DAISYFACE SKINCARE LTD


Directors	Mark Hackner
	Daisy Schaffer
	Stephen Schaffer


Registered Address	Unit 3, Upp Hall Farm
	Salmons Lane
	Colchester
	CO6 1RY


Registered Number	14152397 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	31 Dec 2024		30 Jun 2023
		£	£	£	£
Fixed assets
Intangible assets	3		101,098		59,367
Tangible assets	4		68,192		-
			169,290		59,367
Current assets
Stocks	5	65,073		-
Debtors	6	10,142		1,487
Cash at bank and on hand		4,057		1,230
		79,272		2,717
Creditors amounts falling due within one year	7	(52,784)		(78,843)
Net current assets (liabilities)			26,488		(76,126)
Total assets less current liabilities			195,778		(16,759)
Net assets			195,778		(16,759)
Capital and reserves
Called up share capital			136		100
Share premium			333,965		-
Profit and loss account			(138,323)		(16,859)
Shareholders' funds			195,778		(16,759)

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2025, and are signed on its behalf by:

Stephen Schaffer
Director
Registered Company No. 14152397

DAISYFACE SKINCARE LTD

Notes to the Financial Statements
for the period ended 31 December 2024

1.	Accounting policies

	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.

	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 policy
	Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in the profit and loss account and is charged so as to write off the cost of assets, over their estimated useful lives, as follows: Development and design costs - straight line over 5 years Website costs - straight line over 5 years Trademarks - straight line over 10 years

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. 
The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. 
Amortisation is included in the profit and loss account and is charged so as to write off the cost of assets, over their estimated useful lives, as follows:
Development and design costs - straight line over 5 years
Website costs - straight line over 5 years
Trademarks - straight line over 10 years

	Tangible fixed assets and depreciation
	Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tangible fixed assets and depreciation

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:


		Straight line (years)
	Plant and machinery	5
	Office Equipment	3

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognized immediately in profit or loss

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognized immediately in profit or loss

	Trade and other debtors
	Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 July 23	67,395
	Additions	82,372
	Disposals	(18,615)
	At 31 December 24	131,152
	Amortisation and impairment
	At 01 July 23	8,029
	Charge for year	22,025
	At 31 December 24	30,054
	Net book value
	At 31 December 24	101,098
	At 30 June 23	59,367

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	Additions	86,996
	At 31 December 24	86,996
	Depreciation and impairment
	Charge for year	18,804
	At 31 December 24	18,804
	Net book value
	At 31 December 24	68,192
	At 30 June 23	-

5.	Stocks

	2024	2023
	£	£
Other stocks	65,073	-
Total	65,073	-

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	9,262	1,487
Prepayments and accrued income	880	-
Total	10,142	1,487

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	46,473	12,615
Other creditors	4,311	65,229
Accrued liabilities and deferred income	2,000	999
Total	52,784	78,843

8.	Share capital
	The company has issued share capital of 13,550 ordinary shares of £0.01 each. The company had issued share capital of 100 ordinary shares of £1 each in the previous year. During the year the company sub-divided the 100 ordinary £1 shares into 10,000 £0.01 shares. The company then issued 3,550 new £0.01 shares at a premium.