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REGISTERED NUMBER: 12112068 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Vend Luxe Ltd

Vend Luxe Ltd (Registered number: 12112068)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vend Luxe Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P J Bramall
J D R Horgan
A G Birt
Mrs H Pearson





SECRETARY:





REGISTERED OFFICE: 75 Grosvenor Street
Mayfair
London
W1K 3JS





REGISTERED NUMBER: 12112068 (England and Wales)





ACCOUNTANTS: David Lloyd & Co
Chartered Accountants
75 Grosvenor Street
Mayfair
London
W1K 3JS

Vend Luxe Ltd (Registered number: 12112068)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,595 33,895

CURRENT ASSETS
Stocks 5 401,499 515,768
Debtors 6 25,692 1,860
Cash at bank and in hand 386,957 447,530
814,148 965,158
CREDITORS
Amounts falling due within one year 7 229,580 393,584
NET CURRENT ASSETS 584,568 571,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,163

605,469

CREDITORS
Amounts falling due after more than one
year

8

1,499,700

1,249,900
NET LIABILITIES (879,537 ) (644,431 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (879,637 ) (644,531 )
SHAREHOLDERS' FUNDS (879,537 ) (644,431 )

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

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

Vend Luxe Ltd (Registered number: 12112068)

Balance Sheet - continued
31 December 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 3 April 2025 and were signed on its behalf by:





P J Bramall - Director


Vend Luxe Ltd (Registered number: 12112068)

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

1. STATUTORY INFORMATION

Vend Luxe 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks 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.

Going concern
The directors have received confirmation from both the company's direct parent company and its ultimate group parent company that the funding provided by them will not be called in over the next 5 years and therefore the directors believe that the preparation of the accounts may be undertaken on a going concern basis and have accordingly done so.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

Vend Luxe Ltd (Registered number: 12112068)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 42,301
Additions 7,267
At 31 December 2024 49,568
DEPRECIATION
At 1 January 2024 8,406
Charge for year 5,567
At 31 December 2024 13,973
NET BOOK VALUE
At 31 December 2024 35,595
At 31 December 2023 33,895

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 401,499 515,768

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 1,860 1,860
Prepayments 23,832 -
25,692 1,860

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 139,515 172,842
Social security and other taxes 16,485 8,727
Pension Fund Contributions 2,455 2,669
VAT 56,309 59,346
Other creditors - 150,000
Accrued expenses 14,816 -
229,580 393,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 1,499,700 1,249,900

Vend Luxe Ltd (Registered number: 12112068)

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

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Share capital 1 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2024 (644,531 )
Deficit for the year (235,106 )
At 31 December 2024 (879,637 )

11. BOBBY'S BEAUTY LOYALTY PROGRAMME

The company runs a loyalty programme, known as the "Bobby's Beauty Loyalty Plan" for customers who have joined the scheme. The customers earn points on purchases which accumulate to their benefit. The points can then be converted to a discount on future purchases subject to the terms and conditions of the scheme.

As the points accrue to the scheme members a potential liability arises against the company. Accordingly the Board of Directors are conscious of the potential impact this liability may have on the company's results each year and undertake a review each year to determine the potential of the exposure.

As at the 31 December 2024 the total outstanding loyalty scheme points amounted to £28,694.94. Whilst, the Board of Directors consider this to be material to the year results they are of the opinion that it is unlikely that all the points would be converted at the same time. Further some points may never be converted. The Directors believe that to show a fair view of this exposure the conversion of the points should only be recognized when actually used by the scheme member and accordingly the Board have decided not to account for this potential liability within the results for the year.

The Board of Directors will monitor this exposure in future years and note the potential liability accordingly.