Registered number
13042304
Viva Aesthetics Limited
Filleted Accounts
31 March 2024
Viva Aesthetics Limited
Registered number: 13042304
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 16,348 21,710
Tangible assets 5 290,876 316,148
307,224 337,858
Current assets
Debtors 6 98,127 116,876
Cash at bank and in hand 147,260 107,981
245,387 224,857
Creditors: amounts falling due within one year 7 (351,523) (295,356)
Net current liabilities (106,136) (70,499)
Total assets less current liabilities 201,088 267,359
Creditors: amounts falling due after more than one year 8 (85,241) (87,172)
Provisions for liabilities (59,939) (41,927)
Net assets 55,908 138,260
Capital and reserves
Called up share capital 1 1
Profit and loss account 55,907 138,259
Shareholder's funds 55,908 138,260
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr R Critchley
Director
Approved by the board on 11 February 2025
Viva Aesthetics Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings 10 year straight line
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 8
3 Taxation 2024 2023
£ £
Corporation tax charge for the year 31586 23877
Adjustment to prior years corporation tax charge 8879
Deferred tax charge 18012 3209
58,477 27,086
4 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 28,947
Additions 2,500
At 31 March 2024 31,447
Amortisation
At 1 April 2023 7,237
Provided during the year 7,862
At 31 March 2024 15,099
Net book value
At 31 March 2024 16,348
At 31 March 2023 21,710
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 213,810 201,502 415,312
Additions - 61,978 61,978
At 31 March 2024 213,810 263,480 477,290
Depreciation
At 1 April 2023 34,168 64,996 99,164
Charge for the year 21,381 65,869 87,250
At 31 March 2024 55,549 130,865 186,414
Net book value
At 31 March 2024 158,261 132,615 290,876
At 31 March 2023 179,642 136,506 316,148
6 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1 1
Other debtors 98,126 116,875
98,127 116,876
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 36,282
Obligations under finance lease and hire purchase contracts 23,920 14,792
Trade creditors 57,114 41,775
Amounts owed to group undertakings and undertakings in which the company has a participating interest 160,162 162,431
Taxation and social security costs 57,759 31,465
Other creditors 42,568 8,611
351,523 295,356
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,896 25,564
Obligations under finance lease and hire purchase contracts 71,345 61,608
85,241 87,172
9 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 23,896 35,564
The loan has been advanced under the Governments Bounce Back Loan Scheme which was established to provide businesses with financial support during the Covid pandemic. As such there is no security attaching to the loan as it has been fully guaranteed by the Government.
10 Other information
Viva Aesthetics Limited is a private company limited by shares and incorporated in England. Its registered office is:
558 Kings Road
London
SW6 2DZ
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