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REGISTERED NUMBER: 11246518 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MO AESTHETIC CLINIC LTD

MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

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


MO AESTHETIC CLINIC LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Ms N H Olavesen-Stabb
P Olavesen-Stabb
Mrs M Olavesen-Stabb
Miss E J Darnton





REGISTERED OFFICE: 58 High Street
BROADWAY
Worcestershire
WR12 7DT





REGISTERED NUMBER: 11246518 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,677 13,958

CURRENT ASSETS
Debtors 5 2,564 2,750
Cash at bank and in hand 15,876 21,396
18,440 24,146
CREDITORS
Amounts falling due within one year 6 16,481 18,177
NET CURRENT ASSETS 1,959 5,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,636

19,927

PROVISIONS FOR LIABILITIES 481 2,652
NET ASSETS 7,155 17,275

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,154 17,274
7,155 17,275

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.

MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





P Olavesen-Stabb - Director


MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

MO Aesthetic Clinic Ltd 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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 3 (2023 - 1 ) .

MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,928 27,725 2,334 38,987
Additions - - 308 308
Disposals (8,928 ) - - (8,928 )
At 31 March 2024 - 27,725 2,642 30,367
DEPRECIATION
At 1 April 2023 2,232 21,017 1,780 25,029
Charge for year - 1,677 216 1,893
Eliminated on disposal (2,232 ) - - (2,232 )
At 31 March 2024 - 22,694 1,996 24,690
NET BOOK VALUE
At 31 March 2024 - 5,031 646 5,677
At 31 March 2023 6,696 6,708 554 13,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,578 1,748
Other debtors 986 1,002
2,564 2,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115 11,611
Taxation and social security 8,603 5,141
Other creditors 7,763 1,425
16,481 18,177

7. RELATED PARTY DISCLOSURES

During the year, the director’s current account became overdrawn, the maximum amount and the year end balance was £985. This has subsequently been cleared.

Included in other creditors is amounts loaned to the company by Mo Scandinavia Ltd of £2,101 (a company under common control)

MO AESTHETIC CLINIC LTD (REGISTERED NUMBER: 11246518)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


8. ULTIMATE CONTROLLING PARTY

The controlling party is Scandinavian Skincare (Holdings) UK Ltd.

The ultimate controlling party is P Olavesen-Stabb.