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REGISTERED NUMBER: SC731349 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

DUNDEE COSMETIC LTD

DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)






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


DUNDEE COSMETIC LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M J Skimming
Ms L Wilson





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





REGISTERED NUMBER: SC731349 (Scotland)





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

DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,558 121,625
Tangible assets 5 52,304 61,675
145,862 183,300

CURRENT ASSETS
Debtors 6 1,465 818
Cash at bank and in hand 20,963 8,434
22,428 9,252
CREDITORS
Amounts falling due within one year 7 374,394 291,837
NET CURRENT LIABILITIES (351,966 ) (282,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(206,104

)

(99,285

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (206,105 ) (99,286 )
(206,104 ) (99,285 )

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.

DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)

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


DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)

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

1. STATUTORY INFORMATION

Dundee Cosmetic Ltd 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.
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.


DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 140,336
AMORTISATION
At 1 June 2023 18,711
Charge for year 28,067
At 31 May 2024 46,778
NET BOOK VALUE
At 31 May 2024 93,558
At 31 May 2023 121,625

DUNDEE COSMETIC LTD (REGISTERED NUMBER: SC731349)

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2023 57,865 9,641 67,506
Additions 4,920 - 4,920
At 31 May 2024 62,785 9,641 72,426
DEPRECIATION
At 1 June 2023 5,055 776 5,831
Charge for year 12,363 1,928 14,291
At 31 May 2024 17,418 2,704 20,122
NET BOOK VALUE
At 31 May 2024 45,367 6,937 52,304
At 31 May 2023 52,810 8,865 61,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,465 818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 281 -
Trade creditors 6,099 7,350
Amounts owed to associates 321,447 239,867
Taxation and social security 2,454 2,155
Other creditors 44,113 42,465
374,394 291,837