MY FABULOSA LTD

Company Registration Number:
11966406 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

MY FABULOSA LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MY FABULOSA LTD

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal activities of the company

manufacture and sale of household fragranced products



Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

Mike Sharpe
James Sharpe
Adam Burnett
Mike Pritchard
Tom Mitten


The director shown below has held office during the period of
3 October 2022 to 31 August 2023

Ricky Lee


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 August 2024

And signed on behalf of the board by:
Name: Tom Mitten
Status: Director

MY FABULOSA LTD

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 35,237,036 32,530,265
Cost of sales: ( 24,811,940 ) ( 19,475,661 )
Gross profit(or loss): 10,425,096 13,054,604
Administrative expenses: ( 7,489,885 ) ( 6,970,244 )
Operating profit(or loss): 2,935,211 6,084,360
Interest payable and similar charges: ( 505,585 ) ( 354,087 )
Profit(or loss) before tax: 2,429,626 5,730,273
Tax: ( 454,221 ) ( 805,489 )
Profit(or loss) for the financial year: 1,975,405 4,924,784

MY FABULOSA LTD

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 255,905 278,155
Tangible assets: 4 12,332,227 11,040,426
Investments: 5 84 0
Total fixed assets: 12,588,216 11,318,581
Current assets
Stocks: 6 10,182,008 8,650,784
Debtors: 7 6,382,455 5,711,992
Cash at bank and in hand: 560,233 2,143,498
Total current assets: 17,124,696 16,506,274
Creditors: amounts falling due within one year: 8 ( 16,111,859 ) ( 13,482,229 )
Net current assets (liabilities): 1,012,837 3,024,045
Total assets less current liabilities: 13,601,053 14,342,626
Creditors: amounts falling due after more than one year: 9 ( 1,578,278 ) ( 1,776,300 )
Provision for liabilities: ( 2,351,880 ) ( 1,897,659 )
Total net assets (liabilities): 9,670,895 10,668,667
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 9,670,795 10,668,567
Total Shareholders' funds: 9,670,895 10,668,667

The notes form part of these financial statements

MY FABULOSA LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Tom Mitten
Status: Director

The notes form part of these financial statements

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when goods have been despatched to customers such that the risks and rewards of ownership have been transferred.

    Tangible fixed assets depreciation policy

    Depreciation is provided at annual rates in order to write off each asset over its estimated useful life.

    Other accounting policies

    As per accounting policies disclosure section in the accounts.

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 142 106

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2022 315,164 315,164
Additions 1,500 1,500
Disposals
Revaluations
Transfers
At 31 August 2023 316,664 316,664
Amortisation
At 1 September 2022 37,009 37,009
Charge for year 23,750 23,750
On disposals
Other adjustments
At 31 August 2023 60,759 60,759
Net book value
At 31 August 2023 255,905 255,905
At 31 August 2022 278,155 278,155

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 1,442,082 10,330,470 113,913 564,114 12,450,579
Additions 210,378 1,130,342 9,234 956,752 2,306,706
Disposals ( 2,791 ) ( 79,355 ) ( 82,146 )
Revaluations
Transfers
At 31 August 2023 1,652,460 11,458,021 123,147 1,441,511 14,675,139
Depreciation
At 1 September 2022 255,003 1,032,822 26,589 95,739 1,410,153
Charge for year 247,869 403,364 24,629 256,897 932,759
On disposals
Other adjustments
At 31 August 2023 502,872 1,436,186 51,218 352,636 2,342,912
Net book value
At 31 August 2023 1,149,588 10,021,835 71,929 1,088,875 12,332,227
At 31 August 2022 1,187,079 9,297,648 87,324 468,375 11,040,426

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Fixed assets investments note

As per accounts

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Stocks

2023 2022
£ £
Stocks 10,182,008 8,650,784
Total 10,182,008 8,650,784

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

7. Debtors

2023 2022
£ £
Trade debtors 5,536,095 4,585,114
Prepayments and accrued income 145,415 149,000
Other debtors 700,945 977,878
Total 6,382,455 5,711,992
Debtors due after more than one year: 0 0

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 93,750 468,750
Amounts due under finance leases and hire purchase contracts 706,130 1,156,853
Trade creditors 6,117,359 6,180,170
Taxation and social security 295,982 232,038
Accruals and deferred income 504,329 278,079
Other creditors 8,394,309 5,166,339
Total 16,111,859 13,482,229

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 1,578,278 1,776,300
Total 1,578,278 1,776,300

MY FABULOSA LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

10. Financial Commitments

As per accounts disclosing commitments under leasing agreements