DMC Aesthetics Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10947792

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		61,000		76,989

			61,000		76,989
CURRENT ASSETS
Stocks	5	14,097		16,515
Debtors	6	71,004		71,004

		85,101		87,519
Creditors: Amounts Falling Due Within One Year	7	(90,262 )		(94,415 )

NET CURRENT ASSETS (LIABILITIES)			(5,161 )		(6,896 )

TOTAL ASSETS LESS CURRENT LIABILITIES			55,839		70,093

Creditors: Amounts Falling Due After More Than One Year	8		(668,445 )		(627,445 )

NET LIABILITIES			(612,606 )		(557,352 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(612,706 )		(557,452 )

SHAREHOLDERS' FUNDS			(612,606)		(557,352)

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DMC Aesthetics Ltd

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr Dagmara Chudzik

Director

24/01/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

DMC Aesthetics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10947792 . The registered office is 19 Beauchamp Place, London, SW3 1NQ.

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

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. 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:

Leasehold	10% straight line over the lease term
Plant & Machinery	20% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.

...CONTINUED

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DMC Aesthetics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2023	41,638	79,580	28,425	149,643

As at 30 September 2024	41,638	79,580	28,425	149,643

Depreciation
As at 1 October 2023	23,274	28,649	20,731	72,654
Provided during the period	3,879	10,186	1,924	15,989

As at 30 September 2024	27,153	38,835	22,655	88,643

Net Book Value
As at 30 September 2024	14,485	40,745	5,770	61,000

As at 1 October 2023	18,364	50,931	7,694	76,989

5. Stocks

	2024	2023
	£	£
Finished goods	14,097	16,515

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	6,004	6,004
Due after more than one year
Other debtors	65,000	65,000

	71,004	71,004

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DMC Aesthetics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Bank loans and overdrafts	54,427	63,130
Other taxes and social security	35,834	31,285

	90,262	94,415

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	63,320	73,320
Other creditors	605,125	554,125

	668,445	627,445

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

Details of security provided:

A debenture charge over all assets of the company.

	2024		2023
	£		£
Other Creditors	-		481,500

10. Deferred Taxation

The provision for deferred tax is made up as follows:

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	-	75,152
Later than one year and not later than five years	-	272,638
Later than five years	-	262,708

	-	610,498

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