ACCOUNTS - Final Accounts

Registered number: 07242752

SKINETIX LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

SKINETIX LIMITED

COMPANY INFORMATION

Directors	S J Bashir
	A L Chew


Registered number	07242752


Registered office	1st Floor Sackville House
	143-149 Fenchurch Street
	London
	EC3M 6BL

SKINETIX LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 3

SKINETIX LIMITED

REGISTERED NUMBER: 07242752

BALANCE SHEET

AS AT 30 APRIL 2025


		2025		2024
		£		£


Fixed assets		59,736		79,648
Current assets	1,145,070		1,132,938
Creditors: amounts falling due within one year	(159,951)		(252,620)
NET CURRENT ASSETS		985,119		880,318
Creditors: amounts falling due after more than one year		(31,391)		(48,463)

NET ASSETS		1,013,464		911,503


CAPITAL AND RESERVES	1,013,464	911,503

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 in accordance with the provisions applicable to entities subject to the micro-entities' regime in Part 15 of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the micro-entities regime.

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

The Company has opted not to file the Directors' Report and Profit and Loss Account in accordance with the provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 April 2026.

S J Bashir

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

SKINETIX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

Skinetix Limited (company number: 07242752), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Statement of Cash Flows

These accounts are prepared in accordance with Financial Reporting Standard 105 and therefore the company is not required to produce a Statement of Cash Flow.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

SKINETIX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	25%	Reducing Balance
Motor vehicles	-	25%	Reducing Balance
Office equipment	-	25%	Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

2.5

Taxation

Tax is recognised in the Profit and Loss Account. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the by the Balance Sheet date in the United Kingdom where the Company operates and generates income.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Directors	2	2

Page 3