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Registration number: 14152397

Daisyface Skincare Ltd

Unaudited Filleted Financial Statements

for the Period from 6 June 2022 to 30 June 2023

image-name
 

Daisyface Skincare Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Daisyface Skincare Ltd

Company Information

Directors

Miss Daisy Schaffer

Mr Stephen Schaffer

Mr Mark Hackner

Registered office

Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

Accountants

Integer
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

 

Daisyface Skincare Ltd

(Registration number: 14152397)
Balance Sheet as at 30 June 2023

Note

2023
£

Fixed assets

 

Intangible assets

3

59,366

Current assets

 

Debtors

4

1,487

Cash at bank and in hand

 

1,230

 

2,717

Creditors: Amounts falling due within one year

5

(78,842)

Net current liabilities

 

(76,125)

Net liabilities

 

(16,759)

Capital and reserves

 

Called up share capital

6

100

Retained earnings

(16,859)

Shareholders' deficit

 

(16,759)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
Miss Daisy Schaffer
Director

 

Daisyface Skincare Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2022 to 30 June 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

Straight line, 10 years

Development costs

Straight line, 5 years

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Daisyface Skincare Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2022 to 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1.

 

Daisyface Skincare Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2022 to 30 June 2023

3

Intangible assets

Trademarks, patents and licenses
 £

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

7,871

59,524

67,395

At 30 June 2023

7,871

59,524

67,395

Amortisation

Amortisation charge

376

7,653

8,029

At 30 June 2023

376

7,653

8,029

Carrying amount

At 30 June 2023

7,495

51,871

59,366

4

Debtors

Current

2023
£

Other debtors

1,487

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

12,615

Accruals and deferred income

1,000

Other creditors

65,227

78,842

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     
 

Daisyface Skincare Ltd

Notes to the Unaudited Financial Statements for the Period from 6 June 2022 to 30 June 2023

7

Related party transactions

Transactions with directors

2023

At 6 June 2022
£

Repayments by director
£

At 30 June 2023
£

Miss Daisy Schaffer

Directors loan

-

65,228

65,228