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REGISTERED NUMBER: SC578145 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

DUNFERMLINE COSMETIC LIMITED

DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)






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


DUNFERMLINE 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: SC578145 (Scotland)





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

DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 307,245 391,039
Tangible assets 5 132,674 141,681
439,919 532,720

CURRENT ASSETS
Debtors 6 164,771 218,755
Cash at bank and in hand 493,400 183,638
658,171 402,393
CREDITORS
Amounts falling due within one year 7 1,049,974 819,560
NET CURRENT LIABILITIES (391,803 ) (417,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,116

115,553

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (33,169 ) (26,919 )
NET ASSETS 4,947 68,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,847 68,534
4,947 68,634

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.

DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)

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


DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)

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

1. STATUTORY INFORMATION

Dunfermline 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 2018, 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
Fixtures and fittings - 25% on a reducing balance 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.


DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)

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 18 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 794,219
AMORTISATION
At 1 June 2023 403,180
Charge for year 83,794
At 31 May 2024 486,974
NET BOOK VALUE
At 31 May 2024 307,245
At 31 May 2023 391,039

DUNFERMLINE COSMETIC LIMITED (REGISTERED NUMBER: SC578145)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 - 184,404 13,836 25,846 224,086
Additions 3,175 25,551 5,216 - 33,942
At 31 May 2024 3,175 209,955 19,052 25,846 258,028
DEPRECIATION
At 1 June 2023 - 61,008 6,378 15,019 82,405
Charge for year 139 36,771 2,517 3,522 42,949
At 31 May 2024 139 97,779 8,895 18,541 125,354
NET BOOK VALUE
At 31 May 2024 3,036 112,176 10,157 7,305 132,674
At 31 May 2023 - 123,396 7,458 10,827 141,681

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 148,934 198,934
Other debtors 15,837 19,821
164,771 218,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,773 10,000
Trade creditors 57,239 37,614
Amounts owed to associates 869,289 675,313
Taxation and social security 87,813 43,733
Other creditors 23,860 52,900
1,049,974 819,560

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,000 20,000