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Company Registration No. 03520824 (England and Wales)
Izabelle Hammon Ltd Unaudited accounts for the year ended 31 March 2024
Izabelle Hammon Ltd Unaudited accounts Contents
Page
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Izabelle Hammon Ltd Company Information for the year ended 31 March 2024
Directors
Izabelle Barbara Hammon Nicola Hammon-Molloy
Company Number
03520824 (England and Wales)
Registered Office
Izabelle Hammon Ltd Unit 35 Goulds Close Bletchley Milton Keynes Buckinghamshire MK1 1EQ England
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Izabelle Hammon Ltd Accountants' report
Accountants' report to the board of directors of Izabelle Hammon Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Izabelle Hammon Ltd for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Izabelle Hammon Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Izabelle Hammon Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Izabelle Hammon Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Izabelle Hammon Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Izabelle Hammon Ltd. You consider that Izabelle Hammon Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Izabelle Hammon Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
8 October 2024
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Izabelle Hammon Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,402 
4,252 
Tangible assets
20,408 
29,520 
23,810 
33,772 
Current assets
Inventories
330,047 
337,287 
Debtors
238,791 
277,571 
Cash at bank and in hand
281,326 
298,683 
850,164 
913,541 
Creditors: amounts falling due within one year
(256,856)
(162,136)
Net current assets
593,308 
751,405 
Total assets less current liabilities
617,118 
785,177 
Creditors: amounts falling due after more than one year
(12,431)
(22,569)
Provisions for liabilities
Deferred tax
(4,524)
- 
Net assets
600,163 
762,608 
Capital and reserves
Called up share capital
60 
60 
Capital redemption reserve
40 
40 
Profit and loss account
600,063 
762,508 
Shareholders' funds
600,163 
762,608 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Izabelle Barbara Hammon Director Company Registration No. 03520824
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Izabelle Hammon Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Izabelle Hammon Ltd is a private company, limited by shares, registered in England and Wales, registration number 03520824. The registered office is Izabelle Hammon Ltd, Unit 35 Goulds Close, Bletchley, Milton Keynes, Buckinghamshire, MK1 1EQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold - over 10 years
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Other tangible fixed assets
Website - not depreciated
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Izabelle Hammon Ltd Notes to the Accounts for the year ended 31 March 2024
Turnover
Analysis of turnover by country of destination: 2024 United Kingdom £801,551 Rest of Europe £43,692 Rest of World £6,779 Total £852,022 2023 United Kingdom £934,908 Rest of Europe £55,826 Rest of World £6,799 Total £997,533
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
7,000 
37,743 
44,743 
At 31 March 2024
7,000 
37,743 
44,743 
Amortisation
At 1 April 2023
7,000 
33,491 
40,491 
Charge for the year
- 
850 
850 
At 31 March 2024
7,000 
34,341 
41,341 
Net book value
At 31 March 2024
- 
3,402 
3,402 
At 31 March 2023
- 
4,252 
4,252 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
94,126 
131,392 
225,518 
Additions
2,108 
- 
2,108 
Disposals
- 
(2,108)
(2,108)
At 31 March 2024
96,234 
129,284 
225,518 
Depreciation
At 1 April 2023
72,849 
123,149 
195,998 
Charge for the year
5,536 
3,576 
9,112 
At 31 March 2024
78,385 
126,725 
205,110 
Net book value
At 31 March 2024
17,849 
2,559 
20,408 
At 31 March 2023
21,277 
8,243 
29,520 
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Izabelle Hammon Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
839 
Accrued income and prepayments
35,234 
28,285 
Other debtors
203,557 
248,447 
238,791 
277,571 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,069 
10,000 
VAT
16,980 
17,880 
Trade creditors
156,116 
69,544 
Taxes and social security
6,313 
5,664 
Other creditors
57,525 
53,064 
Accruals
9,853 
5,984 
256,856 
162,136 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,431 
22,569 
9
Loans to directors
Included within other debtors are loans due from the Directors amounting to £105,590 (2023 £169,628). Interest is charged at 2% and the loan is repayable on demand.
10
Transactions with related parties
The Directors are also Directors and Shareholders of Beauty ID Manufacturers Limited. At the balance sheet date Beauty ID Manufacturers Limited owed £104,742 (2023 £Nil) to Izabelle Hammon Limited.
11
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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