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REGISTERED NUMBER: 09522024 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SKIN SOLUTIONS OXFORD LIMITED

SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SKIN SOLUTIONS OXFORD LIMITED

Company Information
for the year ended 30 April 2024







DIRECTOR: Dr A Warner





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 09522024 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 800
Tangible assets 5 124,705 134,278
124,705 135,078

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 6,654 8,718
Cash at bank 1,011,094 856,378
1,047,748 895,096
CREDITORS
Amounts falling due within one year 7 203,323 81,379
NET CURRENT ASSETS 844,425 813,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,130

948,795

PROVISIONS FOR LIABILITIES 6,558 7,715
NET ASSETS 962,572 941,080

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 962,570 941,078
962,572 941,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:





Dr A Warner - Director


SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Skin Solutions Oxford Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)

Notes to the Financial Statements - continued
for the year ended 30 April 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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 7,200
AMORTISATION
At 1 May 2023 6,400
Charge for year 800
At 30 April 2024 7,200
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 800

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 123,597 76,252 5,672 205,521
DEPRECIATION
At 1 May 2023 20,182 47,888 3,173 71,243
Charge for year 4,944 4,254 375 9,573
At 30 April 2024 25,126 52,142 3,548 80,816
NET BOOK VALUE
At 30 April 2024 98,471 24,110 2,124 124,705
At 30 April 2023 103,415 28,364 2,499 134,278

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,734 7,790
Other debtors 920 928
6,654 8,718

SKIN SOLUTIONS OXFORD LIMITED (REGISTERED NUMBER: 09522024)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,885
Taxation and social security 82,440 62,229
Other creditors 120,883 15,265
203,323 81,379