Registered number
05158331
Body Shop Solutions Limited
Filleted Accounts
30 September 2023
Body Shop Solutions Limited
Registered number: 05158331
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 328,358 344,221
Current assets
Stocks 771,330 827,264
Debtors 4 677,022 654,000
Cash at bank and in hand 79,992 157,958
1,528,344 1,639,222
Creditors: amounts falling due within one year 5 (533,741) (563,299)
Net current assets 994,603 1,075,923
Total assets less current liabilities 1,322,961 1,420,144
Creditors: amounts falling due after more than one year 6 (155,609) (215,099)
Provisions for liabilities (50,397) (58,133)
Net assets 1,116,955 1,146,912
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,116,855 1,146,812
Shareholders' funds 1,116,955 1,146,912
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 12.5% - 100% straight line
Fixtures, fittings, tools and equipment 25% - 33.33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
1 Accounting policies (continued)
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Exemption from preparing consolidated financial statements
The company qualifies 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 14 18
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 1,142,240 159,654 1,301,894
Additions 52,026 47,289 99,315
Disposals - (65,185) (65,185)
At 30 September 2023 1,194,266 141,758 1,336,024
Depreciation
At 1 October 2022 890,570 67,103 957,673
Charge for the year 64,423 30,571 94,994
On disposals - (45,001) (45,001)
At 30 September 2023 954,993 52,673 1,007,666
Net book value
At 30 September 2023 239,273 89,085 328,358
At 30 September 2022 251,670 92,551 344,221
4 Debtors 2023 2022
£ £
Trade debtors 325,706 310,989
Amounts owed by group undertakings and undertakings in which the company has a participating interest 282,028 278,664
Other debtors 69,288 64,347
677,022 654,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 50,000 50,000
Obligations under finance lease and hire purchase contracts 27,067 22,969
Trade creditors 232,388 201,140
Taxation and social security costs 88,232 108,810
Other creditors 136,054 180,380
533,741 563,299
Secured creditors amounted to £205,135 (2022:£250,091).
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 83,333 133,333
Obligations under finance lease and hire purchase contracts 72,276 81,766
155,609 215,099
Secured creditors amounted to £155,609 (2022:£215,099).
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 205,334 237,334
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs M French
Interest free loan 4,168 - - 4,168
4,168 - - 4,168
9 Controlling party
Body Shop Solutions Limited is a 100% subsidiary of Body Shop Solutions Holdings Limited.

Body Shop Solutions Holdings Limited is controlled by Mr M W Swaby, who owns 95% of the issued share capital.
10 Other information
Body Shop Solutions 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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