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Company Registration No. 07449339 (England and Wales)
Perfection Skin & Beauty Clinic Limited Unaudited accounts for the year ended 30 November 2023
Perfection Skin & Beauty Clinic Limited Unaudited accounts Contents
Page
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Perfection Skin & Beauty Clinic Limited Company Information for the year ended 30 November 2023
Directors
Michelle V L Stead Simon R Stead
Company Number
07449339 (England and Wales)
Registered Office
Cowgate Farm Park Foxley Malmesbury SN16 0JH
Accountants
JK Business Services Ltd Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU
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Perfection Skin & Beauty Clinic Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,000 
13,000 
Tangible assets
27,194 
42,150 
40,194 
55,150 
Current assets
Inventories
8,621 
18,040 
Debtors
1,777 
- 
Cash at bank and in hand
4,190 
15,061 
14,588 
33,101 
Creditors: amounts falling due within one year
(43,296)
(61,995)
Net current liabilities
(28,708)
(28,894)
Total assets less current liabilities
11,486 
26,256 
Creditors: amounts falling due after more than one year
(7,957)
(10,714)
Provisions for liabilities
Deferred tax
(4,733)
(7,479)
Net (liabilities)/assets
(1,204)
8,063 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(1,404)
7,863 
Shareholders' funds
(1,204)
8,063 
For the 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. 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 28 August 2024 and were signed on its behalf by
Michelle V L Stead Director Company Registration No. 07449339
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Perfection Skin & Beauty Clinic Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Perfection Skin & Beauty Clinic Limited is a private company, limited by shares, registered in England and Wales, registration number 07449339. The registered office is Cowgate Farm Park, Foxley, Malmesbury, SN16 0JH.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% Straight Line (Leasehold)
Plant & machinery
15% Straight LIne
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure, including local authority grants, are credited when the expenditure is charged to profit and loss.
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.
Intangible fixed assets
Intangible fixed assets, consisting of goodwill, are included at their initial cost. No amortisation has been provided as the directors believe the current value is no less than the initial cost .
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Perfection Skin & Beauty Clinic Limited Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
13,000 
At 30 November 2023
13,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
13,000 
At 30 November 2022
13,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
25,476 
106,364 
12,562 
7,333 
151,735 
At 30 November 2023
25,476 
106,364 
12,562 
7,333 
151,735 
Depreciation
At 1 December 2022
25,476 
70,221 
8,587 
5,301 
109,585 
Charge for the year
- 
12,887 
994 
1,075 
14,956 
At 30 November 2023
25,476 
83,108 
9,581 
6,376 
124,541 
Net book value
At 30 November 2023
- 
23,256 
2,981 
957 
27,194 
At 30 November 2022
- 
36,143 
3,975 
2,032 
42,150 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,777 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
19,314 
17,051 
Trade creditors
10,283 
- 
Taxes and social security
9,216 
11,161 
Other creditors
483 
457 
Loans from directors
- 
29,326 
43,296 
61,995 
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Perfection Skin & Beauty Clinic Limited Notes to the Accounts for the year ended 30 November 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,957 
10,714 
9
Transactions with related parties
The director operates a loan account with the company. The balance due to the company by the director was £1,777 (PY: £29,326 due to the director by the company) at the balance sheet date, and is included within the figure for Other Debtors per Note 7 above (PY: Note 8). This loan is interest-free and has no set repayment date.
10
Average number of employees
During the year the average number of employees was 13 (2022: 14).
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