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
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
Perfection Skin & Beauty Clinic Limited
Statement of financial position
as at 30 November 2023
Intangible assets
13,000
13,000
Tangible assets
27,194
42,150
Cash at bank and in hand
4,190
15,061
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
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
Perfection Skin & Beauty Clinic Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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, 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 .
Perfection Skin & Beauty Clinic Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
At 30 November 2023
13,000
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
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
At 30 November 2023
-
23,256
2,981
957
27,194
At 30 November 2022
-
36,143
3,975
2,032
42,150
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
4,000
Taxes and social security
9,216
11,161
Loans from directors
-
29,326
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
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).