Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Andrew Jack Thomas Gorman 01/05/2012 Cheri Louise Odams 01/05/2012 Lisa Jane Odams 11/04/2016 24 September 2024 The principal activity of the company in the year under review was that of online retailers. 08051947 2024-05-31 08051947 bus:Director1 2024-05-31 08051947 bus:Director2 2024-05-31 08051947 bus:Director3 2024-05-31 08051947 2023-05-31 08051947 core:CurrentFinancialInstruments 2024-05-31 08051947 core:CurrentFinancialInstruments 2023-05-31 08051947 core:Non-currentFinancialInstruments 2024-05-31 08051947 core:Non-currentFinancialInstruments 2023-05-31 08051947 core:ShareCapital 2024-05-31 08051947 core:ShareCapital 2023-05-31 08051947 core:RetainedEarningsAccumulatedLosses 2024-05-31 08051947 core:RetainedEarningsAccumulatedLosses 2023-05-31 08051947 core:OtherResidualIntangibleAssets 2023-05-31 08051947 core:OtherResidualIntangibleAssets 2024-05-31 08051947 core:Vehicles 2023-05-31 08051947 core:FurnitureFittings 2023-05-31 08051947 core:ComputerEquipment 2023-05-31 08051947 core:Vehicles 2024-05-31 08051947 core:FurnitureFittings 2024-05-31 08051947 core:ComputerEquipment 2024-05-31 08051947 2022-05-31 08051947 bus:OrdinaryShareClass1 2024-05-31 08051947 bus:OrdinaryShareClass2 2024-05-31 08051947 bus:OrdinaryShareClass3 2024-05-31 08051947 bus:OrdinaryShareClass4 2024-05-31 08051947 core:WithinOneYear 2024-05-31 08051947 core:WithinOneYear 2023-05-31 08051947 core:BetweenOneFiveYears 2024-05-31 08051947 core:BetweenOneFiveYears 2023-05-31 08051947 core:MoreThanFiveYears 2024-05-31 08051947 core:MoreThanFiveYears 2023-05-31 08051947 core:KeyManagementPersonnel 2024-05-31 08051947 core:KeyManagementPersonnel 2023-05-31 08051947 2023-06-01 2024-05-31 08051947 bus:FilletedAccounts 2023-06-01 2024-05-31 08051947 bus:SmallEntities 2023-06-01 2024-05-31 08051947 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08051947 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08051947 bus:Director1 2023-06-01 2024-05-31 08051947 bus:Director2 2023-06-01 2024-05-31 08051947 bus:Director3 2023-06-01 2024-05-31 08051947 core:Vehicles 2023-06-01 2024-05-31 08051947 core:FurnitureFittings 2023-06-01 2024-05-31 08051947 core:ComputerEquipment core:TopRangeValue 2023-06-01 2024-05-31 08051947 2022-06-01 2023-05-31 08051947 core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 08051947 core:ComputerEquipment 2023-06-01 2024-05-31 08051947 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08051947 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 08051947 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 08051947 bus:OrdinaryShareClass2 2022-06-01 2023-05-31 08051947 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 08051947 bus:OrdinaryShareClass3 2022-06-01 2023-05-31 08051947 bus:OrdinaryShareClass4 2023-06-01 2024-05-31 08051947 bus:OrdinaryShareClass4 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08051947 (England and Wales)

BOOLEVARD COSMETICS LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BOOLEVARD COSMETICS LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BOOLEVARD COSMETICS LTD

COMPANY INFORMATION

For the financial year ended 31 May 2024
BOOLEVARD COSMETICS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Andrew Jack Thomas Gorman
Cheri Louise Odams
Lisa Jane Odams
REGISTERED OFFICE Unit 18 Brunel Industrial Park
Brunel Drive
Newark
NG24 2EG
United Kingdom
COMPANY NUMBER 08051947 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
14 London Road
Newark
NG24 1TW
United Kingdom
BOOLEVARD COSMETICS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
BOOLEVARD COSMETICS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 148,000 133,000
Tangible assets 4 40,824 48,691
188,824 181,691
Current assets
Stocks 812,558 687,738
Debtors 5 644,598 583,641
Cash at bank and in hand 6 360,669 525,933
1,817,825 1,797,312
Creditors: amounts falling due within one year 7 ( 258,824) ( 173,623)
Net current assets 1,559,001 1,623,689
Total assets less current liabilities 1,747,825 1,805,380
Creditors: amounts falling due after more than one year 8 ( 63,051) ( 121,487)
Provision for liabilities 9, 10 ( 6,177) ( 10,150)
Net assets 1,678,597 1,673,743
Capital and reserves
Called-up share capital 11 201 201
Profit and loss account 1,678,396 1,673,542
Total shareholders' funds 1,678,597 1,673,743

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Boolevard Cosmetics Ltd (registered number: 08051947) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

Andrew Jack Thomas Gorman
Director
BOOLEVARD COSMETICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BOOLEVARD COSMETICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boolevard Cosmetics Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related to taxes. The fair value of consideration takes into accounts trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 9 9

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 June 2023 133,000 133,000
Additions 15,000 15,000
At 31 May 2024 148,000 148,000
Accumulated amortisation
At 01 June 2023 0 0
At 31 May 2024 0 0
Net book value
At 31 May 2024 148,000 148,000
At 31 May 2023 133,000 133,000

4. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 June 2023 78,240 23,199 6,747 108,186
Additions 0 0 490 490
At 31 May 2024 78,240 23,199 7,237 108,676
Accumulated depreciation
At 01 June 2023 40,142 13,592 5,761 59,495
Charge for the financial year 7,518 378 461 8,357
At 31 May 2024 47,660 13,970 6,222 67,852
Net book value
At 31 May 2024 30,580 9,229 1,015 40,824
At 31 May 2023 38,098 9,607 986 48,691

5. Debtors

2024 2023
£ £
Amounts owed by directors (note 13) 0 168,009
Prepayments 31,811 17,488
VAT recoverable 54,477 0
Other debtors 558,310 398,144
644,598 583,641

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 360,669 525,933

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 127,589 45,455
Trade creditors 71,518 43,084
Amounts owed to directors (note 13) 719 0
Accruals 1,071 3,927
Taxation and social security 51,546 72,598
Obligations under finance leases and hire purchase contracts 5,860 7,976
Other creditors 521 583
258,824 173,623

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 53,835 106,411
Obligations under finance leases and hire purchase contracts 9,216 15,076
63,051 121,487

9. Provision for liabilities

2024 2023
£ £
Deferred tax 6,177 10,150

10. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 10,150) ( 8,003)
Credited/(charged) to the Income Statement 3,973 ( 2,147)
At the end of financial year ( 6,177) ( 10,150)

11. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each 50 50
50 B ordinary shares of £ 1.00 each 50 50
1 C ordinary share of £ 1.00 1 1
100 Ordinary shares of £ 1.00 each 100 100
201 201

12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 42,734 42,734
between one and five years 42,734 42,734
after five years 85,468 128,202
170,936 213,670

13. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

2024 2023
£ £
loan account 0 168,009