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REGISTERED NUMBER: 07656535 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

UK Essential Oils Ltd

UK Essential Oils Ltd (Registered number: 07656535)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UK Essential Oils Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr S M Holmes





REGISTERED OFFICE: Inglenook Farm
Moss Nook Lane
Rainford
ST HELENS
Merseyside
WA11 8AE





REGISTERED NUMBER: 07656535 (England and Wales)





ACCOUNTANTS: GR Taylor & Co Accountants
54-56 Ormskirk Street
ST HELENS
Merseyside
WA10 2TF

UK Essential Oils Ltd (Registered number: 07656535)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,890
Tangible assets 5 7,717 10,302
7,717 12,192

CURRENT ASSETS
Stocks and WIP 59,187 322,324
Debtors 6 174,961 106,666
Cash at bank 70,870 81,407
305,018 510,397
CREDITORS
Amounts falling due within one year 75,749 88,061
NET CURRENT ASSETS 229,269 422,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,986

434,528

CREDITORS
Amounts falling due after more than one
year

119,219

168,731
NET ASSETS 117,767 265,797

CAPITAL AND RESERVES
Called up share capital 7 67 102
Retained earnings 117,700 265,695
SHAREHOLDERS' FUNDS 117,767 265,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

UK Essential Oils Ltd (Registered number: 07656535)

Abridged Balance Sheet - continued
31 August 2024



The financial statements were approved by the director and authorised for issue on 10 April 2025 and were signed by:





Mr S M Holmes - Director


UK Essential Oils Ltd (Registered number: 07656535)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

UK Essential Oils Ltd 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.

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.

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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

UK Essential Oils Ltd (Registered number: 07656535)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 1,890
Disposals (1,890 )
At 31 August 2024 -
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 1,890

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 98,614
DEPRECIATION
At 1 September 2023 88,312
Charge for year 2,585
At 31 August 2024 90,897
NET BOOK VALUE
At 31 August 2024 7,717
At 31 August 2023 10,302

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other debtors 169,251 99,311

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
35 Ordinary A £1 65 100
(31.8.23 - 100 )
2 Ordinary B £1 2 2
67 102