Cosmetix Limited - Accounts to registrar (filleted) - small 17.3
Cosmetix Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017 |
| FOR |
| COSMETIX LIMITED |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| COSMETIX LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Harpal House |
| 14 Holyhead Road |
| Handsworth |
| Birmingham |
| West Midlands |
| B21 0LT |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| BALANCE SHEET |
| 30 APRIL 2017 |
| 30/4/17 | 30/4/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| BALANCE SHEET - continued |
| 30 APRIL 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 1. | STATUTORY INFORMATION |
| Cosmetix Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Long | to | and |
| leasehold | property | fittings |
| £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 4. | STOCKS |
| 30/4/17 | 30/4/16 |
| £ | £ |
| Stocks |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/17 | 30/4/16 |
| £ | £ |
| Other debtors |
| Associated companies a/c | 155,730 | 36,701 |
| Rent deposit | 20,000 | 20,000 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/17 | 30/4/16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 30/4/17 | 30/4/16 |
| £ | £ |
| Deferred tax | 78,261 | 78,261 |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2016 |
| Capital Allowances |
| Balance at 30 April 2017 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/4/17 | 30/4/16 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 May 2016 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 April 2017 |
| COSMETIX LIMITED (REGISTERED NUMBER: 08483381) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2017 |
| 10. | RELATED PARTY DISCLOSURES |
| a) During the year, the total dividends of £25,750 (2016: 40,000) were paid to the directors. |
| b) During the year the company entered into the transactions with Dex Trading Ltd (Co Reg 03504723), a |
| company in which Mr. Tarlochan Singh is both a director and 50% shareholder. Dex Trading Ltd made a rental |
| charge to Cosmetix Limited for the sum of £NIL (2016: £24,000) during the year. This amount is included on |
| the profit & loss account as rent. |
| c) The total amount outstanding to Dex Trading Ltd at the year end was £6,000 (2016: £67,651) and shown |
| under associated companies balance. |
| d) During the year, the company entered into the transactions with Dex Jeans Ltd (Co Reg 06887396), a |
| company in which Mr Tarlochan Singh is both a director and 17% shareholder. The total amount due from Dex |
| Jeans Ltd was £68,565 (2016: £55,182) and shown under associated companies balance. |
| e) During the year the subsidiary company Cosmetiix Limited (Co Reg 09967987) issued a dividend of £85,987 |
| to it's parent Cosmetix Limited. |