Body Shop Solutions Holdings Limited |
Registered number: |
08357800 |
Balance Sheet |
as at 30 September 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
928,672 |
|
|
928,672 |
|
Current assets |
Debtors |
4 |
|
3,652 |
|
|
4,928 |
|
Creditors: amounts falling due within one year |
5 |
|
(556,525) |
|
|
(563,801) |
|
Net current liabilities |
|
|
|
(552,873) |
|
|
(558,873) |
|
Net assets |
|
|
|
375,799 |
|
|
369,799 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100,000 |
|
|
100,000 |
Share premium |
|
|
|
5,000 |
|
|
5,000 |
Profit and loss account |
|
|
|
270,799 |
|
|
264,799 |
|
Shareholders' funds |
|
|
|
375,799 |
|
|
369,799 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M French |
Director |
Approved by the board and authorised for issue on 16 September 2024 |
|
Body Shop Solutions Holdings Limited |
Notes to the Accounts |
for the year ended 30 September 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The presentation currency is £ sterling. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. |
|
|
Financial instruments |
|
Loan notes which are basic financial instruments are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method. Loan notes that are payable within one year are not discounted. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Exemption from preparing consolidated financial statements |
|
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 October 2022 |
928,672 |
|
|
At 30 September 2023 |
928,672 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 October 2022 |
928,672 |
|
At 30 September 2023 |
928,672 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
3,652 |
|
4,928 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
282,028 |
|
278,664 |
|
Taxation and social security costs |
- |
|
4,371 |
|
Loan Notes |
|
|
|
|
265,700 |
|
277,700 |
|
Other creditors |
8,797 |
|
3,066 |
|
|
|
|
|
|
556,525 |
|
563,801 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
|
Secured Loan Notes |
265,700 |
|
277,700 |
|
|
|
|
|
|
|
|
|
|
During the year ended 30 September 2022 Loan Notes amounting to £36,586 ceased to be payable under terms established by a Special Resolution in respect of those Loan Notes. |
|
|
The Loan Notes are secured by a fixed and floating charge over the company's assets. |
|
|
7 |
Related party transactions |
|
|
During the year ended 30 September 2023, the following transactions were undertaken with related parties. |
|
|
|
|
|
|
2023 |
|
2022 |
£ |
£ |
|
|
Loan Notes ceasing to be payable (see note 6) |
|
|
|
- |
|
36,586 |
|
Loan Notes repaid |
|
|
|
|
12,000 |
|
2,000 |
|
Loan Notes interest payable |
17,648 |
|
8,387 |
|
Dividends payable |
6,000 |
|
- |
|
|
Amounts due (to)/from related parties |
(271,352) |
|
(272,772) |
|
|
8 |
Controlling party |
|
|
The ultimate controlling party is Mr M W Swaby who owns 95% of the issued share capital. |
|
|
9 |
Other information |
|
|
Body Shop Solutions Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 9 |
|
Stephenson Close |
|
Drayton Fields |
|
Northamptonshire |
|
NN11 8RF |