SKIN FORMATIONS LIMITED


Directors	CAINE, Emma Louise
	CAINE, Jack


Registered Address	Unit 8 Gildersome Nano Park
	Morley
	Leeds
	LS27 7FN


Registered Number	14176136 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		28,896		4,975
			28,896		4,975
Current assets
Stocks		62,500		49,000
Debtors		15,313		3,347
Cash at bank and on hand		38,046		44,125
		115,859		96,472
Creditors amounts falling due within one year	4	(68,331)		(67,661)
Net current assets (liabilities)			47,528		28,811
Total assets less current liabilities			76,424		33,786
Provisions for liabilities	5		(5,490)		(945)
Net assets			70,934		32,841
Capital and reserves
Called up share capital			100		100
Profit and loss account			70,834		32,741
Shareholders' funds			70,934		32,841

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2025, and are signed on its behalf by:

CAINE, Emma Louise
Director
Registered Company No. 14176136

SKIN FORMATIONS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	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 and from the rendering of services.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Fixtures and fittings	15	-
Office Equipment	-	33

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		5

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 July 24	1,684	5,645	7,329
Additions	7,521	23,378	30,899
At 30 June 25	9,205	29,023	38,228
Depreciation and impairment
At 01 July 24	252	2,102	2,354
Charge for year	3,857	3,121	6,978
At 30 June 25	4,109	5,223	9,332
Net book value
At 30 June 25	5,096	23,800	28,896
At 30 June 24	1,432	3,543	4,975

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,200	7,112
Taxation and social security	63,184	34,320
Other creditors	3,366	25,829
Accrued liabilities and deferred income	581	400
Total	68,331	67,661

5.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	5,490	945
Total	5,490	945

6.	Directors advances, credits and guarantees
	Included within creditors: amounts falling due within one year were loans from the directors of £1,952 (2024: £25,675). The loans were interest free, with no fixed date for repayment.