Company Registration No. 12985473 (England and Wales)
THE Skin Collective Limited
Unaudited accounts
for the year ended 31 December 2024
THE Skin Collective Limited
Unaudited accounts
Contents
THE Skin Collective Limited
Company Information
for the year ended 31 December 2024
Directors
Mrs A Sagnier
Miss B L Healy
Company Number
12985473 (England and Wales)
Registered Office
250 Chiswick High Road
Chiswick
London
W4 1PD
ENGLAND
THE Skin Collective Limited
Statement of financial position
as at 31 December 2024
Intangible assets
99,190
126,156
Tangible assets
1,621,137
1,904,164
Cash at bank and in hand
1,341,673
678,331
Creditors: amounts falling due within one year
(276,509)
(407,691)
Net current assets
1,507,597
670,295
Total assets less current liabilities
3,227,924
2,700,615
Creditors: amounts falling due after more than one year
(185,073)
(402,780)
Net assets
3,042,851
2,297,835
Called up share capital
993,495
10
Share premium
2,049,995
2,049,995
Profit and loss account
(639)
247,830
Shareholders' funds
3,042,851
2,297,835
For the year ending 31 December 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 8 September 2025 and were signed on its behalf by
Miss B L Healy
Director
Company Registration No. 12985473
THE Skin Collective Limited
Notes to the Accounts
for the year ended 31 December 2024
THE Skin Collective Limited is a private company, limited by shares, registered in England and Wales, registration number 12985473. The registered office is 250 Chiswick High Road, Chiswick, London, W4 1PD, 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.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses
.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Intangibles assets Over 5 years
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
17% straight line
Fixtures & fittings
10% straight line
Computer equipment
20% straight line
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
THE Skin Collective Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
214,754
Charge for the year
35,739
At 31 December 2024
115,564
At 31 December 2024
99,190
At 31 December 2023
126,156
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
932,586
1,594,860
42,376
2,569,822
Additions
4,239
16,842
3,659
24,740
At 31 December 2024
936,825
1,611,702
46,035
2,594,562
At 1 January 2024
308,417
339,151
18,090
665,658
Charge for the year
153,576
145,289
8,902
307,767
At 31 December 2024
461,993
484,440
26,992
973,425
At 31 December 2024
474,832
1,127,262
19,043
1,621,137
At 31 December 2023
624,169
1,255,709
24,286
1,904,164
Amounts falling due within one year
Accrued income and prepayments
89,080
47,313
Other debtors
289,291
291,348
THE Skin Collective Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
46,270
100,694
Trade creditors
67,899
110,735
Taxes and social security
37,645
43,974
Other creditors
8,467
8,241
Loans from directors
179
179
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
185,073
402,780
9
Average number of employees
During the year the average number of employees was 62 (2023: 60).