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REGISTERED NUMBER: 03220781 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED

BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: C J Wilson
D Mangham
M Tillotson



SECRETARY: C J Wilson



REGISTERED OFFICE: Woodland House
Clayton Wood Close
West Park
Leeds
LS16 6QE



REGISTERED NUMBER: 03220781 (England and Wales)



SENIOR STATUTORY AUDITOR: David Stansfield



AUDITORS: Sedulo Audit Limited
Statutory Auditors
Regency Court
62-66 Deansgate
Manchester
M3 2EN

BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 16,913
Tangible assets 5 59,521 71,789
59,521 88,702

CURRENT ASSETS
Stocks 546,684 602,527
Debtors 6 295,063 210,035
Cash at bank and in hand 275,343 218,348
1,117,090 1,030,910
CREDITORS
Amounts falling due within one year 7 570,189 759,863
NET CURRENT ASSETS 546,901 271,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,422

359,749

PROVISIONS FOR LIABILITIES 3,960 9,547
NET ASSETS 602,462 350,202

CAPITAL AND RESERVES
Called up share capital 9 286,964 286,964
Share premium 16,693 16,693
Retained earnings 298,805 46,545
SHAREHOLDERS' FUNDS 602,462 350,202

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:




C J Wilson - Director



D Mangham - Director


BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Beauty Leisure Industry Supplies and Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of mail order of goods to the beauty and leisure industry.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of signing these accounts the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.


BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2020 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 January 2021
and 31 December 2021 47,680
AMORTISATION
At 1 January 2021 30,767
Amortisation for year 16,913
At 31 December 2021 47,680
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 16,913

BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 26,155 92,321 12,200 34,045 164,721
Additions - 6,698 - - 6,698
Disposals (1,392 ) - - (11,666 ) (13,058 )
At 31 December 2021 24,763 99,019 12,200 22,379 158,361
DEPRECIATION
At 1 January 2021 19,976 35,413 11,600 25,943 92,932
Charge for year 1,780 9,084 - 8,102 18,966
Eliminated on disposal (1,392 ) - - (11,666 ) (13,058 )
At 31 December 2021 20,364 44,497 11,600 22,379 98,840
NET BOOK VALUE
At 31 December 2021 4,399 54,522 600 - 59,521
At 31 December 2020 6,179 56,908 600 8,102 71,789

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 254,628 194,349
Other debtors 40,435 15,686
295,063 210,035

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 132,380 289,693
Taxation and social security 104,742 82,255
Other creditors 333,067 387,915
570,189 759,863

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 82,525 82,525
Between one and five years 214,520 297,045
297,045 379,570

BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED (REGISTERED NUMBER: 03220781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
286,964 Ordinary £1 286,964 286,964

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Stansfield (Senior Statutory Auditor)
for and on behalf of Sedulo Audit Limited

11. RELATED PARTY DISCLOSURES

During the year the company paid rent amounting to £75,000 (2020: £28,870) to Identical Holdings Limited, a company under common control.

At 31 December 2021 the company owed £nil (2020: £83,334) to The Maxwell James Wilson Discretionary Settlement 2019, a former shareholder.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the shareholders of Beauty Leisure Industry Supplies and Services Holdings Limited, the company's ultimate parent undertaking.