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Registered number: 13225443










MANUCURIST UK LIMITED
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
MANUCURIST UK LIMITED
 
 
Company Information


Directors
Gaelle Lebrat-Personnaz 
Gael Personnaz 




Registered number
13225443



Registered office
3rd Floor
12 Gough Square

London

United Kingdom

EC4A 3DW




Independent auditor
Sayers Butterworth LLP
Chartered Accountants & Statutory Auditor

3rd Floor

12 Gough Square

London

United Kingdom

EC4A 3DW





 
MANUCURIST UK LIMITED
Registered number: 13225443

Balance sheet
As at 31 December 2023

2023
2022 (unaudited)
Note
£
£

  

Current assets
  

Stocks
 4 
4,583
4,114

Debtors: amounts falling due within one year
 5 
260,761
111,940

Cash at bank and in hand
  
87,071
228,705

  
352,415
344,759

Creditors: amounts falling due within one year
 6 
(995,401)
(493,348)

Net current liabilities
  
 
 
(642,986)
 
 
(148,589)

Total assets less current liabilities
  
(642,986)
(148,589)

  

  

  

Net liabilities
  
(642,986)
(148,589)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(642,987)
(148,590)

  
(642,986)
(148,589)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the Profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 March 2025.




Gael Personnaz
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MANUCURIST UK LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Manucurist UK Limited ("the Company") is a private company limited by share capital, incorporated in the Unitied Kingdom and registered in England and Wales with registration number 13225443. The company's registered office address is 3rd Floor, 12 Gough Square, London, United Kingdom, EC4A 3DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared by the directors under the going concern basis despite an excess of liabilities over total assets.
The directors consider the going concern basis to be appropriate as the parent company Manucurist SARL has agreed to support the company and maintain funding to enable the Company to meet its' obligations as they fall due for at least the next twelve months.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
MANUCURIST UK LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Stocks

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

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
MANUCURIST UK LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

4.


Stocks

2023
2022 (unaudited)
£
£

Finished goods and goods for resale
4,583
4,114

4,583
4,114



5.


Debtors

2023
2022 (unaudited)
£
£


Trade debtors
260,761
103,640

Prepayments and accrued income
-
8,300

260,761
111,940



6.


Creditors: Amounts falling due within one year

2023
2022 (unaudited)
£
£

Trade creditors
78,723
53,684

Other taxation and social security
70,382
42,518

Amount due to parent company
781,962
346,521

Accruals and deferred income
64,334
50,625

995,401
493,348



7.


Related party transactions

The company has adopted the exemption permitted by paragraph 33.1A of FRS 102 and has not disclosed transactions with other group members, which are wholly owned subsidiaries. 


8.


Controlling party

The parent undertaking of the smallest group of which Manucurist UK Limited is a member and consolidated accounts are prepared is Manucurist SARL. Their registered office address is 19 Rue d'Enghien, Paris, France. 

Page 4

 
MANUCURIST UK LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 December 2023

9.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was qualified.

The qualification in the audit report was as follows:

During the year ended 31 December 2023 there were deficiencies in the company’s accounting records and, as a consequence, the inability to perform key reconciliations for the company’s key debtor accounts to its sales system. As of the date of our report, management has been rectifying the accounting system deficiencies and identifying correcting adjustments. We were unable to confirm or verify by alternative means certain debtor balances arising from this issue. As a result of these matters, we were unable to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded debtors and accordingly the elements making up the profit and loss account.

The audit report was signed on 10 March 2025 by Andrew Burch (Senior statutory auditor) on behalf of Sayers Butterworth LLP.

 
Page 5