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The Ilex Wood Natural Skin Care Limited
 
Director's Report and Unaudited Consolidated Financial Statements
 
for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024



The Ilex Wood Natural Skin Care Limited
DIRECTOR AND OTHER INFORMATION

 
Director Holly Coulton-Wood (Appointed 20 February 2024)
 
 
Company Registration Number 15506370
 
 
Registered Office and Business Address 71-75 Shelton Street
London
WC2H 9JQ
United Kingdom
 
 
Accountants ZincBooks
27 Nettle Gap Close
Wootton Fields
Northampton
NN4 6AH
GB



The Ilex Wood Natural Skin Care Limited
DIRECTOR'S REPORT
for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024

 
The director presents their report and the unaudited financial statements for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024.
 
Principal Activity
The principal activity of the group is the sale of natural beauty products.
     
Director
The director who served during the financial period is as follows:
     
Holly Coulton-Wood (Appointed 20 February 2024)
   
There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.
     
Political Contributions
The group did not make any disclosable political donations in the current financial period.
     
Statement of Director's Responsibilities
     
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________
Holly Coulton-Wood
Director
     
15 May 2025



The Ilex Wood Natural Skin Care Limited

ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of The Ilex Wood Natural Skin Care Limited
for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024 as set out on pages 6 to 21 which comprise the Group Profit and Loss Account, the Group Balance Sheet, the Company Balance Sheet, the Group Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of The Ilex Wood Natural Skin Care Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the period ended 31 December 2024 your duty to ensure that The Ilex Wood Natural Skin Care Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Ilex Wood Natural Skin Care Limited. You consider that The Ilex Wood Natural Skin Care Limited is exempt from the statutory audit requirement for the financial period.
 
We have not been instructed to carry out an audit or a review of the financial statements of The Ilex Wood Natural Skin Care Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
 
 
 
__________________________________
ZINCBOOKS
27 Nettle Gap Close
Wootton Fields
Northampton
NN4 6AH
GB
 
15 May 2025



The Ilex Wood Natural Skin Care Limited
CONSOLIDATED PROFIT AND LOSS ACCOUNT
for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024
Dec 24
Notes £

Turnover 1,101,012
 
Cost of sales (614,276)
─────────
Gross profit 486,736
 
Distribution costs (6,005)
Administrative expenses (429,394)
Other operating income 556
─────────
Group operating profit 51,893
 
Interest payable and similar expenses 5 (33,236)
─────────
Profit before taxation 18,657
 
Tax on profit 7 (1,465)
─────────
Profit for the financial period 17,192
─────────
Total comprehensive income 17,192
    ═════════



The Ilex Wood Natural Skin Care Limited
Company Registration Number: 15506370
CONSOLIDATED BALANCE SHEET
as at 31 December 2024

Dec 24
Notes £
 
Fixed Assets
Tangible assets 9 70,160
Investments 10 64,028
─────────
Fixed Assets 134,188
─────────
 
Current Assets
Stocks 11 100,196
Debtors 12 55,726
Cash and cash equivalents 4,519
─────────
160,441
─────────
Creditors: amounts falling due within one year 13 (66,337)
─────────
Net Current Assets 94,104
─────────
Total Assets less Current Liabilities 228,292
 
Creditors:
amounts falling due after more than one year 14 (139,798)
─────────
Net Assets 88,494
═════════
 
Capital and Reserves
Called up share capital 3
Retained earnings 88,491
─────────
Equity attributable to owners of the company 88,494
═════════
 
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
       
For the financial period from 20 February 2024 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 15 May 2025
       
       
________________________________      
Holly Coulton-Wood      
Director      
       



The Ilex Wood Natural Skin Care Limited
Company Number: 15506370
COMPANY BALANCE SHEET
as at 31 December 2024
Dec 24
Notes £

Fixed Assets
Investments 10 1
─────────
 
Current Assets
Debtors 12 2
─────────
Creditors: Amounts falling due within one year 13 (1)
─────────
 
Net Current Assets 1
─────────
Total Assets less Current Liabilities 2
═════════
       
Capital and Reserves
Called up share capital     2
      ─────────
Shareholders' Funds     2
      ═════════
       
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
       
For the financial period from 20 February 2024 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The director acknowledges their responsibility for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 15 May 2025
       
       
________________________________      
Holly Coulton-Wood      
Director      



The Ilex Wood Natural Skin Care Limited
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
as at 31 December 2024

Called up Retained Total
share earnings
capital
£ £ £
 
At 19 February 2024 1 71,299 71,300
  ───────── ───────── ─────────
Profit for the financial period - 17,192 17,192
  ───────── ───────── ─────────
Net proceeds of equity
ordinary share issue 2 - 2
  ───────── ───────── ─────────
At 31 December 2024 3 88,491 88,494
  ═════════ ═════════ ═════════



The Ilex Wood Natural Skin Care Limited
COMPANY STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024
 
Called up Total
share
capital
£ £
 
Net proceeds of equity
ordinary share issue 2 2
  ───────── ─────────
At 31 December 2024 2 2
  ═════════ ═════════



The Ilex Wood Natural Skin Care Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 20 February 2024 (date of incorporation) to 31 December 2024

   
1. General Information
 
The Ilex Wood Natural Skin Care Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 15506370. The registered office of the company is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom which is also the principal place of business of the company. The principal activity of the group is the sale of natural beauty products. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the group's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 20% Straight line
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial period in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Basis of consolidation
The consolidated financial statements include the financial statements of the holding company and all its subsidiary companies made up to 31 December 2024.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 10 month 12 days period from 20 February 2024 (date of incorporation) to 31 December 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Interest payable and similar expenses Dec 24
  £
 
On bank loans and overdrafts 33,236
  ═════════
     
6. Employees
 
The average monthly number of employees, including director, during the financial period was 7, (Feb 24 - 7).
 
  Dec 24
  Number
 
Adminstration 7
  ═════════
     
7. Tax on profit
  Dec 24
  £
(a)     Analysis of charge in the financial period
 
Current tax:
Corporation tax  (Note 7 (b)) 1,465
  ═════════
 
(b)     Factors affecting tax charge for the financial period
 
The tax assessed for the financial period differs from the standard rate of corporation tax in United Kingdom. The differences are explained below:
  Dec 24
  £
 
Profit taxable at 0.00% 18,657
  ═════════
Effects of:
Utilisation of tax losses 1,465
  ─────────
Total tax charge for the financial period (Note 7 (a)) 1,465
  ═════════
 
   
8. Profit attributable to members of the parent company
 
In accordance with section 408 of the Companies Act 2006 a separate Profit and Loss Account for the company has not been presented in these financial statements. The profit dealt with in the financial statements of the parent company was £0.
           
9. Tangible assets
Group
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 20 February 2024 23,432 11,461 43,569 78,462
Additions 742 - - 742
  ───────── ───────── ───────── ─────────
At 31 December 2024 24,174 11,461 43,569 79,204
  ───────── ───────── ───────── ─────────
Depreciation
At 20 February 2024 - - - -
Charge for the financial period 5,595 2,894 555 9,044
  ───────── ───────── ───────── ─────────
At 31 December 2024 5,595 2,894 555 9,044
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2024 18,579 8,567 43,014 70,160
  ═════════ ═════════ ═════════ ═════════
At 19 February 2024 23,432 11,461 43,569 78,462
  ═════════ ═════════ ═════════ ═════════
         
10. Investments
Group
  Participating Other Total
  interests/ investments  
  joint ventures    
       
Investments £ £ £
Cost
At 20 February 2024 - (2,524) (2,524)
Additions 1 64,027 64,028
Disposals - 2,524 2,524
  ───────── ───────── ─────────
At 31 December 2024 1 64,027 64,028
  ───────── ───────── ─────────
Net book value
At 31 December 2024 1 64,027 64,028
  ═════════ ═════════ ═════════
At 19 February 2024 - (2,524) (2,524)
  ═════════ ═════════ ═════════
       
Company
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
Additions 1 1
  ───────── ─────────
At 31 December 2024 1 1
  ───────── ─────────
Net book value
At 31 December 2024 1 1
  ═════════ ═════════
     
11. Stocks Dec 24
  £
 
Group
Finished goods and goods for resale 100,196
  ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
     
12. Debtors Dec 24
  £
 
Group
Trade debtors 35,574
Taxation  (Note 15) 2,175
Called up share capital not paid 2
Prepayments and accrued income 17,975
  ─────────
  55,726
  ═════════
     
  Dec 24
  £
Company
Called up share capital not paid 2
  ═════════
     
13. Creditors Dec 24
Amounts falling due within one year £
 
Group
Trade creditors 1,858
Taxation  (Note 15) 4,934
Director's current account 37,930
Other creditors 21,583
Pension accrual 32
  ─────────
  66,337
  ═════════
     
  Dec 24
Amounts falling due within one year £
 
Company
Other creditors 1
  ═════════
     
14. Creditors Dec 24
Amounts falling due after more than one year £
 
Group
Bank loan 60,799
Finance leases and hire purchase contracts 78,999
  ─────────
  139,798
  ═════════
 
Loans
Repayable between one and two years 60,799
  ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable between one and five years 78,999
  ═════════
     
15. Taxation Dec 24
  £
Group
 
Debtors:
Corporation tax -
PAYE / NI 2,175
  ═════════
Creditors:
VAT 4,934
  ═════════
     
16. Financial commitments
Group
 
Total future minimum lease payments under non-cancellable operating leases are as follows:
 
  Dec 24
  £
Due:
Within one year 6,332
Between one and five years 6,332
  ─────────
  12,664
  ═════════
     
17. Capital commitments
Group
 
The group had no material capital commitments at the financial period-ended 31 December 2024.
     
Company  
 
The company had no material capital commitments at the financial period-ended 31 December 2024.
         
18. Related party transactions
 
There are no related party transactions to disclose.
   
19. Director's advances, credits and guarantees
 
At the year end the director was owed £37,930.
   
20. Post-Balance Sheet Events
 
There have been no significant events affecting the group since the financial period-end.