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REGISTERED NUMBER: 07301601 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Expert Aesthetics Ltd

Expert Aesthetics Ltd (Registered number: 07301601)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Expert Aesthetics Ltd (Registered number: 07301601)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 683,912 772,341
Investments 5 193,095 174,360
877,007 946,701

CURRENT ASSETS
Stocks 28,988 18,987
Debtors 6 85,479 44,454
Cash at bank and in hand 1,963,734 1,834,561
2,078,201 1,898,002
CREDITORS
Amounts falling due within one year 7 354,202 243,789
NET CURRENT ASSETS 1,723,999 1,654,213
TOTAL ASSETS LESS CURRENT LIABILITIES 2,601,006 2,600,914

CREDITORS
Amounts falling due after more than one year 8 - (72,519 )

PROVISIONS FOR LIABILITIES 10 (9,712 ) (29,716 )
NET ASSETS 2,591,294 2,498,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,591,194 2,498,579
SHAREHOLDERS' FUNDS 2,591,294 2,498,679

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 directors acknowledge their 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.

Expert Aesthetics Ltd (Registered number: 07301601)

Balance Sheet - continued
31 July 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





J Chantrey - Director


Expert Aesthetics Ltd (Registered number: 07301601)

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

1. STATUTORY INFORMATION

Expert Aesthetics Ltd 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: 07301601

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.

Turnover
Income is recognised at the completion of the consultancy.

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.
Freehold property - 1% on cost
Motor vehicles - 25% on reducing balance
Machinery and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment (London) - 33.33% on cost
Office & computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Other investments
Other investments are measured at fair value, with changes in fair value recognised through the profit and loss account.

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 Aesthetics Ltd (Registered number: 07301601)

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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Machinery
Freehold Motor and
property vehicles equipment
£    £    £   
COST
At 1 August 2023 721,457 107,536 33,020
Additions - - -
Disposals - (107,536 ) -
At 31 July 2024 721,457 - 33,020
DEPRECIATION
At 1 August 2023 50,446 31,084 26,314
Charge for year 7,214 - 1,006
Eliminated on disposal - (31,084 ) -
At 31 July 2024 57,660 - 27,320
NET BOOK VALUE
At 31 July 2024 663,797 - 5,700
At 31 July 2023 671,011 76,452 6,706

Expert Aesthetics Ltd (Registered number: 07301601)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures Computer Office &
and equipment computer
fittings (London) equipment Totals
£    £    £    £   
COST
At 1 August 2023 39,260 1,455 22,554 925,282
Additions - - 376 376
Disposals - - - (107,536 )
At 31 July 2024 39,260 1,455 22,930 818,122
DEPRECIATION
At 1 August 2023 26,915 1,106 17,076 152,941
Charge for year 1,852 349 1,932 12,353
Eliminated on disposal - - - (31,084 )
At 31 July 2024 28,767 1,455 19,008 134,210
NET BOOK VALUE
At 31 July 2024 10,493 - 3,922 683,912
At 31 July 2023 12,345 349 5,478 772,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 107,536
Disposals (107,536 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 31,084
Eliminated on disposal (31,084 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 76,452

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 101 101
Other investments not loans 192,994 174,259
193,095 174,360

Expert Aesthetics Ltd (Registered number: 07301601)

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

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 101
NET BOOK VALUE
At 31 July 2024 101
At 31 July 2023 101

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment bond 174,259 150,000
Revaluation 18,735 24,259
192,994 174,259

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Expert Aesthetics Alderley Edge Limited
Registered office: Spring Court, Spring Road, Hale, Cheshire, WA14 2UQ
Nature of business: Aesthetic Treatments
%
Class of shares: holding
Ordinary 100.00

Expert Skin Limited
Registered office: Spring Court, Spring Road, Hale, Cheshire, WA14 2UQ
Nature of business: Medical Aesthetic Procedures
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,355
Amounts owed by group undertakings 62,003 18,966
Amounts owed by associates 3,857 3,237
Other debtors 19,619 20,896
85,479 44,454

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 11,198
Trade creditors 36,424 24,888
Taxation and social security 60,101 45,914
Other creditors 257,677 161,789
354,202 243,789

Expert Aesthetics Ltd (Registered number: 07301601)

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 - 72,519

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 83,717

Hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,712 29,716

Deferred
tax
£   
Balance at 1 August 2023 29,716
Accelerated capital allowances (20,004 )
Balance at 31 July 2024 9,712

11. RELATED PARTY DISCLOSURES

Included in debtors at the year end is an amount of £22 (2023 : £29 creditor) due from Expert Aesthetics Alderley Edge Ltd and an amount of £61,981 (2023: £18,937) due from Expert Skin Limited. Both are wholly owned subsidiaries of the company.

Included in debtors at the year end is an amount of £3,857 (2023 : £3,237) due from JCX Development & Design Limited, of whom, J Chantrey is a 100% shareholder.

12. ULTIMATE CONTROLLING PARTY

Throughout the year, the company was controlled by Mrs J Chantrey, a director, by virtue of her 75% holding of the issued ordinary share capital.