12713343falsemanufacture of perfumes and cosmetics2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/cd:Director22023-08-012024-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12713343

The Soap Shack Wholesale Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

The Soap Shack Wholesale Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
Mr S W Kierans (resigned 07-01-2025)
Miss N McLoughlin
REGISTERED OFFICE
Union Mill
Bacup Road
Rawtenstall
Lancashire
BB4 7JN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12713343
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL112ER

The Soap Shack Wholesale Ltd

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Soap Shack Wholesale Ltd

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets313,02015,220
Tangible assets426,99135,402
40,01150,622
CURRENT ASSETS
Stock67,80748,130
Debtors6103,6867,757
Cash at bank and in hand68,85624,284
240,34980,171
CREDITORS: Amounts falling due within one year83,55531,437
NET CURRENT ASSETS156,79448,734
TOTAL ASSETS LESS CURRENT LIABILITIES196,80599,356
CREDITORS: Amounts falling due after more than one year76,95410,233
PROVISIONS FOR LIABILITIES AND CHARGES81,428-
NET ASSETS188,42389,123
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account188,32389,023
SHAREHOLDERS' FUNDS188,42389,123
For the year ending 31/07/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/04/2025 and signed on their behalf by
.............................
Miss N McLoughlin
Director

The Soap Shack Wholesale Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 20%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

The Soap Shack Wholesale Ltd

1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years.
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20242023
No.No.
Average number of employees1413
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/202322,00022,000
At 31/07/202422,00022,000
Depreciation
At 01/08/20236,7806,780
For the year2,2002,200
At 31/07/20248,9808,980
Net Book Amounts
At 31/07/202413,02013,020
At 31/07/202315,22015,220

The Soap Shack Wholesale Ltd

4. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/08/202332,54623,98056,526
Additions1,838-1,838
At 31/07/202434,38423,98058,364
Depreciation
At 01/08/202310,63310,49121,124
For the year6,8773,37210,249
At 31/07/202417,51013,86331,373
Net Book Amounts
At 31/07/202416,87410,11726,991
At 31/07/202321,91313,48935,402
5. STOCK 20242023
££
Stock comprises:
Stock67,80748,130
67,80748,130
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors76,4611,368
PAYE control-291
Amounts due from The Soap Shack Retail Ltd27,225-
Prepayments-166
Deferred taxation-5,932
103,6867,757
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase >1 year6,95410,233
6,95410,233

The Soap Shack Wholesale Ltd

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,428(5,932)
1,428-
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
New shares issued during period:
0 Ordinary shares of £1 each0100
10. CONTROLLING PARTY
The company is controlled by the directors whom own 100% of the company's share capital
11. RELATED PARTY TRANSACTIONS
The Soap Shack Wholesale Ltd made sales to the Soap shack Ltd during the period amounting to £36,312 (2023 £36,435), a company which is owned by the directors.