Defy Time Cosmetics Limited

Defy Time Cosmetics Ltd, based in Swansea, UK, is a small, active company founded fifteen years ago. With four employees and £98,636 in assets, it’s a modest operation led by a single director and owner, Jones Alan Wyn. The company boasts a stellar 5.0 Google rating based on seventeen reviews, indicating high customer satisfaction. It operates in the general medical practice activities industries and functions as an irregular importer, primarily dealing with optical and medical tools and devices, with the last import activity occurring two months ago in May 2021.

The company’s website showcases a cosmetic clinic and medical spa offering a wide range of treatments, from Botox and dermal fillers to laser resurfacing and body contouring. It caters to both dermatological problems and aesthetic enhancements, with a focus on providing personalized care. The website clearly indicates an e-commerce element, allowing customers to book consultations and potentially purchase products online.

Financially, Defy Time Cosmetics Ltd’s recent performance shows some concerning trends. Accumulated depreciation increased by 14%, suggesting investment in equipment, but also a decline in asset value. Bank borrowings decreased by 52%, which is good, but cash reserves increased by 26% to £89,000. Creditors decreased by 52% to £10,000, which could be a sign of better debt management, but the most striking change is the significant increase in deferred tax liabilities by 32% to £5,800. Net assets increased by 47% to £160,000, which is a positive, but the increase in deferred tax liabilities may indicate a need to review tax planning strategies. The company is exempt from an audit as a small company, so the financial data is unaudited.

Overall, Defy Time Cosmetics Ltd appears to be a well-regarded clinic with a strong online presence, but the financial data suggests it’s facing some challenges. It's likely that the company is investing in its business, which is good, but it will need to carefully manage its tax liabilities to ensure long-term financial health.

Registered in England/Wales under the registration number 07253076, with a registered address at SA2 7DZ, Swansea, 466 Gower Road, Killay.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.