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REGISTERED NUMBER: 10311982 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Expert Skin Limited

Expert Skin Limited (Registered number: 10311982)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Expert Skin Limited (Registered number: 10311982)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,199 3,969
Tangible assets 5 90,161 51,834
93,360 55,803

CURRENT ASSETS
Stocks 41,750 43,254
Debtors 6 6,339 23,010
Cash at bank 23,469 43,372
71,558 109,636
CREDITORS
Amounts falling due within one year 7 170,779 154,224
NET CURRENT LIABILITIES (99,221 ) (44,588 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,861 ) 11,215

CREDITORS
Amounts falling due after more than one year 8 (15,692 ) -

PROVISIONS FOR LIABILITIES (22,540 ) (10,030 )
NET (LIABILITIES)/ASSETS (44,093 ) 1,185

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (44,193 ) 1,085
SHAREHOLDERS' FUNDS (44,093 ) 1,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:



J Chantrey - Director


Expert Skin Limited (Registered number: 10311982)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Expert Skin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10311982

Registered office: Spring Court
Spring Road
Hale
Cheshire
WA14 2UQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is Expert Aesthetics Alderley Edge Limited, whom are owed £89,048 (2023: £93,002) and are also a subsidiary within the group. The director confirms that Expert Skin Limited will continue to be supported by other companies within the group structure.

Turnover
Turnover is recognised at the completion of the consultancy and in the period to which it relates.

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.

The website is being amortised evenly over the estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Machinery & equipment - 20% on reducing balance
Office fixtures & 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 Profit and loss account, 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.


Expert Skin Limited (Registered number: 10311982)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 August 2023
and 31 July 2024 7,700
AMORTISATION
At 1 August 2023 3,731
Amortisation for year 770
At 31 July 2024 4,501
NET BOOK VALUE
At 31 July 2024 3,199
At 31 July 2023 3,969

Expert Skin Limited (Registered number: 10311982)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Office
Machinery fixtures Motor
& equipment & equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2023 147,500 30,295 - 177,795
Additions 28,180 749 20,980 49,909
At 31 July 2024 175,680 31,044 20,980 227,704
DEPRECIATION
At 1 August 2023 110,674 15,287 - 125,961
Charge for year 9,218 2,364 - 11,582
At 31 July 2024 119,892 17,651 - 137,543
NET BOOK VALUE
At 31 July 2024 55,788 13,393 20,980 90,161
At 31 July 2023 36,826 15,008 - 51,834

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Machinery
& equipment
£   
COST
Additions 28,180
At 31 July 2024 28,180
DEPRECIATION
Charge for year 1,852
At 31 July 2024 1,852
NET BOOK VALUE
At 31 July 2024 26,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 573 22,331
Other debtors 5,766 679
6,339 23,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,231 -
Trade creditors 6,562 16,197
Amounts owed to group undertakings 150,622 111,939
Taxation and social security - 19,738
Other creditors 4,364 6,350
170,779 154,224

Expert Skin Limited (Registered number: 10311982)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,692 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,923 -

10. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £61,981 (2023: £18,937) due to Expert Aesthetics Limited and an amount of £88,641 (2023 £93,002) due to Expert Aesthetics Alderley Edge Limited.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Expert Aesthetics Limited, a company registered in England and Wales.