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REGISTERED NUMBER: 05988132 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Lincoln Laser Skincare Ltd

Lincoln Laser Skincare Ltd (Registered number: 05988132)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Lincoln Laser Skincare Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J A S Kessler





SECRETARY: Mr J A S Kessler





REGISTERED OFFICE: 3 Beaumont Fee
Lincoln
LN1 1UH





REGISTERED NUMBER: 05988132 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lincoln Laser Skincare Ltd

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 Lincoln Laser Skincare Ltd for the year ended 31 March 2024 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 Lincoln Laser Skincare Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lincoln Laser Skincare Ltd and state those matters that we have agreed to state to the director of Lincoln Laser Skincare Ltd 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 Lincoln Laser Skincare Ltd and its director for our work or for this report.

It is your duty to ensure that Lincoln Laser Skincare Ltd 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 Lincoln Laser Skincare Ltd. You consider that Lincoln Laser Skincare Ltd 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 Lincoln Laser Skincare Ltd. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


17 July 2024

Lincoln Laser Skincare Ltd (Registered number: 05988132)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,029 304,432

CURRENT ASSETS
Stocks 3,056 3,789
Debtors 5 3,998 3,678
Cash at bank and in hand 100,573 64,482
107,627 71,949
CREDITORS
Amounts falling due within one year 6 96,733 78,289
NET CURRENT ASSETS/(LIABILITIES) 10,894 (6,340 )
TOTAL ASSETS LESS CURRENT LIABILITIES 313,923 298,092

PROVISIONS FOR LIABILITIES 757 842
NET ASSETS 313,166 297,250

CAPITAL AND RESERVES
Called up share capital 7 120 120
Revaluation reserve 167,198 161,798
Retained earnings 145,848 135,332
SHAREHOLDERS' FUNDS 313,166 297,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 17 July 2024 and were signed by:





Mr J A S Kessler - Director


Lincoln Laser Skincare Ltd (Registered number: 05988132)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Lincoln Laser Skincare Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold buildings- 2% on cost
Equipment- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

Lincoln Laser Skincare Ltd (Registered number: 05988132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and Computer
buildings Equipment fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 300,000 50,051 4,694 9,594 364,339
Additions - - - 166 166
Disposals - (267 ) (375 ) - (642 )
At 31 March 2024 300,000 49,784 4,319 9,760 363,863
DEPRECIATION
At 1 April 2023 - 47,168 4,184 8,555 59,907
Charge for year 5,400 721 128 632 6,881
Eliminated on disposal - (224 ) (330 ) - (554 )
Revaluation adjustments (5,400 ) - - - (5,400 )
At 31 March 2024 - 47,665 3,982 9,187 60,834
NET BOOK VALUE
At 31 March 2024 300,000 2,119 337 573 303,029
At 31 March 2023 300,000 2,883 510 1,039 304,432

Included in cost or valuation of land and buildings is freehold land of £ 30,000 (2023 - £ 30,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2016 35,743 - 35,743
Valuation in 2022 110,000 - 110,000
Cost 154,257 63,863 218,120
300,000 63,863 363,863

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,998 3,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,889 5,927
Taxation and social security 33,498 22,507
Other creditors 60,346 49,855
96,733 78,289

Lincoln Laser Skincare Ltd (Registered number: 05988132)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
20 Ordinary A £1 20 20
120 120