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REGISTERED NUMBER: 08917564 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Body & Mind Skin Care Centre Limited

Body & Mind Skin Care Centre Limited (Registered number: 08917564)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Body & Mind Skin Care Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss A Vickers





REGISTERED OFFICE: 1-2 Tyrone House
Church Street
Wellington
Telford
Shropshire
TF1 1DR





REGISTERED NUMBER: 08917564 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,298 23,416

CURRENT ASSETS
Stocks 11,193 13,251
Debtors 5 6,466 13,357
Cash at bank and in hand 5,798 8,746
23,457 35,354
CREDITORS
Amounts falling due within one year 6 35,684 44,008
NET CURRENT LIABILITIES (12,227 ) (8,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,071

14,762

CREDITORS
Amounts falling due after more than one
year

7

(5,310

)

(9,282

)

PROVISIONS FOR LIABILITIES (4,427 ) (4,449 )
NET ASSETS 1,334 1,031

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,234 931
SHAREHOLDERS' FUNDS 1,334 1,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Balance Sheet - continued
31 March 2024


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 10 October 2024 and were signed by:





Miss A Vickers - Director


Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Body & Mind Skin Care Centre 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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

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.

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.

Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,678 50,986 15,308 2,010 69,982
Additions - 4,280 - - 4,280
At 31 March 2024 1,678 55,266 15,308 2,010 74,262
DEPRECIATION
At 1 April 2023 1,289 30,916 13,477 884 46,566
Charge for year 58 3,319 458 563 4,398
At 31 March 2024 1,347 34,235 13,935 1,447 50,964
NET BOOK VALUE
At 31 March 2024 331 21,031 1,373 563 23,298
At 31 March 2023 389 20,070 1,831 1,126 23,416

Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 14,999
Transfer to ownership (14,999 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 6,709
Transfer to ownership (6,709 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 8,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other
taxes 2,286 2,032
Other debtors - 5,962
Directors' current accounts 3,822 4,894
Prepayments 358 469
6,466 13,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts - 931
Trade creditors 90 76
Tax 3,722 7,649
VAT 5,941 6,246
Other creditors 20,834 23,669
Accrued expenses 1,097 1,437
35,684 44,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 1,310 5,282
5,310 9,282

Body & Mind Skin Care Centre Limited (Registered number: 08917564)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1.00 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Miss A Vickers
Balance outstanding at start of year (4,894 ) (5,414 )
Amounts advanced (17,048 ) (14,800 )
Amounts repaid 18,120 15,320
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,822 ) (4,894 )