12713343falsemanufacture of perfumes and cosmetics2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-07-31http://www.companieshouse.gov.uk/cd:Director12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director22022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:MotorCars2022-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-07-31http://www.companieshouse.gov.uk/2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/cd:FRS1022022-08-012023-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-08-012023-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-08-012023-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12713343

The Soap Shack Wholesale Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

The Soap Shack Wholesale Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Mr S W Kierans
Miss N McLoughlin
REGISTERED OFFICE
Union Mill
Bacup Road
Rawtenstall
Lancashire
BB4 7JN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12713343
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

The Soap Shack Wholesale Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Soap Shack Wholesale Ltd

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Intangible assets315,22017,420
Tangible assets435,40225,172
50,62242,592
CURRENT ASSETS
Stock48,13084,731
Debtors67,756965
Cash at bank and in hand24,28436,674
80,170122,370
CREDITORS: Amounts falling due within one year731,43640,713
NET CURRENT ASSETS48,73481,657
TOTAL ASSETS LESS CURRENT LIABILITIES99,356124,249
CREDITORS: Amounts falling due after more than one year810,23313,512
PROVISIONS FOR LIABILITIES AND CHARGES9-397
NET ASSETS89,123110,340
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account89,023110,240
SHAREHOLDERS' FUNDS89,123110,340
For the year ending 31/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/03/2024 and signed on their behalf by
.............................
Miss N McLoughlin
Director

The Soap Shack Wholesale Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

The Soap Shack Wholesale Ltd

1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years.
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20232022
No.No.
Average number of employees1311
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/202222,00022,000
At 31/07/202322,00022,000
Depreciation
At 01/08/20224,5804,580
For the year2,2002,200
At 31/07/20236,7806,780
Net Book Amounts
At 31/07/202315,22015,220
At 31/07/202217,42017,420

The Soap Shack Wholesale Ltd

4. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/08/202211,31123,98035,291
Additions21,235-21,235
At 31/07/202332,54623,98056,526
Depreciation
At 01/08/20224,1245,99510,119
For the year6,5094,49611,005
At 31/07/202310,63310,49121,124
Net Book Amounts
At 31/07/202321,91313,48935,402
At 31/07/20227,18717,98525,172
5. STOCK 20232022
££
Stock comprises:
Stock48,13084,731
48,13084,731
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,368-
VAT-846
PAYE control291-
Prepayments165119
Deferred taxation5,932-
7,756965

The Soap Shack Wholesale Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-11,867
VAT4,858-
Salaries and wages control-842
Pension control1,139787
Directors current account - N McLoughlin19,13221,132
Directors current account - S W Kierans222-
Hire purchase4,7354,735
Accruals1,3501,350
31,43640,713
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Hire purchase >1 year10,23313,512
10,23313,512
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation(5,932)397
-397
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
New shares issued during period:
100 Ordinary shares of £1 each100100

The Soap Shack Wholesale Ltd

11. CONTROLLING PARTY
The company is controlled by the directors whom own 100% of the company's share capital
12. RELATED PARTY TRANSACTIONS
The Soap Shack Wholesale Ltd made sales to the Soap shack Ltd during the period amounting to £36,435 (2022 £18,434), a company which is owned by the directors.