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Company Registration No. 11020779 (England and Wales)
SKIN IN MOTION LTD Unaudited accounts for the year ended 31 October 2023
SKIN IN MOTION LTD Unaudited accounts Contents
Page
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SKIN IN MOTION LTD Company Information for the year ended 31 October 2023
Directors
HARRINGTON, Amanda Louise LAHLOU, Sophia MILLS, Georgina Anne Elizabeth
Company Number
11020779 (England and Wales)
Registered Office
85 Great Portland Street 1st Floor London W1W 7LT England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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SKIN IN MOTION LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
20,613 
20,421 
Debtors
9,931 
626 
Cash at bank and in hand
23,702 
3,718 
54,246 
24,765 
Creditors: amounts falling due within one year
(206,706)
(167,019)
Net current liabilities
(152,460)
(142,254)
Total assets less current liabilities
(152,460)
(142,254)
Creditors: amounts falling due after more than one year
(21,242)
(25,833)
Net liabilities
(173,702)
(168,087)
Capital and reserves
Called up share capital
468 
461 
Share premium
230,926 
205,107 
Profit and loss account
(405,096)
(373,655)
Shareholders' funds
(173,702)
(168,087)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by
LAHLOU, Sophia Director Company Registration No. 11020779
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SKIN IN MOTION LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SKIN IN MOTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11020779. The registered office is 85 Great Portland Street, 1st Floor, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
There was a net deficiency of assets of £173,702 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
4
Inventories
2023 
2022 
£ 
£ 
Finished goods
20,613 
20,421 
20,613 
20,421 
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Assessment has been made at the end of the reporting period as to whether any inventories are impaired. No impairment has been identified.
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SKIN IN MOTION LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,757 
- 
Other debtors
1,174 
626 
9,931 
626 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
25,000 
VAT
4,703 
1,262 
Trade creditors
20,943 
9,028 
Taxes and social security
346 
543 
Other creditors
46,642 
37,650 
Loans from directors
132,923 
93,536 
Deferred income
1,149 
- 
206,706 
167,019 
£10,000 relates to the Bounce Back Loan (interest charged at 2.5%) and £15,000 relates to a revolving credit facility account (weekly interest of £79 is paid). £20,000 relates to an interest free loan by a shareholder repayable on demand.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,242 
25,833 
£21,242 relates to the Bounce Back Loan. Interest is charged at 2.5%.
8
Transactions with related parties
A £20,000 is an interest free loan by a related party shareholder repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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