REGISTERED NUMBER: 06015418 (England and Wales)

White Room (Health and Beauty) Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P H A Stallibrass

Mrs A Stallibrass

SECRETARY:

P H A Stallibrass

REGISTERED OFFICE:

46 Walton Street

London

SW3 1RB

REGISTERED NUMBER:

06015418 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

84,676

66,896

CURRENT ASSETS

Stocks

354,697

277,557

Debtors

5

36,189

29,751

Cash at bank and in hand

374,497

348,759

765,383

656,067

CREDITORS

Amounts falling due within one year

6

(605,976

)

(469,172

)

NET CURRENT ASSETS

159,407

186,895

TOTAL ASSETS LESS CURRENT LIABILITIES

244,083

253,791

CREDITORS

Amounts falling due after more than one year

7

-

279,436

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

243,983

(25,745

)

SHAREHOLDERS' FUNDS

244,083

(25,645

)

244,083

253,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 22 September 2023 and were signed on its behalf by:

P H A Stallibrass - Director

1.	STATUTORY INFORMATION

White Room (Health and Beauty) Ltd 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.

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.

Turnover

The company derives its income principally from personal training sessions plus beauty treatments and the sale of related products. Income is recognised on an accruals basis over the period of the sessions.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over life of lease

Plant and machinery

-

33% on reducing balance and 25% on reducing balance

Computer equipment

-

25% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Contributions payable to the pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company made a profit before taxation of £324,987 for the year and had net assets of £157,591 at that date.

On the basis that the directors have undertaken not to seek full repayment of their loan and will provide additional support if necessary to meet the company's liabilities as and when they fall due, the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2022

153,347

548,116

701,463

Additions

-

44,908

44,908

At 31 January 2023

153,347

593,024

746,371

DEPRECIATION

At 1 February 2022

143,769

490,798

634,567

Charge for year

2,948

24,180

27,128

At 31 January 2023

146,717

514,978

661,695

NET BOOK VALUE

At 31 January 2023

6,630

78,046

84,676

At 31 January 2022

9,578

57,318

66,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

36,189

29,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

29,240

10,603

Trade creditors

240,295

164,346

Taxation and social security

74,840

31,290

Other creditors

261,601

262,933

605,976

469,172

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

-

10,712

Other creditors

-

268,724

-

279,436

The director, who has provided the loan has undertaken to ensure sufficient funds are maintained by the company for it to meet the liabilities as and when they fall due.

8.	RELATED PARTY DISCLOSURES

A company in which Mr P H A Stallibrass is a shareholder. The amount due to related party at the balance sheet date was £211,537 (2022- £491,552).