10 July 2023 false Taxfiler 2024.7.2 14992518business:PrivateLimitedCompanyLtd2023-07-102024-06-30 149925182023-07-09 149925182023-07-102024-06-30 14992518business:AuditExemptWithAccountantsReport2023-07-102024-06-30 14992518business:FilletedAccounts2023-07-102024-06-30 149925182024-06-30 14992518business:Director12023-07-102024-06-30 14992518business:Director22023-07-102024-06-30 14992518business:RegisteredOffice2023-07-102024-06-30 14992518core:WithinOneYear2024-06-30 14992518core:AfterOneYear2024-06-30 14992518core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 14992518core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 14992518core:PreviouslyStatedAmount2024-06-30 14992518business:SmallEntities2023-07-102024-06-30 14992518countries:EnglandWales2023-07-102024-06-30 14992518core:PlantMachinery2023-07-102024-06-30 14992518core:FurnitureFittings2023-07-102024-06-30 14992518core:ComputerEquipment2023-07-102024-06-30 14992518core:Goodwill2023-07-09 14992518core:Goodwill2023-07-102024-06-30 14992518core:Goodwill2024-06-30 14992518core:PlantMachinery2023-07-09 14992518core:FurnitureFittings2023-07-09 14992518core:ComputerEquipment2023-07-09 14992518core:PlantMachinery2024-06-30 14992518core:FurnitureFittings2024-06-30 14992518core:ComputerEquipment2024-06-30 14992518core:BetweenOneFiveYears2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14992518 (England and Wales)
Skinportant Limited Unaudited accounts for the period from 10 July 2023 to 30 June 2024
Skinportant Limited Unaudited accounts Contents
Page
- 2 -
Skinportant Limited Company Information for the period from 10 July 2023 to 30 June 2024
Directors
Mrs A Nemeth Mr P Nemeth
Company Number
14992518 (England and Wales)
Registered Office
68 Castle Road Southsea Portsmouth PO5 3AZ
Accountants
P7 Accounting Limited 25 Cutbush Lane Bitterne Southampton SO18 5QP
- 3 -
Skinportant Limited Statement of financial position as at 30 June 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
21,150 
Tangible assets
23,179 
44,329 
Current assets
Inventories
698 
Debtors
3,333 
Cash at bank and in hand
5,234 
9,265 
Creditors: amounts falling due within one year
(7,363)
Net current assets
1,902 
Total assets less current liabilities
46,231 
Creditors: amounts falling due after more than one year
(49,670)
Net liabilities
(3,439)
Capital and reserves
Called up share capital
200 
Profit and loss account
(3,639)
Shareholders' funds
(3,439)
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Mrs A Nemeth Director Company Registration No. 14992518
- 4 -
Skinportant Limited Notes to the Accounts for the period from 10 July 2023 to 30 June 2024
1
Statutory information
Skinportant Limited is a private company, limited by shares, registered in England and Wales, registration number 14992518. The registered office and principal place of business is 68 Castle Road, Southsea, Portsmouth, PO5 3AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised on completion of the service provided.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Straight line
Computer equipment
33% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Skinportant Limited Notes to the Accounts for the period from 10 July 2023 to 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 10 July 2023
- 
Additions
23,500 
At 30 June 2024
23,500 
Amortisation
At 10 July 2023
- 
Charge for the period
2,350 
At 30 June 2024
2,350 
Net book value
At 30 June 2024
21,150 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 10 July 2023
- 
- 
- 
- 
Additions
13,304 
13,743 
1,212 
28,259 
At 30 June 2024
13,304 
13,743 
1,212 
28,259 
Depreciation
Charge for the period
2,661 
2,019 
400 
5,080 
At 30 June 2024
2,661 
2,019 
400 
5,080 
Net book value
At 30 June 2024
10,643 
11,724 
812 
23,179 
6
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
333 
Other debtors
3,000 
3,333 
7
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
1,400 
Trade creditors
2,362 
Taxes and social security
21 
Deferred income
3,580 
7,363 
- 6 -
Skinportant Limited Notes to the Accounts for the period from 10 July 2023 to 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
1,283 
Loans from directors
48,387 
49,670 
9
Operating lease commitments
2024 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,593 
Later than one year and not later than five years
1,327 
2,920 
10
Average number of employees
During the period the average number of employees was 3.
- 7 -