Registered number
14040108
Real Great Skin Limited
Unaudited Filleted Accounts
31 March 2025
Real Great Skin Limited
Registered number: 14040108
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 706 1,161
Current assets
Stocks 39,199 28,257
Debtors 4 5,190 10,053
Cash at bank and in hand 9,704 6,761
54,093 45,071
Creditors: amounts falling due within one year 5 (6,956) (8,582)
Net current assets 47,137 36,489
Total assets less current liabilities 47,843 37,650
Provisions for liabilities (134) (221)
Net assets 47,709 37,429
Capital and reserves
Called up share capital 100 2
Profit and loss account 47,609 37,427
Shareholders' funds 47,709 37,429
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Katrina Headon
Director
Approved by the board on 9 June 2025
Real Great Skin Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% straight line
Computer equipment 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Computer equipment Total
£ £ £
Cost
At 1 April 2024 335 1,823 2,158
Additions 113 - 113
At 31 March 2025 448 1,823 2,271
Depreciation
At 1 April 2024 83 914 997
Charge for the year 111 457 568
At 31 March 2025 194 1,371 1,565
Net book value
At 31 March 2025 254 452 706
At 31 March 2024 252 909 1,161
4 Debtors 2025 2024
£ £
Trade debtors 4,997 8,781
Other debtors 193 1,272
5,190 10,053
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 5,763 6,395
Other creditors 1,193 2,187
6,956 8,582
Included in other creditors is the balance on Katrina Headon's director's account of £52 (2024 £1,260) and on Carl Harrison's director's account of £526 (2024 £312).
6 Other information
Real Great Skin Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 The Street
Mortimer
Reading
Berkshire
RG7 3PB
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