Company Registration No. 08417330 (England and Wales)
MY SKIN CLINIC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
MY SKIN CLINIC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MY SKIN CLINIC LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,326
819
Current assets
Debtors
441
-
Cash at bank and in hand
1,266
8,356
1,707
8,356
Creditors: amounts falling due within one year
(11,673)
(7,614)
Net current liabilities/(assets)
(9,966)
742
Total assets less current liabilities
(8,640)
1,561
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(8,641)
1,560
Shareholder's funds
(8,640)
1,561
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 November 2016
Dr Z Ullah
Director
Company Registration No. 08417330
MY SKIN CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
During the year the company has made a loss of £10,201 (2015: £1,560 profit) and has a net deficit on reserves of £8,641 (2015: £1,560 net surplus). The director has agreed to provide continuing support to enable the company to meet its obligations as and when they fall due. The director has therefore considered it to be appropriate to prepare these accounts on going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
1,024
Additions
890
At 29 February 2016
1,914
Depreciation
At 1 March 2015
205
Charge for the year
383
At 29 February 2016
588
Net book value
At 29 February 2016
1,326
At 28 February 2015
819
MY SKIN CLINIC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1