IRIS Accounts Production v24.3.2.46 SC692703 Board of Directors 1.6.23 31.5.24 31.5.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6927032023-05-31SC6927032024-05-31SC6927032023-06-012024-05-31SC6927032022-05-31SC6927032022-06-012023-05-31SC6927032023-05-31SC692703ns15:Scotland2023-06-012024-05-31SC692703ns14:PoundSterling2023-06-012024-05-31SC692703ns10:Director12023-06-012024-05-31SC692703ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC692703ns10:SmallEntities2023-06-012024-05-31SC692703ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC692703ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC692703ns10:FullAccounts2023-06-012024-05-31SC69270312023-06-012024-05-31SC692703ns10:Director22023-06-012024-05-31SC692703ns10:Director32023-06-012024-05-31SC692703ns10:RegisteredOffice2023-06-012024-05-31SC692703ns5:CurrentFinancialInstruments2024-05-31SC692703ns5:CurrentFinancialInstruments2023-05-31SC692703ns5:Non-currentFinancialInstruments2024-05-31SC692703ns5:Non-currentFinancialInstruments2023-05-31SC692703ns5:ShareCapital2024-05-31SC692703ns5:ShareCapital2023-05-31SC692703ns5:RetainedEarningsAccumulatedLosses2024-05-31SC692703ns5:RetainedEarningsAccumulatedLosses2023-05-31SC692703ns5:NetGoodwill2023-06-012024-05-31SC692703ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31SC692703ns5:LeaseholdImprovements2023-06-012024-05-31SC692703ns5:PlantMachinery2023-06-012024-05-31SC692703ns5:ComputerEquipment2023-06-012024-05-31SC692703ns5:NetGoodwill2023-05-31SC692703ns5:NetGoodwill2024-05-31SC692703ns5:NetGoodwill2023-05-31SC692703ns5:LeaseholdImprovements2023-05-31SC692703ns5:PlantMachinery2023-05-31SC692703ns5:ComputerEquipment2023-05-31SC692703ns5:LeaseholdImprovements2024-05-31SC692703ns5:PlantMachinery2024-05-31SC692703ns5:ComputerEquipment2024-05-31SC692703ns5:LeaseholdImprovements2023-05-31SC692703ns5:PlantMachinery2023-05-31SC692703ns5:ComputerEquipment2023-05-31SC692703ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC692703ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC692703 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

HAWICK COSMETIC LIMITED

HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAWICK COSMETIC LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M J Skimming
Mrs C J Skimming
Ms L Wilson





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC692703 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 279,829 404,197
Tangible assets 5 83,585 90,064
363,414 494,261

CURRENT ASSETS
Debtors 6 2,227 3,076
Cash at bank and in hand 35,378 20,804
37,605 23,880
CREDITORS
Amounts falling due within one year 7 667,715 687,135
NET CURRENT LIABILITIES (630,110 ) (663,255 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(266,696

)

(168,994

)

CREDITORS
Amounts falling due after more than one
year

8

-

35,000
NET LIABILITIES (266,696 ) (203,994 )

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings (266,707 ) (204,005 )
(266,696 ) (203,994 )

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

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

HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)

Balance Sheet - continued
31 MAY 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 Board of Directors and authorised for issue on 6 December 2024 and were signed on its behalf by:





M J Skimming - Director


HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Hawick Cosmetic Limited is a private company, limited by shares , registered in Scotland. 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 2022, is being amortised evenly over its estimated useful life of five 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 - 10% on a straight line basis
Plant and machinery - 20% on a straight line basis
Computer equipment - 25% on a straight line basis

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.


HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 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.

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 12 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 621,841
AMORTISATION
At 1 June 2023 217,644
Charge for year 124,368
At 31 May 2024 342,012
NET BOOK VALUE
At 31 May 2024 279,829
At 31 May 2023 404,197

HAWICK COSMETIC LIMITED (REGISTERED NUMBER: SC692703)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 4,080 104,506 9,290 117,876
Additions - 18,162 1,200 19,362
At 31 May 2024 4,080 122,668 10,490 137,238
DEPRECIATION
At 1 June 2023 204 26,170 1,438 27,812
Charge for year 816 22,628 2,397 25,841
At 31 May 2024 1,020 48,798 3,835 53,653
NET BOOK VALUE
At 31 May 2024 3,060 73,870 6,655 83,585
At 31 May 2023 3,876 78,336 7,852 90,064

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,227 3,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,178 2,527
Trade creditors 29,029 20,196
Amounts owed to associates 521,893 514,636
Taxation and social security 3,051 3,785
Other creditors 110,564 145,991
667,715 687,135

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors - 35,000