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REGISTERED NUMBER: 09468329 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

THE WAXOLOGIST LTD

THE WAXOLOGIST LTD (REGISTERED NUMBER: 09468329)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE WAXOLOGIST LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







Director: L Doherty





Registered office: 5 Massie Street
Cheadle
SK8 1BW





Registered number: 09468329 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

THE WAXOLOGIST LTD (REGISTERED NUMBER: 09468329)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,228 160,845

CURRENT ASSETS
Debtors 5 35,500 35,300
Cash at bank 43,573 17,690
79,073 52,990
CREDITORS
Amounts falling due within one year 6 77,609 96,320
NET CURRENT ASSETS/(LIABILITIES) 1,464 (43,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,692

117,515

CREDITORS
Amounts falling due after more than one year 7 (41,553 ) (57,745 )

PROVISIONS FOR LIABILITIES 9 (29,788 ) (38,284 )
NET ASSETS 57,351 21,486

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 57,251 21,386
SHAREHOLDERS' FUNDS 57,351 21,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:



L Doherty - Director


THE WAXOLOGIST LTD (REGISTERED NUMBER: 09468329)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Waxologist 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" 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 - 20% on cost
Fixtures and fittings - 20% on cost and 2% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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 9 (2023 - 7 ) .

THE WAXOLOGIST LTD (REGISTERED NUMBER: 09468329)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 103,407 86,875 24,999 4,888 220,169
Additions 10,200 816 - 2,817 13,833
Disposals - - (24,999 ) - (24,999 )
At 31 March 2024 113,607 87,691 - 7,705 209,003
DEPRECIATION
At 1 April 2023 41,625 11,238 3,750 2,711 59,324
Charge for year 21,998 3,145 - 1,058 26,201
Eliminated on disposal - - (3,750 ) - (3,750 )
At 31 March 2024 63,623 14,383 - 3,769 81,775
NET BOOK VALUE
At 31 March 2024 49,984 73,308 - 3,936 127,228
At 31 March 2023 61,782 75,637 21,249 2,177 160,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 35,500 35,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,260 4,350
Hire purchase contracts 12,699 12,699
Trade creditors 1,369 475
Amounts owed to group undertakings 40,463 15,000
Taxation and social security 18,818 11,154
Other creditors - 52,642
77,609 96,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,271 21,763
Hire purchase contracts 23,282 35,982
41,553 57,745

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 35,981 48,681

THE WAXOLOGIST LTD (REGISTERED NUMBER: 09468329)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 29,788 38,284

Deferred
tax
£   
Balance at 1 April 2023 38,284
Utilised during year (8,496 )
Balance at 31 March 2024 29,788

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100