Company registration number SC379228 (Scotland)
COSMETIC TRANSFORMATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
COSMETIC TRANSFORMATIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
COSMETIC TRANSFORMATIONS LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
442,092
237,477
Current assets
Debtors
4
435,451
16,209
Cash at bank and in hand
506,458
1,103,941
941,909
1,120,150
Creditors: amounts falling due within one year
5
(1,095,562)
(825,229)
Net current (liabilities)/assets
(153,653)
294,921
Total assets less current liabilities
288,439
532,398
Creditors: amounts falling due after more than one year
6
-
(24,796)
Provisions for liabilities
(56,461)
(33,948)
Net assets
231,978
473,654
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
231,977
473,653
Total equity
231,978
473,654
COSMETIC TRANSFORMATIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 October 2025 and are signed on its behalf by:
Dr M J Skimming
Director
Company registration number SC379228 (Scotland)
COSMETIC TRANSFORMATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

Cosmetic Transformations Limited is a private company limited by shares incorporated in Scotland. The registered office is 6th, Floor Gordon Chambers, 90 Mitchell Street, Glasgow, United Kingdom, G1 3NQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Leasehold improvements
20% on a straight line basis
Plant and equipment
10% on a straight line basis
Fixtures and fittings
25% on reducing balance basis
Computers
33% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

COSMETIC TRANSFORMATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
21
21
COSMETIC TRANSFORMATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
125,758
472,860
598,618
Additions
147,129
142,418
289,547
At 31 May 2025
272,887
615,278
888,165
Depreciation and impairment
At 1 June 2024
17,537
343,604
361,141
Depreciation charged in the year
45,552
39,380
84,932
At 31 May 2025
63,089
382,984
446,073
Carrying amount
At 31 May 2025
209,798
232,294
442,092
At 31 May 2024
108,221
129,256
237,477
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
21,233
-
0
Other debtors
414,218
16,209
435,451
16,209
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
43,126
44,612
Trade creditors
91,384
-
0
Corporation tax
-
0
287,757
Other taxation and social security
21,622
18,980
Other creditors
939,430
473,880
1,095,562
825,229
COSMETIC TRANSFORMATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
20,000
Other creditors
-
0
4,796
-
0
24,796
2025-05-31 2024-06-01 false false false CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr M J Skimming Ms L Wilson SC379228 2024-06-01 2025-05-31 SC379228 2025-05-31 SC379228 2024-05-31 SC379228 core:LandBuildings 2025-05-31 SC379228 core:OtherPropertyPlantEquipment 2025-05-31 SC379228 core:LandBuildings 2024-05-31 SC379228 core:OtherPropertyPlantEquipment 2024-05-31 SC379228 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 SC379228 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 SC379228 core:ShareCapital 2025-05-31 SC379228 core:ShareCapital 2024-05-31 SC379228 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC379228 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC379228 bus:Director1 2024-06-01 2025-05-31 SC379228 core:LeaseholdImprovements 2024-06-01 2025-05-31 SC379228 core:PlantMachinery 2024-06-01 2025-05-31 SC379228 core:FurnitureFittings 2024-06-01 2025-05-31 SC379228 core:ComputerEquipment 2024-06-01 2025-05-31 SC379228 2023-06-01 2024-05-31 SC379228 core:LandBuildings 2024-05-31 SC379228 core:OtherPropertyPlantEquipment 2024-05-31 SC379228 2024-05-31 SC379228 core:LandBuildings 2024-06-01 2025-05-31 SC379228 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 SC379228 core:CurrentFinancialInstruments 2025-05-31 SC379228 core:CurrentFinancialInstruments 2024-05-31 SC379228 core:WithinOneYear 2025-05-31 SC379228 core:WithinOneYear 2024-05-31 SC379228 core:Non-currentFinancialInstruments 2025-05-31 SC379228 core:Non-currentFinancialInstruments 2024-05-31 SC379228 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC379228 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC379228 bus:FRS102 2024-06-01 2025-05-31 SC379228 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC379228 bus:Director2 2024-06-01 2025-05-31 SC379228 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP