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REGISTERED NUMBER: SC678141 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Kami Skin Care Products Ltd

Kami Skin Care Products Ltd (Registered number: SC678141)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Kami Skin Care Products Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: L K Tye





REGISTERED OFFICE: 29 Brandon Street
Hamilton
ML3 6DA





REGISTERED NUMBER: SC678141 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Kami Skin Care Products Ltd (Registered number: SC678141)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 311 311

CURRENT ASSETS
Stocks 300 300
Debtors 6 1,182 1,182
Cash at bank 1,076 1,076
2,558 2,558
CREDITORS
Amounts falling due within one year 7 7,752 7,752
NET CURRENT LIABILITIES (5,194 ) (5,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,883

)

(4,883

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (4,884 ) (4,884 )
(4,883 ) (4,883 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Kami Skin Care Products Ltd (Registered number: SC678141)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 31 October 2024 and were signed by:





L K Tye - Director


Kami Skin Care Products Ltd (Registered number: SC678141)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Kami Skin Care Products Ltd is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis as the director has undertaken to continue supporting the company through their director's loan account.

The company was dormant throughout the year ended 31 October 2023. However, reference to information relating to the year ended 31 October 2022 has been made where appropriate.

Turnover
Turnover is derived from selling skin care products supplied by the company.

Turnover is measured at the fair value of selling skin care products supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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 etc - 20% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Kami Skin Care Products Ltd (Registered number: SC678141)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 519
DEPRECIATION
At 1 November 2022
and 31 October 2023 208
NET BOOK VALUE
At 31 October 2023 311
At 31 October 2022 311

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,182 1,182

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 7,752 7,752

8. RELATED PARTY DISCLOSURES

The company operates a loan account with the director.

During the year, the director advanced loans totalling £NIL to the company. At the year end, the balance due to the director was £4,332 (2022 - £4,332). This loan is unsecured, interest free and has no fixed repayment terms.


Bearhill TMS Ltd
A company with common directors.

During the year, Bearhill TMS Ltd advanced loans totalling £NIL to the company. At the year end, the balance due to Bearhill TMS Ltd was £2,100.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kami Skin Care Products Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kami Skin Care Products Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Kami Skin Care Products Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kami Skin Care Products Ltd and state those matters that we have agreed to state to the director of Kami Skin Care Products Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kami Skin Care Products Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kami Skin Care Products Ltd. You consider that Kami Skin Care Products Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kami Skin Care Products Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


31 October 2024