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REGISTERED NUMBER: 11273691 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MO SCANDINAVIA LTD

MO SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

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 SCANDINAVIA LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Ms N H Olavesen-Stabb
P Olavesen-Stabb
Mrs M Olavesen-Stabb





REGISTERED OFFICE: 58 High Street
BROADWAY
Worcestershire
WR12 7DT





REGISTERED NUMBER: 11273691 (England and Wales)





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

MO SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,200 -
Tangible assets 5 14,534 9,236
17,734 9,236

CURRENT ASSETS
Stocks 11,671 3,926
Debtors 6 11,414 22,958
Cash at bank 34,921 39,391
58,006 66,275
CREDITORS
Amounts falling due within one year 7 9,677 2,897
NET CURRENT ASSETS 48,329 63,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,063

72,614

PROVISIONS FOR LIABILITIES 1,809 1,755
NET ASSETS 64,254 70,859

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 64,253 70,858
64,254 70,859

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 SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

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 SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

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


1. STATUTORY INFORMATION

MO Scandinavia 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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
Computer equipment - 25% 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 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.

MO SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

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


2. ACCOUNTING POLICIES - continued

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 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 4,000
At 31 March 2024 4,000
AMORTISATION
Charge for year 800
At 31 March 2024 800
NET BOOK VALUE
At 31 March 2024 3,200

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 14,361 8,317 22,678
Additions 6,303 3,840 10,143
At 31 March 2024 20,664 12,157 32,821
DEPRECIATION
At 1 April 2023 8,760 4,682 13,442
Charge for year 2,976 1,869 4,845
At 31 March 2024 11,736 6,551 18,287
NET BOOK VALUE
At 31 March 2024 8,928 5,606 14,534
At 31 March 2023 5,601 3,635 9,236

MO SCANDINAVIA LTD (REGISTERED NUMBER: 11273691)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 861 13,240
Other debtors 10,553 9,718
11,414 22,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 333
Taxation and social security 2,614 64
Other creditors 7,063 2,500
9,677 2,897

8. RELATED PARTY DISCLOSURES

During the year, the director’s current account became overdrawn, the maximum amount and the year end balance was £2,890. This has been subsequently cleared.

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

9. ULTIMATE CONTROLLING PARTY

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

The ultimate controlling party is P Olavesen-Stabb.