Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsetruefalse2022-12-01No description of principal activity67trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11062165 2022-12-01 2023-11-30 11062165 2021-12-01 2022-11-30 11062165 2023-11-30 11062165 2022-11-30 11062165 c:Director1 2022-12-01 2023-11-30 11062165 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 11062165 d:Buildings d:ShortLeaseholdAssets 2023-11-30 11062165 d:Buildings d:ShortLeaseholdAssets 2022-11-30 11062165 d:PlantMachinery 2022-12-01 2023-11-30 11062165 d:PlantMachinery 2023-11-30 11062165 d:PlantMachinery 2022-11-30 11062165 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11062165 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11062165 d:CurrentFinancialInstruments 2023-11-30 11062165 d:CurrentFinancialInstruments 2022-11-30 11062165 d:Non-currentFinancialInstruments 2023-11-30 11062165 d:Non-currentFinancialInstruments 2022-11-30 11062165 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11062165 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11062165 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 11062165 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 11062165 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 11062165 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 11062165 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 11062165 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 11062165 d:ShareCapital 2023-11-30 11062165 d:ShareCapital 2022-11-30 11062165 d:RetainedEarningsAccumulatedLosses 2023-11-30 11062165 d:RetainedEarningsAccumulatedLosses 2022-11-30 11062165 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11062165 c:OrdinaryShareClass1 2023-11-30 11062165 c:OrdinaryShareClass1 2022-11-30 11062165 c:FRS102 2022-12-01 2023-11-30 11062165 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11062165 c:FullAccounts 2022-12-01 2023-11-30 11062165 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11062165 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 11062165 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 11062165 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 11062165 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 11062165 2 2022-12-01 2023-11-30 11062165 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11062165 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 11062165 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11062165









LA SKIN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
LA SKIN LIMITED
REGISTERED NUMBER: 11062165

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
204,651
230,670

  
204,651
230,670

Current assets
  

Stocks
  
42,400
2,400

Debtors: amounts falling due within one year
 5 
-
60,708

Cash at bank and in hand
  
1,029
6,633

  
43,429
69,741

Creditors: amounts falling due within one year
 6 
(141,212)
(163,462)

Net current liabilities
  
 
 
(97,783)
 
 
(93,721)

Total assets less current liabilities
  
106,868
136,949

Creditors: amounts falling due after more than one year
 7 
(51,482)
(91,889)

Provisions for liabilities
  

Deferred tax
  
(21,846)
-

  
 
 
(21,846)
 
 
-

Net assets
  
33,540
45,060


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
33,440
44,960

  
33,540
45,060

Page 1

 
LA SKIN LIMITED
REGISTERED NUMBER: 11062165
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 November 2024.




Poonam Karwal
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 11062165.  The Company's registered office is 95 Spencer Street, Birmingham, United Kingdom, B18 6DA.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue 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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
15%
straight line
Plant and machinery
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 7).

Page 6

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 December 2022
69,890
245,239
315,129


Additions
-
25,000
25,000



At 30 November 2023

69,890
270,239
340,129



Depreciation


At 1 December 2022
24,631
59,828
84,459


Charge for the year on owned assets
10,483
40,536
51,019



At 30 November 2023

35,114
100,364
135,478



Net book value



At 30 November 2023
34,776
169,875
204,651



At 30 November 2022
45,259
185,411
230,670

Page 7

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
-
60,708

-
60,708



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
36,860
29,350

Trade creditors
4,372
97,435

Other taxation and social security
36,764
18,176

Obligations under finance lease and hire purchase contracts
10,596
11,262

Other creditors
52,620
5,559

Accruals and deferred income
-
1,680

141,212
163,462



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
44,142
77,713

Net obligations under finance leases and hire purchase contracts
7,340
14,176

51,482
91,889


Page 8

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
36,860
29,350


36,860
29,350


Amounts falling due 2-5 years

Bank loans
44,142
77,268


44,142
77,268

Amounts falling due after more than 5 years

Bank loans
-
446

-
446

81,002
107,064



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
10,596
11,172

Between 1-5 years
7,340
14,176

17,936
25,348

Page 9

 
LA SKIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Deferred taxation




2023


£






Charged to profit or loss
(21,846)



At end of year
(21,846)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(21,846)
-

(21,846)
-


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. Contributions totalling £255 (2022 - £255) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

As at the balance sheet date £36,406 (2022: £60,381 was due from the director) was due to the director. The loan is interest free and is repayable on demand.

 
Page 10