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REGISTERED NUMBER: 03374497 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Skincare Sanctuary Limited

The Skincare Sanctuary Limited (Registered number: 03374497)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


The Skincare Sanctuary Limited

Company Information
for the Year Ended 31 December 2023







Director: A J Bagley





Registered office: 57 Victoria Street
Windsor
Berkshire
SL4 1EH





Registered number: 03374497 (England and Wales)





Accountants: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

The Skincare Sanctuary Limited (Registered number: 03374497)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 29,266 37,624
29,266 37,624

Current assets
Stocks 198,088 291,787
Debtors 6 1,798,296 1,314,105
Cash at bank 174,140 184,774
2,170,524 1,790,666
Creditors
Amounts falling due within one year 7 1,932,331 1,588,842
Net current assets 238,193 201,824
Total assets less current liabilities 267,459 239,448

Provisions for liabilities 7,316 9,406
Net assets 260,143 230,042

Capital and reserves
Called up share capital 21,119 21,119
Share premium 20,133 20,133
Capital redemption reserve 633 633
Retained earnings 218,258 188,157
260,143 230,042

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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





A J Bagley - Director


The Skincare Sanctuary Limited (Registered number: 03374497)

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

1. Statutory information

The Skincare Sanctuary 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been
fully amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates:

Fixtures, fittings & equipment 25% Straight Line
Lease improvements Lease term

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

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Skincare Sanctuary Limited (Registered number: 03374497)

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

2. Accounting policies - continued
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 47 (2022 - 39 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 30,782
Amortisation
At 1 January 2023
and 31 December 2023 30,782
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023 120,842
Additions 5,196
At 31 December 2023 126,038
Depreciation
At 1 January 2023 83,218
Charge for year 13,554
At 31 December 2023 96,772
Net book value
At 31 December 2023 29,266
At 31 December 2022 37,624

The Skincare Sanctuary Limited (Registered number: 03374497)

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

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 476,847 543,296
Amounts owed by group undertakings 812,221 502,142
Other debtors 509,228 268,667
1,798,296 1,314,105

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 1,507,477 673,677
Amounts owed to group undertakings 20,880 560,417
Taxation and social security 168,638 225,783
Other creditors 235,336 128,965
1,932,331 1,588,842

8. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at arms length with companies within the group, including the parent company and other subsidiary companies.

9. Ultimate controlling party

The ultimate controlling party is A J Bagley.

The immediate and ultimate parent company during the year was Lived Holdings Limited, a company incorporated in England.