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REGISTERED NUMBER: 08715950 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

TTWC Beauty Products Limited

TTWC Beauty Products Limited (Registered number: 08715950)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TTWC Beauty Products Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr G Harvey-Orme



REGISTERED OFFICE: Queen Street Chambers
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



REGISTERED NUMBER: 08715950 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: National Westminster Bank plc
20 Corporation Street
Blackpool
FY1 1EJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
TTWC Beauty Products Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TTWC Beauty Products Limited for the year ended 31 October 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TTWC Beauty Products Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TTWC Beauty Products Limited and state those matters that we have agreed to state to the director of TTWC Beauty Products Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TTWC Beauty Products Limited and its director for our work or for this report.

It is your duty to ensure that TTWC Beauty Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TTWC Beauty Products Limited. You consider that TTWC Beauty Products Limited 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 financial statements of TTWC Beauty Products Limited. 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 financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


29 October 2024

TTWC Beauty Products Limited (Registered number: 08715950)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,195 127,618
Investment property 6 75,000 -
149,195 127,618

CURRENT ASSETS
Stocks 1,124,278 1,172,382
Debtors 7 264,763 269,069
Cash at bank 424,582 905,646
1,813,623 2,347,097
CREDITORS
Amounts falling due within one year 8 (542,454 ) (1,068,957 )
NET CURRENT ASSETS 1,271,169 1,278,140
TOTAL ASSETS LESS CURRENT LIABILITIES 1,420,364 1,405,758

CREDITORS
Amounts falling due after more than one
year

9

(221,692

)

(346,132

)

PROVISIONS FOR LIABILITIES (6,854 ) (836 )
NET ASSETS 1,191,818 1,058,790

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,191,817 1,058,789
1,191,818 1,058,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TTWC Beauty Products Limited (Registered number: 08715950)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mr G Harvey-Orme - Director


TTWC Beauty Products Limited (Registered number: 08715950)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

TTWC Beauty Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.


TTWC Beauty Products Limited (Registered number: 08715950)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

TTWC Beauty Products Limited (Registered number: 08715950)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 101,235 24,709 12,816 6,500 145,260
Additions 1 - 1,781 - 1,782
Reclassification/transfer (50,618 ) - - - (50,618 )
At 31 October 2023 50,618 24,709 14,597 6,500 96,424
DEPRECIATION
At 1 November 2022 2,193 535 9,282 5,632 17,642
Charge for year 1,013 495 2,862 217 4,587
At 31 October 2023 3,206 1,030 12,144 5,849 22,229
NET BOOK VALUE
At 31 October 2023 47,412 23,679 2,453 651 74,195
At 31 October 2022 99,042 24,174 3,534 868 127,618

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 24,382
Reclassification/transfer 50,618
At 31 October 2023 75,000
NET BOOK VALUE
At 31 October 2023 75,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 24,382
Cost 50,618
75,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 90,775 33,311
Other debtors 173,988 235,758
264,763 269,069

TTWC Beauty Products Limited (Registered number: 08715950)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 124,440 111,397
Trade creditors 188,527 876,302
Taxation and social security 223,338 76,486
Other creditors 6,149 4,772
542,454 1,068,957

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans 221,692 346,132

Part of the loan balance £319,502 (2022 : £421,048) relates to two Coronavirus Business Interruption Loans and part relates to a bounce back loan £26,630 (2022 : £36,481). All loans are guaranteed by the UK Government.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
Mr G Harvey-Orme
Balance outstanding at start of year 235,759 297,803
Amounts advanced 242,955 357,968
Amounts repaid (349,970 ) (420,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 128,744 235,759