1.
General Information
Elementary Skin & Body Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
09477759
. The registered office is Avaland House, 110 London Road, Hemel Hempstead, Hertfordshire, HP3 9SD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
At 31 March 2025 the company had net liabilities of £68,155 (FY2024: £57,492). The amounts owed to the director at that date were £42,219 (FY2024: £28,816) and the director has agreed not to seek repayment until funds allow.
The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise and to reclassify fixed assets as current assets.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
2.6.
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 stocks.
2.7.
Pensions
The company contributes towards employees defined contribution pension schemes. Contributions payable to employees' pension schemes are charged to the profit or loss in the period to which they relate.
Elementary Skin & Body Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Minimum lease payments under non-cancellable operating leases fall due as follows:
|
2025
|
2024
|
|
|
£
|
£
|
|
|
Within one year
|
44,708
|
48,439
|
|
Between one and five years
|
43,860
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|
88,568
|
|
88,568
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
137,008
|
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 April 2024 |
|
||
| As at 31 March 2025 |
|
||
| Amortisation | |||
| As at 1 April 2024 |
|
||
| As at 31 March 2025 |
|
||
| Net Book Value | |||
| As at 31 March 2025 |
|
||
| As at 1 April 2024 |
|
||
Elementary Skin & Body Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at 1 April 2024 |
|
| Additions |
|
| As at 31 March 2025 |
|
| Depreciation | |
| As at 1 April 2024 |
|
| Provided during the period |
|
| As at 31 March 2025 |
|
| Net Book Value | |
| As at 31 March 2025 |
|
| As at 1 April 2024 |
|
6.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
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| Other debtors |
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8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
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| Bank loans and overdrafts |
|
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| Other taxes and social security |
|
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| VAT |
|
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...CONTINUED
Elementary Skin & Body Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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