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REGISTERED NUMBER: 02968674















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Absolute Aromas Limited

Absolute Aromas Limited (Registered number: 02968674)






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


Absolute Aromas Limited

Company Information
for the Year Ended 31 December 2023







Director: D G Tomlinson





Secretary: K S Tomlinson





Registered office: 1 Absolute House
Mill Lane
Alton
GU34 2PX





Registered number: 02968674





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

Absolute Aromas Limited (Registered number: 02968674)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 164,875 192,243
Investments 5 310,088 205,088
474,963 397,331

Current assets
Stocks 1,136,822 1,033,768
Debtors 6 749,102 879,459
Cash at bank 18,245 49,207
1,904,169 1,962,434
Creditors
Amounts falling due within one year 7 849,799 749,344
Net current assets 1,054,370 1,213,090
Total assets less current liabilities 1,529,333 1,610,421

Creditors
Amounts falling due after more than
one year

8

(302,147

)

(414,097

)

Provisions for liabilities (40,557 ) (31,178 )
Net assets 1,186,629 1,165,146

Capital and reserves
Called up share capital 10 215,002 215,002
Retained earnings 971,627 950,144
Shareholders' funds 1,186,629 1,165,146

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 director acknowledges his 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.

Absolute Aromas Limited (Registered number: 02968674)

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 director and authorised for issue on 6 August 2024 and were signed by:





D G Tomlinson - Director


Absolute Aromas Limited (Registered number: 02968674)

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

1. Statutory information

Absolute Aromas Limited is a private company, limited by shares , registered in Not specified/Other. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost and 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Absolute Aromas Limited (Registered number: 02968674)

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

2. Accounting policies - continued

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
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 28 (2022 - 30 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023 664,859
Additions 19,221
At 31 December 2023 684,080
Depreciation
At 1 January 2023 472,616
Charge for year 46,589
At 31 December 2023 519,205
Net book value
At 31 December 2023 164,875
At 31 December 2022 192,243

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2023 205,088
Additions 105,000
At 31 December 2023 310,088
Net book value
At 31 December 2023 310,088
At 31 December 2022 205,088

Absolute Aromas Limited (Registered number: 02968674)

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

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 307,021 385,731
Amounts owed by group undertakings 372,204 449,960
Other debtors 69,877 43,768
749,102 879,459

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 93,700 84,050
Hire purchase contracts (see note 9)
19,155

27,917
Trade creditors 373,789 360,427
Amounts owed to group undertakings 54,538 -
Taxation and social security 69,334 84,083
Other creditors 239,283 192,867
849,799 749,344

8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 279,722 378,663
Hire purchase contracts (see note 9)
22,425

35,434
302,147 414,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 101,936

Absolute Aromas Limited (Registered number: 02968674)

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

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 19,155 27,917
Between one and five years 22,425 35,434
41,580 63,351

Non-cancellable
operating leases
2023 2022
£ £
Within one year 120,000 120,000
Between one and five years 90,000 210,000
210,000 330,000

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2
215,000 Preference £1 215,000 215,000
215,002 215,002