Caseware UK (AP4) 2023.0.135 2023.0.135 2022-12-312022-05-132022-12-31truetrue2022-01-01falseNo description of principal activity1210The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11034011 2022-01-01 2022-12-31 11034011 2020-11-01 2021-12-31 11034011 2022-12-31 11034011 2021-12-31 11034011 2020-11-01 11034011 2 2020-11-01 2021-12-31 11034011 d:Director1 2022-01-01 2022-12-31 11034011 d:Director1 2022-12-31 11034011 d:Director2 2022-01-01 2022-12-31 11034011 d:Director3 2022-01-01 2022-12-31 11034011 d:Director3 2022-12-31 11034011 d:Director4 2022-01-01 2022-12-31 11034011 d:Director4 2022-12-31 11034011 d:Director5 2022-01-01 2022-12-31 11034011 d:Director5 2022-12-31 11034011 d:Director6 2022-01-01 2022-12-31 11034011 d:Director6 2022-12-31 11034011 d:RegisteredOffice 2022-01-01 2022-12-31 11034011 e:PlantMachinery 2022-01-01 2022-12-31 11034011 e:PlantMachinery 2022-12-31 11034011 e:PlantMachinery 2021-12-31 11034011 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11034011 e:FurnitureFittings 2022-01-01 2022-12-31 11034011 e:FurnitureFittings 2022-12-31 11034011 e:FurnitureFittings 2021-12-31 11034011 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11034011 e:ComputerEquipment 2022-01-01 2022-12-31 11034011 e:ComputerEquipment 2022-12-31 11034011 e:ComputerEquipment 2021-12-31 11034011 e:ComputerEquipment e:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11034011 e:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 11034011 e:CurrentFinancialInstruments 2022-12-31 11034011 e:CurrentFinancialInstruments 2021-12-31 11034011 e:Non-currentFinancialInstruments 2022-12-31 11034011 e:Non-currentFinancialInstruments 2021-12-31 11034011 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 11034011 e:CurrentFinancialInstruments e:WithinOneYear 2021-12-31 11034011 e:Non-currentFinancialInstruments e:AfterOneYear 2022-12-31 11034011 e:Non-currentFinancialInstruments e:AfterOneYear 2021-12-31 11034011 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2022-12-31 11034011 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2021-12-31 11034011 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2022-12-31 11034011 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2021-12-31 11034011 e:ShareCapital 2022-01-01 2022-12-31 11034011 e:ShareCapital 2022-12-31 11034011 e:ShareCapital 2020-11-01 2021-12-31 11034011 e:ShareCapital 2021-12-31 11034011 e:ShareCapital 2020-11-01 11034011 e:SharePremium 2022-01-01 2022-12-31 11034011 e:SharePremium 2022-12-31 11034011 e:SharePremium 2020-11-01 2021-12-31 11034011 e:SharePremium 2021-12-31 11034011 e:SharePremium 2020-11-01 11034011 e:OtherMiscellaneousReserve 2022-01-01 2022-12-31 11034011 e:OtherMiscellaneousReserve 2022-12-31 11034011 e:OtherMiscellaneousReserve 2020-11-01 2021-12-31 11034011 e:OtherMiscellaneousReserve 2021-12-31 11034011 e:OtherMiscellaneousReserve 2020-11-01 11034011 e:OtherMiscellaneousReserve 2 2020-11-01 2021-12-31 11034011 e:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11034011 e:RetainedEarningsAccumulatedLosses 2022-12-31 11034011 e:RetainedEarningsAccumulatedLosses 2020-11-01 2021-12-31 11034011 e:RetainedEarningsAccumulatedLosses 2021-12-31 11034011 e:RetainedEarningsAccumulatedLosses 2020-11-01 11034011 e:RetainedEarningsAccumulatedLosses 2 2020-11-01 2021-12-31 11034011 d:OrdinaryShareClass1 2022-01-01 2022-12-31 11034011 d:OrdinaryShareClass1 2021-12-31 11034011 d:OrdinaryShareClass2 2022-01-01 2022-12-31 11034011 d:OrdinaryShareClass2 2021-12-31 11034011 d:OrdinaryShareClass5 2022-01-01 2022-12-31 11034011 d:OrdinaryShareClass5 2022-12-31 11034011 d:FRS102 2022-01-01 2022-12-31 11034011 d:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11034011 d:FullAccounts 2022-01-01 2022-12-31 11034011 d:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 11034011 e:SharePremium 2 2020-11-01 2021-12-31 11034011 e:WithinOneYear 2022-12-31 11034011 e:WithinOneYear 2021-12-31 11034011 2 2022-01-01 2022-12-31 11034011 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11034011









WAR PAINT MENS GROOMING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
WAR PAINT MENS GROOMING LTD
 
 
COMPANY INFORMATION


Directors
D H Gray (resigned 16 March 2023)
M P Lumb 
A Jansons (resigned 25 July 2022)
C Cherry (resigned 13 May 2022)
D P Brockwell (resigned 25 July 2022)
J H Bagley (appointed 25 July 2022)




Registered number
11034011



Registered office
18a/20 King Street
Maidenhead

Berkshire

United Kingdom

SL6 1EF




Accountants
Donald Reid Limited
Chartered Accountants

Prince Albert House

20 King Street

Maidenhead

Berkshire

SL6 1DT





 
WAR PAINT MENS GROOMING LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 14


 
WAR PAINT MENS GROOMING LTD
REGISTERED NUMBER: 11034011

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
90,280
125,866

Investments
 5 
75
-

  
90,355
125,866

Current assets
  

Stocks
 6 
483,184
403,298

Debtors: amounts falling due after more than one year
 7 
1,882
19,686

Debtors: amounts falling due within one year
 7 
212,415
310,942

Cash at bank and in hand
 8 
136,758
229,424

  
834,239
963,350

Creditors: amounts falling due within one year
 9 
(1,362,607)
(573,943)

Net current (liabilities)/assets
  
 
 
(528,368)
 
 
389,407

Total assets less current liabilities
  
(438,013)
515,273

Creditors: amounts falling due after more than one year
 10 
(26,630)
(36,481)

  

Net (liabilities)/assets
  
(464,643)
478,792


Capital and reserves
  

Called up share capital 
 12 
412
382

Share premium account
  
3,226,701
2,740,479

Other reserves
  
130,908
130,908

Profit and loss account
  
(3,822,664)
(2,392,977)

  
(464,643)
478,792


Page 1

 
WAR PAINT MENS GROOMING LTD
REGISTERED NUMBER: 11034011
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2024.




M P Lumb
Director

The notes on pages 4 to 14 form part of these financial statements.

Page 2

 
WAR PAINT MENS GROOMING LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 November 2020
306
1,422,592
-
(827,509)
595,389


Comprehensive income for the period

Loss for the period
-
-
-
(1,565,468)
(1,565,468)
Total comprehensive income for the period
-
-
-
(1,565,468)
(1,565,468)


Contributions by and distributions to owners

Shares issued during the period
76
1,317,887
-
-
1,317,963

Capital contribution
-
-
130,908
-
130,908


Total transactions with owners
76
1,317,887
130,908
-
1,448,871



At 1 January 2022
382
2,740,479
130,908
(2,392,977)
478,792


Comprehensive income for the year

Loss for the year
-
-
-
(1,429,687)
(1,429,687)
Total comprehensive income for the year
-
-
-
(1,429,687)
(1,429,687)


Contributions by and distributions to owners

Shares issued during the year
30
486,222
-
-
486,252


Total transactions with owners
30
486,222
-
-
486,252


At 31 December 2022
412
3,226,701
130,908
(3,822,664)
(464,643)


The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

War Paint Mens Grooming Ltd is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 11034011. The registered office address is 18a/20 King Street, Maidenhead, Berkshire, United Kingdom, SL6 1EF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

At the year end, the company has net liabilities of £464,643 (2021: Net Assets £478,792). However, as the company continues to be supported by its creditors it is considered appropriate to prepare the accounts on a going concern basis.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.6

Operating leases: the Company as lessee

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

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.13

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.14

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 6

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.15

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.17

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.18

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.19

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 7

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.19
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Page 8

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.19
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2021 - 10).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2022
17,320
118,180
26,606
162,106


Additions
-
-
4,881
4,881



At 31 December 2022

17,320
118,180
31,487
166,987



Depreciation


At 1 January 2022
5,664
21,944
8,632
36,240


Charge for the year on owned assets
4,332
29,268
6,867
40,467



At 31 December 2022

9,996
51,212
15,499
76,707



Net book value



At 31 December 2022
7,324
66,968
15,988
90,280



At 31 December 2021
11,656
96,236
17,974
125,866

Page 9

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
75



At 31 December 2022
75





6.


Stocks

2022
2021
£
£

Finished goods and goods for resale
483,184
403,298

483,184
403,298



7.


Debtors

2022
2021
£
£

Due after more than one year

Other debtors
-
12,000

Prepayments and accrued income
1,882
7,686

1,882
19,686


2022
2021
£
£

Due within one year

Trade debtors
16,789
4,398

Other debtors
159,014
239,406

Prepayments and accrued income
34,111
67,138

Tax recoverable
2,501
-

212,415
310,942


Page 10

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

8.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
136,758
229,424

136,758
229,424



9.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
9,851
9,596

Trade creditors
302,669
256,717

Corporation tax
2,501
-

Other taxation and social security
198,945
110,493

Other creditors
655,654
156,709

Accruals and deferred income
192,987
40,428

1,362,607
573,943



10.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
26,630
36,481

26,630
36,481


The following liabilities were secured:

2022
2021
£
£



Bank loans
36,481
46,077

36,481
46,077

Details of security provided:

Liabilities of £36,481 (2021: £46,077) are secured by a fixed and floating charge.

Page 11

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

11.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
9,851
9,596


9,851
9,596

Amounts falling due 1-2 years

Bank loans
10,106
9,851


10,106
9,851

Amounts falling due 2-5 years

Bank loans
16,524
26,630


16,524
26,630


36,481
46,077




Page 12

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



Nil (2021 - 64,000) Ordinary shares of £0.002625 each
-
168.00
Nil (2021 - 81,573) Seed shares of £0.002625 each
-
214.13
691,187 (2021 - Nil) Ordinary shares of £0.000262 each
181.09
-
879,951 (2021 - Nil) Seed shares of £0.000262 each
230.55
-

411.64

382.13


During the year 115,408 shares with a nominal value of £0.000262 per share totalling £30.24 were issued for a total consideration of £486,282.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £4,839 (2021: £10,364). Contributions totalling £486 (2021: £1,349) were payable to the fund at the balance sheet date and are included in creditors.


14.


Commitments under operating leases

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
-
120,000

-
120,000


15.


Transactions with directors

During the period, advances were made to directors totalling £7,110 (2021: £59,887). There were repayments totalling £11,172 (2021: £43,048).

Page 13

 
WAR PAINT MENS GROOMING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

16.


Related party transactions

At the year end, included within debtors due within one year there are amounts due to the company by the directors of £7,410 (2021: £16,839)
At the year end, included within creditors due within one year there are amounts owed to a director by the company of £40,448 
(2021: £Nil).
The company has taken exemption from disclosing related party transactions between wholly owned
group members under paragraph 33.1A of FRS 102.

 
Page 14