Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Penny Jane Emily Thomas 24/05/2011 26 February 2025 The principal activities of the Company during the period were private dental services provided through dental practices. Client also provides aesthetic services including teeth whitening and botox. SC400230 2024-05-31 SC400230 bus:Director1 2024-05-31 SC400230 2023-05-31 SC400230 core:CurrentFinancialInstruments 2024-05-31 SC400230 core:CurrentFinancialInstruments 2023-05-31 SC400230 core:ShareCapital 2024-05-31 SC400230 core:ShareCapital 2023-05-31 SC400230 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC400230 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC400230 core:PlantMachinery 2023-05-31 SC400230 core:OfficeEquipment 2023-05-31 SC400230 core:PlantMachinery 2024-05-31 SC400230 core:OfficeEquipment 2024-05-31 SC400230 bus:OrdinaryShareClass1 2024-05-31 SC400230 2023-06-01 2024-05-31 SC400230 bus:FilletedAccounts 2023-06-01 2024-05-31 SC400230 bus:SmallEntities 2023-06-01 2024-05-31 SC400230 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC400230 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC400230 bus:Director1 2023-06-01 2024-05-31 SC400230 core:PlantMachinery 2023-06-01 2024-05-31 SC400230 core:OfficeEquipment 2023-06-01 2024-05-31 SC400230 2022-06-01 2023-05-31 SC400230 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC400230 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC400230 (Scotland)

FRESH AESTHETICS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

FRESH AESTHETICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

FRESH AESTHETICS LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
FRESH AESTHETICS LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 6,674 1,845
6,674 1,845
Current assets
Stocks 640 600
Debtors 4 14,005 6,261
Cash at bank and in hand 5,373 5,641
20,018 12,502
Creditors: amounts falling due within one year 5 ( 20,186) ( 12,677)
Net current liabilities (168) (175)
Total assets less current liabilities 6,506 1,670
Provision for liabilities 6 ( 1,669) ( 351)
Net assets 4,837 1,319
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 4,836 1,318
Total shareholder's funds 4,837 1,319

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Fresh Aesthetics Limited (registered number: SC400230) were approved and authorised for issue by the Director on 26 February 2025. They were signed on its behalf by:

Penny Jane Emily Thomas
Director
FRESH AESTHETICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
FRESH AESTHETICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fresh Aesthetics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael Bishop's Court, 29 Albyn Place, Aberdeen, AB10 1YL, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Turnover consists of income earned for providing dental and facial aesthetics services through dental practices.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 June 2023 0 2,482 2,482
Additions 6,240 0 6,240
At 31 May 2024 6,240 2,482 8,722
Accumulated depreciation
At 01 June 2023 0 637 637
Charge for the financial year 950 461 1,411
At 31 May 2024 950 1,098 2,048
Net book value
At 31 May 2024 5,290 1,384 6,674
At 31 May 2023 0 1,845 1,845

4. Debtors

2024 2023
£ £
Trade debtors 9,650 0
Other debtors 4,355 6,261
14,005 6,261

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 15,692 8,219
Obligations under finance leases and hire purchase contracts 1,586 0
Other creditors 2,908 4,458
20,186 12,677

6. Provision for liabilities

2024 2023
£ £
Deferred tax 1,669 351

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts Owed by Directors 3,256 6,261

This loan is interest free and has no fixed repayment terms.