Company Registration No. 11020779 (England and Wales)
SKIN IN MOTION LTD
Unaudited accounts
for the year ended 31 October 2024
SKIN IN MOTION LTD
Unaudited accounts
Contents
SKIN IN MOTION LTD
Company Information
for the year ended 31 October 2024
Directors
Amanda Louise Harrington
Sophia Lahlou
Georgina Anne Elizabeth Mills
Company Number
11020779 (England and Wales)
Registered Office
85 Great Portland Street
1st Floor
London
W1W 7LT
England
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
SKIN IN MOTION LTD
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
11,406
23,702
Creditors: amounts falling due within one year
(236,300)
(206,706)
Net current liabilities
(185,761)
(152,460)
Total assets less current liabilities
(185,761)
(152,460)
Creditors: amounts falling due after more than one year
(12,239)
(21,242)
Net liabilities
(198,000)
(173,702)
Called up share capital
467
468
Share premium
230,926
230,926
Profit and loss account
(429,393)
(405,096)
Shareholders' funds
(198,000)
(173,702)
For the year ending 31 October 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 29 July 2025 and were signed on its behalf by
Georgina Anne Elizabeth Mills
Director
Company Registration No. 11020779
SKIN IN MOTION LTD
Notes to the Accounts
for the year ended 31 October 2024
SKIN IN MOTION LTD is a private company, limited by shares, registered in England and Wales, registration number 11020779. The registered office is 85 Great Portland Street, 1st Floor, London, W1W 7LT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
Finished goods
34,437
20,613
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
Assessment has been made at the end of the reporting period as to whether any inventories are impaired.
No impairment has been identified.
Amounts falling due within one year
SKIN IN MOTION LTD
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
-
Trade creditors
11,555
20,943
Taxes and social security
439
346
Other creditors
21,845
46,642
Loans from directors
186,453
132,923
£10,000 relates to the Bounce Back Loan and 3,000 relates to a revolving credit facility account. £20,000 relates to an interest free loan by a shareholder repayable on demand.
7
Creditors: amounts falling due after more than one year
2024
2023
£12,239 relates to the Bounce Back Loan. Interest is charged at 2.5%.
8
Transactions with related parties
A £20,000 is an interest free loan by a related party shareholder repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).