Nuriss Skincare and Wellness Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 9

Nuriss Skincare and Wellness Limited

Balance Sheet

31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	5,511	5,714
Tangible assets	5	86,118	105,408
		91,629	111,122
Current assets
Stocks	6	356,742	241,454
Debtors	7	207,709	246,817
Cash at bank and in hand		56,874	51,186
		621,325	539,457
Creditors: Amounts falling due within one year	8	(368,630)	(379,484)
Net current assets		252,695	159,973
Total assets less current liabilities		344,324	271,095
Creditors: Amounts falling due after more than one year	8	(34,794)	(63,994)
Net assets		309,530	207,101
Capital and reserves
Called up share capital		339	327
Share premium reserve		6,109,922	5,732,160
Profit and loss account		(5,800,731)	(5,525,386)
Shareholders' funds		309,530	207,101

Nuriss Skincare and Wellness Limited

Balance Sheet

31 July 2025

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

......................................... Dr A J Lambert Director

Company Registration Number: 08957318

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Upper Wimpole Street
London
W1G 6LH

These financial statements were authorised for issue by the Board on 8 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The balance sheet shows an excess of liabilities over assets, however the financial statements have been prepared on a going concern basis due to the continued support of the directors and shareholders

Revenue recognition

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

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 transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

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

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:

Asset class	Depreciation method and rate
Plant and machinery	25% Straight line
Fixtures and fittings	25% Straight line
Computer equipment	33% straight line
Leasehold improvement	15% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible Assets	25% Straight Line

Stocks

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 stocks 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 recognised immediately in profit or loss.

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

4	Intangible assets

	Trademarks, patents and licenses  £	Website £	Total £
Cost or valuation
At 1 August 2024	28,950	14,740	43,690
Additions acquired separately	3,405	-	3,405
At 31 July 2025	32,355	14,740	47,095
Amortisation
At 1 August 2024	23,237	14,739	37,976
Amortisation charge	3,607	1	3,608
At 31 July 2025	26,844	14,740	41,584
Carrying amount
At 31 July 2025	5,511	-	5,511
At 31 July 2024	5,713	1	5,714

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2024	73,844	618,297	692,141
Additions	179	15,640	15,819
At 31 July 2025	74,023	633,937	707,960
Depreciation
At 1 August 2024	68,627	518,106	586,733
Charge for the year	2,322	32,787	35,109
At 31 July 2025	70,949	550,893	621,842
Carrying amount
At 31 July 2025	3,074	83,044	86,118
At 31 July 2024	5,217	100,191	105,408

6

Stocks

	2025 £	2024 £
Other inventories	356,742	241,454

7

Debtors

	2025 £	2024 £
Trade debtors	119,042	77,109
Prepayments	38,830	28,061
Other debtors	49,837	141,647
	207,709	246,817

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	77,351	56,627
Trade creditors		105,061	122,762
Share capital and share premium received in advance		2,642	26,418
Taxation and social security		54,564	22,011
Accruals and deferred income		13,885	21,021
Other creditors		115,127	130,645
		368,630	379,484

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	34,794	63,994

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	8,333
Hire purchase contracts	34,794	55,661
	34,794	63,994

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,301	10,000
Hire purchase contracts	22,451	22,451
Other borrowings	46,599	24,176
	77,351	56,627

Nuriss Skincare and Wellness Limited

Notes to the Financial Statements

Year Ended 31 July 2025

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments in respect of operating leases not included in the balance sheet is £226,278 (2024 - £245,824).