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REGISTERED NUMBER: 03220781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEAUTY LEISURE INDUSTRY SUPPLIES
AND SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







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)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

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

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,201 69,210
70,201 69,210

CURRENT ASSETS
Stocks 723,391 953,726
Debtors 6 1,051,578 299,819
Cash at bank and in hand 316,165 377,863
2,091,134 1,631,408
CREDITORS
Amounts falling due within one year 7 557,507 619,988
NET CURRENT ASSETS 1,533,627 1,011,420
TOTAL ASSETS LESS CURRENT LIABILITIES 1,603,828 1,080,630

CAPITAL AND RESERVES
Called up share capital 9 286,965 286,965
Share premium 16,693 16,693
Retained earnings 1,300,170 776,972
SHAREHOLDERS' FUNDS 1,603,828 1,080,630

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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.

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

BALANCE SHEET - continued
31 DECEMBER 2023


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 8 February 2024 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 2023


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 Pounds Sterling (£), which is the functional and presentational 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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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 11 (2022 - 11 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Website
costs
£   
COST
At 1 January 2023
and 31 December 2023 47,680
AMORTISATION
At 1 January 2023
and 31 December 2023 47,680
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 29,809 100,309 12,200 33,765 176,083
Additions 4,500 10,288 - 750 15,538
Disposals - - (12,200 ) - (12,200 )
At 31 December 2023 34,309 110,597 - 34,515 179,421
DEPRECIATION
At 1 January 2023 18,758 52,820 11,600 23,695 106,873
Charge for year 2,782 7,349 (11,600 ) 3,816 2,347
At 31 December 2023 21,540 60,169 - 27,511 109,220
NET BOOK VALUE
At 31 December 2023 12,769 50,428 - 7,004 70,201
At 31 December 2022 11,051 47,489 600 10,070 69,210

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 225,195 237,248
Other debtors 826,383 62,571
1,051,578 299,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 23,504 296,382
Taxation and social security 243,193 155,977
Other creditors 290,810 167,629
557,507 619,988

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Between one and five years 147,045 222,045

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
286,965 Ordinary £1 286,965 286,965

10. RELATED PARTY DISCLOSURES

During the year the Company paid rent amounting to £75,000 (2022: £75,000) to Identical Holdings Limited, a Company under common control.

Included within other debtors is a loan to Identical Holdings Limited. Interest is charged at a commercial rate.

11. 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.