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REGISTERED NUMBER: 05603325 (England and Wales)















SKIN ETC MEDICAL AESTHETICS LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






SKIN ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 05603325)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

SKIN ETC MEDICAL AESTHETICS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Dr. D.K. Dhunna





SECRETARY: Mrs. J K Dhunna





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 05603325 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

SKIN ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 05603325)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 817 1,587

CURRENT ASSETS
Stocks 80 80
Debtors 5 580 819
Cash at bank 177,879 200,084
178,539 200,983
CREDITORS
Amounts falling due within one year 6 42,823 45,074
NET CURRENT ASSETS 135,716 155,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,533

157,496

PROVISIONS FOR LIABILITIES - 140
NET ASSETS 136,533 157,356

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 135,533 156,356
SHAREHOLDERS' FUNDS 136,533 157,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 05603325)

Balance Sheet - continued
31 October 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 director and authorised for issue on 29 July 2024 and were signed by:





Dr. D.K. Dhunna - Director


SKIN ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 05603325)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Skin Etc Medical Aesthetics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised in line with the work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33.33% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SKIN ETC MEDICAL AESTHETICS LIMITED (REGISTERED NUMBER: 05603325)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 6,003 14,285 20,288
DEPRECIATION
At 1 November 2022 4,863 13,838 18,701
Charge for year 388 382 770
At 31 October 2023 5,251 14,220 19,471
NET BOOK VALUE
At 31 October 2023 752 65 817
At 31 October 2022 1,140 447 1,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Prepayments 580 819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 11,033 20,400
Other creditors 31,790 24,674
42,823 45,074

7. ULTIMATE CONTROLLING PARTY

The controlling party is Quantum Delta Holdings Ltd, a company registered in England.

The ultimate controlling party is Dr. D.K. Dhunna.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Skin Etc Medical Aesthetics Limited


The following reproduces the text of the report prepared for the director 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 Director 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 Etc Medical Aesthetics Limited for the year ended 31 October 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Skin Etc Medical Aesthetics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Skin Etc Medical Aesthetics Limited and state those matters that we have agreed to state to the director of Skin Etc Medical Aesthetics Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Skin Etc Medical Aesthetics Limited and its director for our work or for this report.

It is your duty to ensure that Skin Etc Medical Aesthetics 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 Etc Medical Aesthetics Limited. You consider that Skin Etc Medical Aesthetics 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 Etc Medical Aesthetics 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


29 July 2024