIATION
At 1 January 2023 554 3,370 12,576 16,500
Charge for year 8,469 4,564 7,007 20,040
At 31 December 2023 9,023 7,934 19,583 36,540
NET BOOK VALUE
At 31 December 2023 160,368 14,888 8,259 183,515
At 31 December 2022 10,517 6,180 11,159 27,856

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,811 8,308
Other debtors 27,181 20,572
42,992 28,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,953 11,287
Taxation and social security 54,866 118,759
Other creditors 321,162 303,725
387,981 433,771

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 3,736 2,487

Deferred
tax
£   
Balance at 1 January 2023 2,487
Provided during year 1,249
Balance at 31 December 2023 3,736

Skin Clinic (Edinburgh) Limited (Registered number: SC669495)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 106,543
Profit for the year 158,512
Dividends (180,000 )
At 31 December 2023 85,055

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Skin Clinic (Edinburgh) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Skin Clinic (Edinburgh) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Skin Clinic (Edinburgh) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Skin Clinic (Edinburgh) Limited and state those matters that we have agreed to state to the Board of Directors of Skin Clinic (Edinburgh) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Skin Clinic (Edinburgh) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Skin Clinic (Edinburgh) Limited. You consider that Skin Clinic (Edinburgh) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Skin Clinic (Edinburgh) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


7 February 2024