Skin Excellence Clinics Ltd Accounts

SKIN EXCELLENCE CLINICS LTD - Company Information






Skin Excellence Clinics Ltd
	Company No. 10933314
		Information for Filing with The Registrar
		31 January 2021

The Director presents his report and the accounts for the year ended 31 January 2021.

Principal activities
The principal activity of the company during the year under review was specialist medical practice.




Director

The Director who served at any time during the year was as follows:

I. Strawford



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

I. Strawford
Director
19 July 2021

at	31 January 2021
Company No.		10933314	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		3	140,294	141,460


				140,294	141,460
Current assets
	Stocks		4	11,500	17,125
	Debtors		5	201,248	129,046

	Cash at bank and in hand			86,820	13,431
				299,568	159,602
Creditors: Amount falling due within one year			6	(70,130)	(69,936)
Net current assets				229,438	89,666
Total assets less current liabilities				369,732	231,126
Creditors: Amounts falling due after more than one year			7	(114,078)	(54,467)
Provisions for liabilities
	Deferred taxation		8	(25,084)	(24,961)

Net assets				230,570	151,698

Capital and reserves
	Called up share capital			400	400



	Profit and loss account		9	230,170	151,298

Total equity				230,570	151,698


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2021 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 July 2021
And signed on its behalf by:
I. Strawford
Director

for the year ended 31 January 2021

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

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 profit and loss account 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.

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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

20% Reducing balance

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

20% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

2	Employees
			2021	2020
			Number	Number
		The average number of persons employed during the year :	3	2

3	Tangible fixed assets
			Land and buildings	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£	£
		Cost or revaluation
		At 1 February 2020	82,758	3,650	15,000	65,103	166,511
		Additions	-	8,205	-	22,757	30,962



		At 31 January 2021	82,758	11,855	15,000	87,860	197,473
		Depreciation
		At 1 February 2020	8,411	896	4,688	11,056	25,051
		Charge for the year	14,869	1,372	2,578	13,309	32,128



		At 31 January 2021	23,280	2,268	7,266	24,365	57,179
		Net book values
		At 31 January 2021	59,478	9,587	7,734	63,495	140,294
		At 31 January 2020	74,347	2,754	10,312	54,047	141,460

4	Stocks
			2021	2020
			£	£
		Raw materials and consumables	11,500	17,125


			11,500	17,125

5	Debtors
			2021	2020
			£	£


		Corporation tax recoverable	46,559	28,400

		VAT recoverable	1,192	1,192
		Loans to directors	143,259	98,720
		Other debtors	2,988	-
		Prepayments and accrued income	7,250	734
			201,248	129,046

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£

		Bank loans and overdrafts	8,889	-
		Other loans	8,828	17,778

		Trade creditors	13,207	2,384

		Corporation tax	36,537	30,505
		Other taxes and social security	896	1,649
		Loans from directors	-	16,589
		Other creditors	373	330
		Accruals and deferred income	1,400	701
			70,130	69,936

7	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£


		Other loans	114,078	54,467





			114,078	54,467

8	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 February 2020	24,961	24,961
		Charge to the profit and loss account for the period	123	123

		At 31 January 2021	25,084	25,084



			2021	2020
			£	£
		Accelerated capital allowances	25,084	24,961



			25,084	24,961

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

10	Dividends
			2021	2020
			£	£
		Dividends for the period:
		Dividends paid in the period	-	14,000

			-	14,000

		Dividends by type:

		Equity dividends	-	14,000
			-	14,000

11	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 February 2020	Advanced	Repaid	At 31 January 2021
				£	£	£	£
		I. Strawford	Directors loan account	98,720	45,711	(1,172)	143,259







































				98,720	45,711	(1,172)	143,259

12	Related party disclosures
					2021	2020
		Transactions with related parties			£	£

		Name of related party	Avalon Medical Services
		Description of relationship between the parties	Business owned by Dr Strawford

		Amount due from/(to) the related party			8,647	(16,589)













































































































































































































































































































































		Controlling party
		Immediate controlling party		Dr Ian Strawford

Additional information

Its registered number is:

10933314

Its registered office is:

First Floor

4 The Crescent

Plymouth

PL1 3AB

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