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Registration number: 12992074

Aromatan UK Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Aromatan UK Ltd

Company Information

Directors

Mr Ali Nabee

Mr Hafiz Rosemeen Khandwala

Mr Hafiz Anver Kandawala

Registered office

Unit 113 A Leyland Trading Estate, Wellingborough
London
NN8 1RT

Accountants

Mehta & Tengra 9 Berners Place
London
W1T 3AD

 

Aromatan UK Ltd

(Registration number: 12992074)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

215

-

Current assets

 

Stocks

5

33,480

24,962

Debtors

6

194,969

104,501

Cash at bank and in hand

 

44,231

21,402

 

272,680

150,865

Creditors: Amounts falling due within one year

7

(317,721)

(155,717)

Net current liabilities

 

(45,041)

(4,852)

Net liabilities

 

(44,826)

(4,852)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(44,926)

(4,952)

Shareholders' deficit

 

(44,826)

(4,852)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 February 2025 and signed on its behalf by:
 

.........................................
Mr Ali Nabee
Director

 

Aromatan UK Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

(4,952)

(4,852)

Loss for the year

-

(39,974)

(39,974)

At 31 March 2024

100

(44,926)

(44,826)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

28,864

28,964

Loss for the year

-

(33,816)

(33,816)

At 31 March 2023

100

(4,952)

(4,852)

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 113 A Leyland Trading Estate, Wellingborough
London
NN8 1RT
United Kingdom

These financial statements were authorised for issue by the Board on 12 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

215

215

At 31 March 2024

215

215

Depreciation

Carrying amount

At 31 March 2024

215

215

5

Stocks

2024
£

2023
£

Other inventories

33,480

24,962

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

26,051

26,878

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10

68,597

77,623

Other debtors

 

59,426

-

Other taxation

 

40,895

-

   

194,969

104,501

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

2,045

-

Trade creditors

 

223,444

122,522

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

-

6,805

Other taxation

 

64,249

23,860

Accruals and deferred income

 

-

2,530

Other creditors

 

27,983

-

 

317,721

155,717

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

2,045

-

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Fees

1,355

-

Summary of transactions with parent

Aromatan Cosmetics Pvt Ltd

Expenditure with and payables to related parties

2024

Parent
£

Purchase of goods

208,749

Amounts payable to related party

209,862

2023

Parent
£

Purchase of goods

166,035

Amounts payable to related party

113,218

Summary of transactions with other related parties

Aromatan USA Inc

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

77,623

77,623

Repaid

(9,025)

(9,025)

At end of period

68,598

68,598

2023

Other related parties
£

Total
£

At start of period

77,623

77,623

At end of period

77,623

77,623

Terms of loans to related parties

Due on demand

 

Aromatan UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Loans from related parties

2023

Parent
£

Total
£

At start of period

6,805

6,805

At end of period

6,805

6,805

Terms of loans from related parties

due on demand.
 

11

Going Concern

The Parent company has agreed to support the company for next twelve months from the signing of the accounts.

12

Parent and ultimate parent undertaking

The company's immediate parent is Aromatan Cosmetics Pvt Ltd, incorporated in India.