IRIS Accounts Production v24.2.0.383 06423505 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064235052023-03-31064235052024-03-31064235052023-04-012024-03-31064235052022-03-31064235052022-04-012023-03-31064235052023-03-3106423505ns15:EnglandWales2023-04-012024-03-3106423505ns14:PoundSterling2023-04-012024-03-3106423505ns10:Director12023-04-012024-03-3106423505ns10:Director22023-04-012024-03-3106423505ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106423505ns10:SmallEntities2023-04-012024-03-3106423505ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106423505ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106423505ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106423505ns10:FullAccounts2023-04-012024-03-3106423505ns10:OrdinaryShareClass12023-04-012024-03-3106423505ns10:OrdinaryShareClass22023-04-012024-03-3106423505ns10:RegisteredOffice2023-04-012024-03-3106423505ns5:CurrentFinancialInstruments2024-03-3106423505ns5:CurrentFinancialInstruments2023-03-3106423505ns5:Non-currentFinancialInstruments2024-03-3106423505ns5:Non-currentFinancialInstruments2023-03-3106423505ns5:ShareCapital2024-03-3106423505ns5:ShareCapital2023-03-3106423505ns5:RetainedEarningsAccumulatedLosses2024-03-3106423505ns5:RetainedEarningsAccumulatedLosses2023-03-3106423505ns5:PlantMachinery2023-04-012024-03-3106423505ns5:FurnitureFittings2023-04-012024-03-3106423505ns5:ComputerEquipment2023-04-012024-03-3106423505ns5:PlantMachinery2023-03-3106423505ns5:FurnitureFittings2023-03-3106423505ns5:ComputerEquipment2023-03-3106423505ns5:PlantMachinery2024-03-3106423505ns5:FurnitureFittings2024-03-3106423505ns5:ComputerEquipment2024-03-3106423505ns5:PlantMachinery2023-03-3106423505ns5:FurnitureFittings2023-03-3106423505ns5:ComputerEquipment2023-03-3106423505ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106423505ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106423505ns10:OrdinaryShareClass12024-03-3106423505ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 06423505 (England and Wales)















Diamond Skin Care Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Diamond Skin Care Limited (Registered number: 06423505)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Diamond Skin Care Limited

Company Information
for the Year Ended 31 March 2024







Directors: Dr D Rallan
Ms C Ward





Registered office: Oak Lodge Business Centre
129 School Lane
Little Melton
Norfolk
NR9 3LB





Registered number: 06423505 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Diamond Skin Care Limited (Registered number: 06423505)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,558 14,314

Current assets
Debtors 5 88,069 62,544
Cash at bank and in hand 61,510 73,735
149,579 136,279
Creditors
Amounts falling due within one year 6 154,102 125,924
Net current (liabilities)/assets (4,523 ) 10,355
Total assets less current liabilities 16,035 24,669

Creditors
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

Provisions for liabilities (3,906 ) (2,720 )
Net assets 462 282

Capital and reserves
Called up share capital 8 112 112
Retained earnings 350 170
Shareholders' funds 462 282

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 directors acknowledge their 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.

Diamond Skin Care Limited (Registered number: 06423505)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




Dr D Rallan - Director



Ms C Ward - Director


Diamond Skin Care Limited (Registered number: 06423505)

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

1. Statutory information

Diamond Skin Care 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be readily measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;
- the amount of turnover can be measured reliably
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.


Diamond Skin Care Limited (Registered number: 06423505)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 14 (2023 - 11 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 7,953 1,203 20,659 29,815
Additions 7,575 - 5,157 12,732
Disposals (339 ) (585 ) (5,600 ) (6,524 )
At 31 March 2024 15,189 618 20,216 36,023
Depreciation
At 1 April 2023 3,030 822 11,649 15,501
Charge for year 3,032 76 3,380 6,488
Eliminated on disposal (339 ) (585 ) (5,600 ) (6,524 )
At 31 March 2024 5,723 313 9,429 15,465
Net book value
At 31 March 2024 9,466 305 10,787 20,558
At 31 March 2023 4,923 381 9,010 14,314

Diamond Skin Care Limited (Registered number: 06423505)

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

5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 560 520
Other debtors 87,509 62,024
88,069 62,544

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 60,044 33,649
Taxation and social security 21,393 13,296
Other creditors 62,665 68,979
154,102 125,924

7. Creditors: amounts falling due after more than one year
31/3/24 31/3/23
£    £   
Bank loans 11,667 21,667

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100
12 B shares £1 12 12
112 112

9. Related party disclosures

As at 1 April 2023, the balance of the directors loan account was £13,820 overdrawn. During the year, the director introduced funds into the company totalling £53,417 and withdrew funds totalling £66,861. As at 31 March 2024, the balance on the directors loan account was £27,264 overdrawn and is included within other debtors note 6.

10. Ultimate controlling party

The controlling party is Dr D Rallan.