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REGISTERED NUMBER: 08318850 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SKIN BY DR CAROLINE LTD

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SKIN BY DR CAROLINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mrs C J Baker





REGISTERED OFFICE: 75 Bradmore Green
Brookmans Park
Hatfield
Hertfordshire
AL9 7QT





REGISTERED NUMBER: 08318850 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,583 15,000
Tangible assets 5 143,025 112,150
189,608 127,150

CURRENT ASSETS
Stocks 29,000 25,000
Debtors 6 17,934 5,000
Cash at bank 49,639 87,770
96,573 117,770
CREDITORS
Amounts falling due within one
year

7

47,852

35,334
NET CURRENT ASSETS 48,721 82,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,329

209,586

CREDITORS
Amounts falling due after more
than one year

8

(119,059

)

(67,017

)

PROVISIONS FOR LIABILITIES (19,873 ) (19,053 )
NET ASSETS 99,397 123,516

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,297 123,416
99,397 123,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st April 2025 and were signed by:





Mrs C J Baker - Director


SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Skin By Dr Caroline Ltd is a private company, limited by shares , registered in England and Wales. 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 2023, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024 16,667
Additions 35,000
At 31st December 2024 51,667
AMORTISATION
At 1st January 2024 1,667
Charge for year 3,417
At 31st December 2024 5,084
NET BOOK VALUE
At 31st December 2024 46,583
At 31st December 2023 15,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st January 2024 17,652 141,251 67,136
Additions 3,074 21,233 614
At 31st December 2024 20,726 162,484 67,750
DEPRECIATION
At 1st January 2024 11,936 85,081 61,018
Charge for year 1,941 18,855 1,579
At 31st December 2024 13,877 103,936 62,597
NET BOOK VALUE
At 31st December 2024 6,849 58,548 5,153
At 31st December 2023 5,716 56,170 6,118

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 47,990 1,307 275,336
Additions 44,990 - 69,911
At 31st December 2024 92,980 1,307 345,247
DEPRECIATION
At 1st January 2024 4,999 152 163,186
Charge for year 16,372 289 39,036
At 31st December 2024 21,371 441 202,222
NET BOOK VALUE
At 31st December 2024 71,609 866 143,025
At 31st December 2023 42,991 1,155 112,150

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st January 2024 47,990
Additions 44,990
At 31st December 2024 92,980
DEPRECIATION
At 1st January 2024 4,999
Charge for year 16,372
At 31st December 2024 21,371
NET BOOK VALUE
At 31st December 2024 71,609
At 31st December 2023 42,991

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 49 -
Corporation tax 4,600 -
Prepayments and accrued income 13,285 5,000
17,934 5,000

SKIN BY DR CAROLINE LTD (REGISTERED NUMBER: 08318850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,623 3,324
Hire purchase contracts (see note 9)
24,504

14,005
Trade creditors 111 171
Corporation tax - 4,600
VAT 19,414 13,134
Other creditors 200 100
47,852 35,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 43,377 24,378
Hire purchase contracts (see note 9)
75,682

42,639
119,059 67,017

9. LEASING AGREEMENTS

As at the balance sheet date, the company had commitments under non-cancellable operating leases, not provided for in the financial statements, totalling £95,167 (2023 - £83,167).