REGISTERED NUMBER: |
Absolute Skincare Limited |
Unaudited Financial Statements |
For The Period 1 June 2016 to 30 September 2016 |
REGISTERED NUMBER: |
Absolute Skincare Limited |
Unaudited Financial Statements |
For The Period 1 June 2016 to 30 September 2016 |
Absolute Skincare Limited (Registered number: 07245663) |
Contents of the Financial Statements |
For The Period 1 June 2016 to 30 September 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Absolute Skincare Limited |
Company Information |
For The Period 1 June 2016 to 30 September 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Building 15 |
Gateway 1000 |
Arlington Business Park |
Stevenage |
Hertfordshire |
SG1 2FP |
Absolute Skincare Limited (Registered number: 07245663) |
Balance Sheet |
30 September 2016 |
2016 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges her 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. |
Absolute Skincare Limited (Registered number: 07245663) |
Balance Sheet - continued |
30 September 2016 |
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 |
Absolute Skincare Limited (Registered number: 07245663) |
Notes to the Financial Statements |
For The Period 1 June 2016 to 30 September 2016 |
1. | STATUTORY INFORMATION |
Absolute Skincare Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis. The director Mrs S Jessop believes that |
this is applicable as the company is able to meet all of its day to day working capital requirements using a loan |
from her self. She has confirmed that she will not seek repayment until the company has returned to profitability. |
Turnover |
The turnover shown in the profit and loss account represents goods sold during the year, exclusive of Value |
Added Tax. Income is recognised on despatch. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
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. |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2016 |
Additions |
At 30 September 2016 |
DEPRECIATION |
At 1 June 2016 |
Charge for period |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 31 May 2016 |
Absolute Skincare Limited (Registered number: 07245663) |
Notes to the Financial Statements - continued |
For The Period 1 June 2016 to 30 September 2016 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2016 |
£ | £ |
Other debtors |
VAT |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2016 |
£ | £ |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2016 |
£ | £ |
Other loans - 1-2 years |
Directors' loan accounts | 227,122 | 219,150 |
7. | RELATED PARTY DISCLOSURES |
At the period end the company owed the director Mrs S Jessop £227,122 (2016 - £219,150). |
During the period the company received loans of £1,116 (2016 - £2,000) from The House of Belgravia Limited, |
a company controlled by Mrs S Jessop. At the period end the company owed The House of Belgravia Limited |
£13,000 (2016 - £11,884). |
No further transactions with related parties were undertaken such as are required to be disclosed under the |
Section 1A "Small Entities" of Financial Reporting Standard 102. |
8. | ULTIMATE CONTROLLING PARTY |
The company was under the control of Mrs S Jessop throughout the current and previous year. Mrs S Jessop is |
the only shareholder. |
9. | TRANSITION TO FRS 102 |
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 |
June 2015. |
No transitional adjustments were required in equity or profit or loss for the year. |