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Company Registration No. 14568581 (England and Wales)
Own Label Skincare Limited Unaudited accounts for the year ended 31 January 2025
Own Label Skincare Limited Unaudited accounts Contents
Page
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Own Label Skincare Limited Company Information for the year ended 31 January 2025
Directors
Llewelyn Vucasin Thomas Lana Thomas
Company Number
14568581 (England and Wales)
Registered Office
Unit 2 9 Mode Wheel Road Salford, Manchester Lancashire M5 5DQ United Kingdom
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Own Label Skincare Limited Accountants' report
Accountants' report to the board of directors of Own Label Skincare Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Own Label Skincare Limited for the year ended 31 January 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Own Label Skincare Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Own Label Skincare Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Own Label Skincare Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Own Label Skincare Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Own Label Skincare Limited. You consider that Own Label Skincare Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Own Label Skincare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense 203 West Street Fareham Hants PO16 0EN 26 March 2025
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Own Label Skincare Limited Statement of financial position as at 31 January 2025
2025 
Notes
£ 
Fixed assets
Intangible assets
640 
Tangible assets
2,960 
3,600 
Current assets
Inventories
35,000 
Debtors
8,919 
Cash at bank and in hand
6,090 
50,009 
Creditors: amounts falling due within one year
(100,309)
Net current liabilities
(50,300)
Net liabilities
(46,700)
Capital and reserves
Called up share capital
1 
Capital contribution reserve
10,946 
Profit and loss account
(57,647)
Shareholders' funds
(46,700)
For the year ending 31 January 2025 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 26 March 2025 and were signed on its behalf by
Llewelyn Vucasin Thomas Director Company Registration No. 14568581
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Own Label Skincare Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Own Label Skincare Limited is a private company, limited by shares, registered in England and Wales, registration number 14568581. The registered office is Unit 2 9 Mode Wheel Road, Salford, Manchester, Lancashire, M5 5DQ, United Kingdom.
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 remained unchanged from the previous year, and also 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.
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
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 10% Straight Line
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2024
800 
At 31 January 2025
800 
Amortisation
At 1 February 2024
80 
Charge for the year
80 
At 31 January 2025
160 
Net book value
At 31 January 2025
640 
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Own Label Skincare Limited Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2024
5,295 
At 31 January 2025
5,295 
Depreciation
At 1 February 2024
1,348 
Charge for the year
987 
At 31 January 2025
2,335 
Net book value
At 31 January 2025
2,960 
6
Debtors
2025 
£ 
Amounts falling due within one year
Trade debtors
6,320 
Other debtors
2,599 
8,919 
7
Creditors: amounts falling due within one year
2025 
£ 
Bank loans and overdrafts
32,129 
VAT
7,812 
Taxes and social security
15,362 
Other creditors
9,942 
Loans from directors
33,711 
Accruals
1,353 
100,309 
8
Share capital
2025 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Llewelyn Vucasin Thomas
Director Loan Account
(14,711)
(33,777)
(14,778)
(33,710)
(14,711)
(33,777)
(14,778)
(33,710)
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Own Label Skincare Limited Notes to the Accounts for the year ended 31 January 2025
10
Average number of employees
During the year the average number of employees was 4.
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