Company Registration No. 10067575 (England and Wales)
Atypic Skincare Ltd
Filleted accounts
for the year ended 29 February 2024
Atypic Skincare Ltd
Filleted accounts
Contents
Atypic Skincare Ltd
Company Information
for the year ended 29 February 2024
Directors
Mindaugas Zukauskas
Alioune Ndione
Company Number
10067575 (England and Wales)
Registered Office
166 COLLEGE ROAD
HARROW
GREATER LONDON
HA1 1BH
UNITED KINGDOM
Atypic Skincare Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
1,210,933
1,146,493
Debtors
3,021,162
2,507,939
Cash at bank and in hand
653,793
887,519
Creditors: amounts falling due within one year
(919,551)
(621,963)
Net current assets
2,775,304
2,793,095
Net assets
3,986,237
3,939,588
Called up share capital
1
1
Profit and loss account
3,986,236
3,939,587
Shareholders' funds
3,986,237
3,939,588
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Mindaugas Zukauskas
Director
Company Registration No. 10067575
Atypic Skincare Ltd
Notes to the Accounts
for the year ended 29 February 2024
Atypic Skincare Ltd is a private company, limited by shares, registered in England and Wales, registration number 10067575. The registered office is 166 COLLEGE ROAD, HARROW, GREATER LONDON, HA1 1BH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
4% to 20% straight line
Computer equipment
20% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Atypic Skincare Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2023
816,194
132,522
143,319
216,697
43,456
1,352,188
Additions
-
34,774
-
146,237
4,736
185,747
Disposals
-
(3,100)
-
-
-
(3,100)
At 29 February 2024
816,194
164,196
143,319
362,934
48,192
1,534,835
At 1 March 2023
34,191
64,816
57,328
28,195
21,165
205,695
Charge for the year
19,166
31,505
28,664
30,663
9,449
119,447
On disposals
-
(1,240)
-
-
-
(1,240)
At 29 February 2024
53,357
95,081
85,992
58,858
30,614
323,902
At 29 February 2024
762,837
69,115
57,327
304,076
17,578
1,210,933
At 28 February 2023
782,003
67,706
85,991
188,502
22,291
1,146,493
Amounts falling due within one year
Trade debtors
1,042,313
365,993
Accrued income and prepayments
139,210
12,973
Other debtors
245,095
424,619
Amounts falling due after more than one year
Other debtors
1,542,835
1,630,747
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
893,132
547,274
Taxes and social security
10,518
62,877
Other creditors
5,329
1,420
Loans from directors
1,360
770
Deferred income
8,970
9,360
7
Average number of employees
During the year the average number of employees was 26 (2023: 26).