PBO Skincare Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. Accounting Policies

1.1. 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.

1.2. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and

assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and future periods where the revision affects both current and future periods.

1.3. 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.

1.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

1.5. 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:

Fixtures & Fittings	33.33 % SLM
Computer Equipment	33.33 % SLM

1.6. 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.

1.7. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other

Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

...CONTINUED

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PBO Skincare Ltd

Notes to the Financial Statements (continued)

For The Year Ended 20 August 2025

1.7. Financial Instruments - continued

amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that

are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

1.8. Taxation

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

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 years 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.

1.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

1.10. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 11 (2024: 6)

3. Intangible Assets

	Development Costs
	£
Cost
As at 21 August 2024	-
Additions	67,498

As at 20 August 2025	67,498

Net Book Value
As at 20 August 2025	67,498

As at 21 August 2024	-

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PBO Skincare Ltd

Notes to the Financial Statements (continued)

For The Year Ended 20 August 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 21 August 2024	277	6,877	7,154
Additions	5,354	9,957	15,311

As at 20 August 2025	5,631	16,834	22,465

Depreciation
As at 21 August 2024	31	2,731	2,762
Provided during the period	575	3,388	3,963

As at 20 August 2025	606	6,119	6,725

Net Book Value
As at 20 August 2025	5,025	10,715	15,740

As at 21 August 2024	246	4,146	4,392

5. Stocks

	2025	2024
	£	£
Stock	296,923	467,264

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,108,763	533,068
Prepayments and accrued income	191,794	44,668
Amazon holding account	(4,136 )	9,267
Tiktok holding account	1,000	-
Intercompany - PBO Skincare (US) Inc	1,274,440	-
Loan to CMG SEF Trading	-	116,558

	2,571,861	703,561

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	839,117	504,372
Corporation tax	260,253	188,331
PAYE control account	18,929	13,648
VAT	113,774	140,120
Wages and salaries control account	-	180
Accruals	532,135	381,606
Pension control account	1,782	1,123
Amex - Miss S Faires	-	(119 )
Amex - Miss S Power	4,794	1,092

...CONTINUED

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PBO Skincare Ltd

Notes to the Financial Statements (continued)

For The Year Ended 20 August 2025

Amex - Rachael White	-	2,225
Amex - J Bailey Charge Card - 50	-	101,743
Amex - Sam Faires	1,868	-
Ames - J Bailey - 6008	122,913	-
Amex - Clare Skyme	6,324	-
Deferred income	31,073	-

	1,932,962	1,334,321

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

	2025	2024
	£	£
Loan - Velocity	724,742	-
YL Shopify Loan	539,263	86,995
Other creditors	338,219	191,240

	1,602,224	278,235

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. General Information

PBO Skincare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11140413 . The registered office is C/O Contego Media Group St Augustines Court, St Augustines Place, Bristol, BS1 4XP.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	3		67,498		-
Tangible Assets	4		15,740		4,392

			83,238		4,392
CURRENT ASSETS
Stocks	5	296,923		467,264
Debtors	6	2,571,861		703,561
Cash at bank and in hand		667,403		515,310

		3,536,187		1,686,135
Creditors: Amounts Falling Due Within One Year	7	(1,932,962 )		(1,334,321 )

NET CURRENT ASSETS (LIABILITIES)			1,603,225		351,814

TOTAL ASSETS LESS CURRENT LIABILITIES			1,686,463		356,206

Creditors: Amounts Falling Due After More Than One Year	8		(1,602,224 )		(278,235 )

NET ASSETS			84,239		77,971

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			84,139		77,871

SHAREHOLDERS' FUNDS			84,239		77,971