Skin Forum Limited 07427891 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is to promote and improve the scientific understanding of topical and transdermal applications through the collaboration between industry and academia for the benefit of consumers. The company is limited by guarantee and is a non-profit making organisation Digita Accounts Production Advanced 6.30.9574.0 true true 07427891 2022-12-01 2023-11-30 07427891 2023-11-30 07427891 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07427891 bus:SmallEntities 2022-12-01 2023-11-30 07427891 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07427891 bus:FilletedAccounts 2022-12-01 2023-11-30 07427891 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07427891 bus:RegisteredOffice 2022-12-01 2023-11-30 07427891 bus:Director3 2022-12-01 2023-11-30 07427891 bus:Director8 2022-12-01 2023-11-30 07427891 bus:CompanyLimitedByGuarantee 2022-12-01 2023-11-30 07427891 bus:Agent1 2022-12-01 2023-11-30 07427891 countries:AllCountries 2022-12-01 2023-11-30 07427891 2021-12-01 2022-11-30 07427891 2022-11-30 07427891 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 07427891

Skin Forum Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Skin Forum Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Skin Forum Limited

Company Information

Directors

ME Lane

B C Da Silva Sil Dos Santos

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Skin Forum Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Skin Forum Limited for the year ended 30 November 2023 as set out on pages 3 to 5 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Skin Forum Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Skin Forum Limited. You consider that Skin Forum 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 accounts of Skin Forum 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 accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

30 August 2024

 

Skin Forum Limited

(Registration number: 07427891)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

29,945

34,515

Creditors: Amounts falling due within one year

4

(29,945)

(34,515)

Net assets/(liabilities)

 

-

-

Reserves

 

Surplus/(deficit)

 

-

-

For the financial year ending 30 November 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 year 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
B C Da Silva Sil Dos Santos
Director

 

Skin Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales , and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

2

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.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Skin Forum Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

29,945

34,515