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REGISTERED NUMBER: 11834000 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 July 2023

for

Luxurious Personal Care Ltd

Luxurious Personal Care Ltd (Registered number: 11834000)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Luxurious Personal Care Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J Shipton
B Shipton





REGISTERED OFFICE: Building 1
St Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ





REGISTERED NUMBER: 11834000 (England and Wales)





AUDITORS: Trevor Jones Chartered Accountants
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

Luxurious Personal Care Ltd (Registered number: 11834000)

Strategic Report
for the Year Ended 31 July 2023

The directors present their strategic report for the year ended 31 July 2023.

ON BEHALF OF THE BOARD:





J Shipton - Director


28 July 2024

Luxurious Personal Care Ltd (Registered number: 11834000)

Report of the Directors
for the Year Ended 31 July 2023

The directors present their report with the financial statements of the company for the year ended 31 July 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of distribution.

DIVIDENDS
The Interim dividends for the year ended 31st July 2023 were £24,000

DIRECTORS
The directors shown below have held office during the whole of the period from 1 August 2022 to the date of this report.

J Shipton
B Shipton

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Trevor Jones Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Shipton - Director


28 July 2024

Report of the Independent Auditors to the Members of
Luxurious Personal Care Ltd

Opinion
We have audited the financial statements of Luxurious Personal Care Ltd (the 'company') for the year ended 31 July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 July 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Luxurious Personal Care Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Luxurious Personal Care Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management.
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in note 3 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Luxurious Personal Care Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Christopher James Whale (Senior Statutory Auditor)
for and on behalf of Trevor Jones Chartered Accountants
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

28 July 2024

Luxurious Personal Care Ltd (Registered number: 11834000)

Income Statement
for the Year Ended 31 July 2023

31.7.23 31.7.22
Notes £    £   

TURNOVER 3 18,165,642 13,133,599

Cost of sales 16,552,897 12,086,481
GROSS PROFIT 1,612,745 1,047,118

Administrative expenses 771,376 556,779
OPERATING PROFIT 5 841,369 490,339

Interest receivable and similar income 695 -
842,064 490,339

Interest payable and similar expenses 6 - 12,403
PROFIT BEFORE TAXATION 842,064 477,936

Tax on profit 7 182,716 93,165
PROFIT FOR THE FINANCIAL YEAR 659,348 384,771

Luxurious Personal Care Ltd (Registered number: 11834000)

Other Comprehensive Income
for the Year Ended 31 July 2023

31.7.23 31.7.22
Notes £    £   

PROFIT FOR THE YEAR 659,348 384,771


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

659,348

384,771

Luxurious Personal Care Ltd (Registered number: 11834000)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 209,938 632

CURRENT ASSETS
Stocks 10 478,525 -
Debtors 11 7,709,226 5,158,812
Cash at bank 140,942 94,561
8,328,693 5,253,373
CREDITORS
Amounts falling due within one year 12 5,150,647 2,537,696
NET CURRENT ASSETS 3,178,046 2,715,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,387,984

2,716,309

PROVISIONS FOR LIABILITIES 13 36,447 120
NET ASSETS 3,351,537 2,716,189

CAPITAL AND RESERVES
Called up share capital 14 200 200
Retained earnings 15 3,351,337 2,715,989
SHAREHOLDERS' FUNDS 3,351,537 2,716,189

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:




B Shipton - Director



J Shipton - Director


Luxurious Personal Care Ltd (Registered number: 11834000)

Statement of Changes in Equity
for the Year Ended 31 July 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 August 2021 200 2,381,218 2,381,418

Changes in equity
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 384,771 384,771
Balance at 31 July 2022 200 2,715,989 2,716,189

Changes in equity
Dividends - (24,000 ) (24,000 )
Total comprehensive income - 659,348 659,348
Balance at 31 July 2023 200 3,351,337 3,351,537

Luxurious Personal Care Ltd (Registered number: 11834000)

Cash Flow Statement
for the Year Ended 31 July 2023

31.7.23 31.7.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,941,117 54,937
Interest paid - (12,403 )
Tax paid (385,127 ) (180,190 )
Net cash from operating activities 1,555,990 (137,656 )

Cash flows from investing activities
Purchase of tangible fixed assets (224,336 ) -
Interest received 695 -
New loan (1,263,721 ) (1,412,930 )
Net cash from investing activities (1,487,362 ) (1,412,930 )

Cash flows from financing activities
Amount withdrawn by directors 1,753 (15,013 )
Equity dividends paid (24,000 ) (50,000 )
Net cash from financing activities (22,247 ) (65,013 )

Increase/(decrease) in cash and cash equivalents 46,381 (1,615,599 )
Cash and cash equivalents at beginning of
year

2

94,561

1,710,160

Cash and cash equivalents at end of year 2 140,942 94,561

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Cash Flow Statement
for the Year Ended 31 July 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.7.23 31.7.22
£    £   
Profit before taxation 842,064 477,936
Depreciation charges 15,030 614
Finance costs - 12,403
Finance income (695 ) -
856,399 490,953
Increase in stocks (478,525 ) -
Increase in trade and other debtors (1,286,693 ) (547,783 )
Increase in trade and other creditors 2,849,936 111,767
Cash generated from operations 1,941,117 54,937

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 July 2023
31.7.23 1.8.22
£    £   
Cash and cash equivalents 140,942 94,561
Year ended 31 July 2022
31.7.22 1.8.21
£    £   
Cash and cash equivalents 94,561 1,710,160


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.8.22 Cash flow At 31.7.23
£    £    £   
Net cash
Cash at bank 94,561 46,381 140,942
94,561 46,381 140,942
Total 94,561 46,381 140,942

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Luxurious Personal Care 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

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. TURNOVER

In the year ended 31 July 2023 71.8% (period end 31st July 2022 (65.00%) of the company's turnover was derived from markets outside the United Kingdom.

4. EMPLOYEES AND DIRECTORS
31.7.23 31.7.22
£    £   
Wages and salaries 572,099 412,095
Social security costs 61,464 45,023
Other pension costs 4,093 3,502
637,656 460,620

The average number of employees during the year was as follows:
31.7.23 31.7.22

Directors 2 2
Office and Administration 6 4
8 6

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. EMPLOYEES AND DIRECTORS - continued

31.7.23 31.7.22
£    £   
Directors' remuneration 436,288 341,449
Directors' pension contributions to money purchase schemes 2,642 2,642

Information regarding the highest paid director is as follows:
31.7.23 31.7.22
£    £   
Emoluments etc 248,462 241,449
Pension contributions to money purchase schemes 1,321 1,321

5. OPERATING PROFIT

The operating profit is stated after charging:

31.7.23 31.7.22
£    £   
Depreciation - owned assets 15,030 614

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.7.23 31.7.22
£    £   
Interest and Penalties - 12,403

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.7.23 31.7.22
£    £   
Current tax:
UK corporation tax 146,389 93,281

Deferred tax 36,327 (116 )
Tax on profit 182,716 93,165

8. DIVIDENDS
31.7.23 31.7.22
£    £   
A Ordinary shares of £1 each
Interim 12,000 25,000
B Ordinary shares of £1 each
Interim 12,000 25,000
24,000 50,000

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 - 1,860 1,860
Additions 221,338 2,998 224,336
At 31 July 2023 221,338 4,858 226,196
DEPRECIATION
At 1 August 2022 - 1,228 1,228
Charge for year 13,645 1,385 15,030
At 31 July 2023 13,645 2,613 16,258
NET BOOK VALUE
At 31 July 2023 207,693 2,245 209,938
At 31 July 2022 - 632 632

10. STOCKS
31.7.23 31.7.22
£    £   
Stocks 478,525 -

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 4,745,609 3,683,808
Amounts owed by group undertakings 2,676,651 1,412,930
VAT 286,966 62,074
7,709,226 5,158,812

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 4,541,076 2,047,164
Tax 240,180 478,918
Other creditors 15,924 9,900
Creditors 350,000 -
Directors' current accounts 3,467 1,714
5,150,647 2,537,696

13. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 36,447 120

Luxurious Personal Care Ltd (Registered number: 11834000)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 120
Provided during year 36,327
Balance at 31 July 2023 36,447

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

15. RESERVES
Retained
earnings
£   

At 1 August 2022 2,715,989
Profit for the year 659,348
Dividends (24,000 )
At 31 July 2023 3,351,337

16. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is controlled by it's directors who own all the issued share capital.

During the year dividends were voted totalling £24,000 (31st July 2022 £50,000)

17. RELATED PARTY DISCLOSURES

At the balance sheet date an inter-company loan to Seahorse Ventures Holdings Limited, a company controlled by the directors, was outstanding of £2,676,650 (31st July 2022 balance was £1,412,930).