Registered number
08357800
Body Shop Solutions Holdings Limited
Filleted Accounts
30 September 2023
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
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