Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false112023-01-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08106568 2023-01-01 2023-12-31 08106568 2022-01-01 2022-12-31 08106568 2023-12-31 08106568 2022-12-31 08106568 c:Director1 2023-01-01 2023-12-31 08106568 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 08106568 d:Buildings d:LongLeaseholdAssets 2023-12-31 08106568 d:Buildings d:LongLeaseholdAssets 2022-12-31 08106568 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 08106568 d:PlantMachinery 2023-01-01 2023-12-31 08106568 d:PlantMachinery 2023-12-31 08106568 d:PlantMachinery 2022-12-31 08106568 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08106568 d:MotorVehicles 2023-01-01 2023-12-31 08106568 d:MotorVehicles 2023-12-31 08106568 d:MotorVehicles 2022-12-31 08106568 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08106568 d:FurnitureFittings 2023-01-01 2023-12-31 08106568 d:FurnitureFittings 2023-12-31 08106568 d:FurnitureFittings 2022-12-31 08106568 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08106568 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 08106568 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08106568 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 08106568 d:CurrentFinancialInstruments 2023-12-31 08106568 d:CurrentFinancialInstruments 2022-12-31 08106568 d:Non-currentFinancialInstruments 2023-12-31 08106568 d:Non-currentFinancialInstruments 2022-12-31 08106568 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08106568 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08106568 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08106568 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 08106568 d:ShareCapital 2023-12-31 08106568 d:ShareCapital 2022-12-31 08106568 d:RetainedEarningsAccumulatedLosses 2023-12-31 08106568 d:RetainedEarningsAccumulatedLosses 2022-12-31 08106568 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 08106568 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 08106568 c:FRS102 2023-01-01 2023-12-31 08106568 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08106568 c:FullAccounts 2023-01-01 2023-12-31 08106568 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08106568 d:WithinOneYear 2023-12-31 08106568 d:WithinOneYear 2022-12-31 08106568 d:BetweenOneFiveYears 2023-12-31 08106568 d:BetweenOneFiveYears 2022-12-31 08106568 d:MoreThanFiveYears 2023-12-31 08106568 d:MoreThanFiveYears 2022-12-31 08106568 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 08106568 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 08106568 2 2023-01-01 2023-12-31 08106568 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 08106568









AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
REGISTERED NUMBER: 08106568

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
4,526
6,801

Tangible assets
 5 
128,715
151,910

  
133,241
158,711

Current assets
  

Stocks
  
182,681
231,341

Debtors: amounts falling due after more than one year
 7 
55,000
55,000

Debtors
 7 
645,285
1,028,543

Cash at bank and in hand
  
1,145,533
752,585

  
2,028,499
2,067,469

Creditors: amounts falling due within one year
 8 
(2,009,191)
(427,445)

Net current assets
  
 
 
19,308
 
 
1,640,024

Total assets less current liabilities
  
152,549
1,798,735

Creditors: amounts falling due after more than one year
 9 
-
(17,001)

Provisions for liabilities
  

Deferred tax
 11 
(10,986)
(12,426)

  
 
 
(10,986)
 
 
(12,426)

Net assets
  
141,563
1,769,308


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
141,463
1,769,208

  
141,563
1,769,308


Page 1

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
REGISTERED NUMBER: 08106568
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 23 August 2024.

T Fieldgrass
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Aesthetic Brands (Distribution and Management) Limited is a private company limited by shares and  registered in England & Wales. The address of its registered office is 3 Kensington Church Street, London, England, W8 4LB.

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

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 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 3

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 4

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
All intangible assets are considered to have a finite useful life and the directors consider a write-off period of 10 years to be reasonable.

 
2.7

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.

Page 5

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Short-term leasehold property
-
Straight line over 10 years
Plant and machinery
-
Staight line over 10 years
Motor vehicles
-
Staight line over 10 years
Fixtures and fittings
-
Staight line over 10 years

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.

 
2.8

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 first in, first out basis.
At each reporting 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 6

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the statement of financial position.

 
2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans.
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 Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).

Page 7

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Website development expenditure

£



Cost


At 1 January 2023
22,750



At 31 December 2023

22,750



Amortisation


At 1 January 2023
15,949


Charge for the year on owned assets
2,275



At 31 December 2023

18,224



Net book value



At 31 December 2023
4,526



At 31 December 2022
6,801



Page 8

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
132,175
102,425
46,418
15,125
296,143


Additions
-
2,752
-
-
2,752



At 31 December 2023

132,175
105,177
46,418
15,125
298,895



Depreciation


At 1 January 2023
29,970
98,395
9,671
6,197
144,233


Charge for the year on owned assets
18,486
1,307
4,642
1,512
25,947



At 31 December 2023

48,456
99,702
14,313
7,709
170,180



Net book value



At 31 December 2023
83,719
5,475
32,105
7,416
128,715



At 31 December 2022
102,205
4,030
36,747
8,928
151,910


6.


Stocks

2023
2022
£
£

Stock in transit- Materials
-
66,152

Stock - Materials
182,681
165,189

182,681
231,341


Page 9

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
55,000
55,000

55,000
55,000


2023
2022
£
£

Due within one year

Trade debtors
449,730
59,097

Amounts owed by group undertakings
155,794
933,921

Called up share capital not paid
-
100

Prepayments
39,761
35,425

645,285
1,028,543



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
291,799
164,237

Amounts owed to group undertakings
1,506,000
-

Corporation tax
69,733
83,537

Other taxation and social security
97,500
117,071

Obligations under finance lease and hire purchase contracts
-
10,774

Other creditors
39,529
41,904

Accruals and deferred income
4,630
9,922

2,009,191
427,445



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
17,001

-
17,001


Page 10

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Between 1-5 years
-
27,775

-
27,775


11.


Deferred taxation




2023


£






At beginning of year
(12,426)


Charged to profit or loss
1,440



At end of year
(10,986)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(10,986)
(12,426)

(10,986)
(12,426)


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



Allotted, Called up and fully paid
100
100


Page 11

 
AESTHETIC BRANDS (DISTRIBUTION AND MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
110,000
110,000

Later than 1 year and not later than 5 years
443,299
440,000

Later than 5 years
61,865
58,465

615,164
608,465


14.


Related party transactions

At the financial year end date, the amount owed by group entities was £155,794 (2022: £933,921) and £1,506,000 (2022 £nil) was owed to group entities.
At the financial year end date, the amount owed to the directors was £39,529 (2022: £38,489).


15.


Controlling party

The company's ultimate controlling party is Natteo Limited by virtue of ownership of 100% of the issued share capital in the company.

 
Page 12