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REGISTERED NUMBER: 03343104 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Sabel Cosmetics Limited

Sabel Cosmetics Limited (Registered number: 03343104)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sabel Cosmetics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J B Abel
Mr S Abel





REGISTERED OFFICE: Mount Pellon Works
Pellon Lane
HALIFAX
West Yorkshire
HX1 4TZ





REGISTERED NUMBER: 03343104 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Sabel Cosmetics Limited (Registered number: 03343104)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 187,337 275,202

CURRENT ASSETS
Stocks 1,282,491 1,393,171
Debtors 6 1,167,533 2,085,033
Cash at bank and in hand 1,068,916 115,132
3,518,940 3,593,336
CREDITORS
Amounts falling due within one year 7 1,221,704 1,431,246
NET CURRENT ASSETS 2,297,236 2,162,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,484,573

2,437,292

CREDITORS
Amounts falling due after more than one
year

8

(45,578

)

(70,189

)

PROVISIONS FOR LIABILITIES (45,803 ) (53,244 )
NET ASSETS 2,393,192 2,313,859

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,393,190 2,313,857
SHAREHOLDERS' FUNDS 2,393,192 2,313,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sabel Cosmetics Limited (Registered number: 03343104)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Mr J B Abel - Director


Sabel Cosmetics Limited (Registered number: 03343104)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Sabel Cosmetics 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 33% on cost
Lab Equipment - 20% on cost
Plant and machinery - 20% on cost
Fixtures and equipment - 20% on cost
Office equipment - 20% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Sabel Cosmetics Limited (Registered number: 03343104)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 42 ) .

5. TANGIBLE FIXED ASSETS
Short Lab Plant and
leasehold Equipment machinery
£    £    £   
COST
At 1 May 2023 15,775 29,626 1,077,719
Additions - - 6,361
Disposals - - (47,070 )
At 30 April 2024 15,775 29,626 1,037,010
DEPRECIATION
At 1 May 2023 15,775 28,455 809,531
Charge for year - 537 96,698
Eliminated on disposal - - (47,070 )
At 30 April 2024 15,775 28,992 859,159
NET BOOK VALUE
At 30 April 2024 - 634 177,851
At 30 April 2023 - 1,171 268,188

Sabel Cosmetics Limited (Registered number: 03343104)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Office
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 23,139 27,221 1,173,480
Additions - 6,484 12,845
Disposals - - (47,070 )
At 30 April 2024 23,139 33,705 1,139,255
DEPRECIATION
At 1 May 2023 22,430 22,087 898,278
Charge for year 283 3,192 100,710
Eliminated on disposal - - (47,070 )
At 30 April 2024 22,713 25,279 951,918
NET BOOK VALUE
At 30 April 2024 426 8,426 187,337
At 30 April 2023 709 5,134 275,202

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 154,041
DEPRECIATION
At 1 May 2023 33,691
Charge for year 30,808
At 30 April 2024 64,499
NET BOOK VALUE
At 30 April 2024 89,542
At 30 April 2023 120,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 701,812 1,364,018
Amounts owed by group undertakings 377,539 577,539
Corporation tax recoverable - 38,575
Prepayments & accrued income 88,182 104,901
1,167,533 2,085,033

Sabel Cosmetics Limited (Registered number: 03343104)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 79,140
Hire purchase contracts (see note 9) 24,610 27,569
Trade creditors 616,034 975,936
Tax 141,466 10,600
Social security and other taxes 24,476 28,857
VAT 98,286 103,174
Other creditors 14,647 14,426
Directors' loan accounts 126 1,950
Accrued expenses 302,059 189,594
1,221,704 1,431,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts (see note 9) 45,578 70,189

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Gross obligations repayable:
Within one year 28,788 33,811
Between one and five years 49,378 78,166
78,166 111,977

Finance charges repayable:
Within one year 4,178 6,242
Between one and five years 3,800 7,977
7,978 14,219

Net obligations repayable:
Within one year 24,610 27,569
Between one and five years 45,578 70,189
70,188 97,758

Sabel Cosmetics Limited (Registered number: 03343104)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 123,246 101,627
Between one and five years 258,083 18,194
381,329 119,821

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft - 79,140
Hire purchase contracts 70,188 97,758
70,188 176,898

Hire purchase creditors are secured upon the related fixed assets.
The bank overdraft is secured by a fixed and floating charge over all property and assets owned by the company.

11. CONTINGENT LIABILITIES

The assets of the company are held as a guarantee & debenture by way of a fixed and floating charge over the undertaking and all property and assets present and future on behalf of Hotbed Portfolio Managers LLP (as security trustee for the secured parties) for loan notes to the value of £1,651,056 (2023 £1,651,056) which are due to the secured parties now or at an appointed time in the future by Sabel Cosmetics Holdings Limited, the 100% owner of the company.