IRIS Accounts Production v25.1.3.33 02269910 Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities Forever Living Products (U.K.) Limited is in the market of health, beauty and nutritional products. It operates within a network marketing structure. Its business owners distribute the products via direct selling. ++ Forever U.K.'s head office is in Warwick and it has Forever Centre facilities in London and Warwick. true false true true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022699102023-12-31022699102024-12-31022699102024-01-012024-12-31022699102022-12-31022699102023-01-012023-12-31022699102023-12-3102269910ns15:EnglandWales2024-01-012024-12-3102269910ns14:PoundSterling2024-01-012024-12-3102269910ns10:Director12024-01-012024-12-3102269910ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102269910ns10:MediumEntities2024-01-012024-12-3102269910ns10:Audited2024-01-012024-12-3102269910ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3102269910ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3102269910ns10:FullAccounts2024-01-012024-12-310226991012024-01-012024-12-3102269910ns10:OrdinaryShareClass12024-01-012024-12-3102269910ns10:Director22024-01-012024-12-3102269910ns10:CompanySecretary12024-01-012024-12-3102269910ns10:CompanySecretary22024-01-012024-12-3102269910ns10:RegisteredOffice2024-01-012024-12-3102269910ns5:CurrentFinancialInstruments2024-12-3102269910ns5:CurrentFinancialInstruments2023-12-3102269910ns5:Non-currentFinancialInstruments2024-12-3102269910ns5:Non-currentFinancialInstruments2023-12-3102269910ns5:ShareCapital2024-12-3102269910ns5:ShareCapital2023-12-3102269910ns5:RetainedEarningsAccumulatedLosses2024-12-3102269910ns5:RetainedEarningsAccumulatedLosses2023-12-3102269910ns5:ShareCapital2022-12-3102269910ns5:RetainedEarningsAccumulatedLosses2022-12-3102269910ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3102269910ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3102269910ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3102269910ns5:ComputerSoftware2024-01-012024-12-3102269910ns5:FurnitureFittings2024-01-012024-12-3102269910ns5:MotorVehicles2024-01-012024-12-3102269910ns5:ComputerEquipment2024-01-012024-12-3102269910ns5:ReportableOperatingSegment12024-01-012024-12-3102269910ns5:ReportableOperatingSegment12023-01-012023-12-3102269910ns5:ReportableOperatingSegment22024-01-012024-12-3102269910ns5:ReportableOperatingSegment22023-01-012023-12-3102269910ns5:ReportableOperatingSegment32024-01-012024-12-3102269910ns5:ReportableOperatingSegment32023-01-012023-12-3102269910ns5:ReportableOperatingSegment42024-01-012024-12-3102269910ns5:ReportableOperatingSegment42023-01-012023-12-3102269910ns5:ReportableOperatingSegment52024-01-012024-12-3102269910ns5:ReportableOperatingSegment52023-01-012023-12-3102269910ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2024-01-012024-12-3102269910ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-01-012023-12-3102269910ns5:OwnedAssets2024-01-012024-12-3102269910ns5:OwnedAssets2023-01-012023-12-3102269910ns5:LeasedAssets2024-01-012024-12-3102269910ns5:LeasedAssets2023-01-012023-12-3102269910ns5:ComputerSoftware2023-01-012023-12-3102269910ns5:HirePurchaseContracts2024-01-012024-12-3102269910ns5:HirePurchaseContracts2023-01-012023-12-3102269910ns10:OrdinaryShareClass12023-01-012023-12-3102269910ns5:ComputerSoftware2023-12-3102269910ns5:ComputerSoftware2024-12-3102269910ns5:ComputerSoftware2023-12-3102269910ns5:FurnitureFittings2023-12-3102269910ns5:MotorVehicles2023-12-3102269910ns5:ComputerEquipment2023-12-3102269910ns5:FurnitureFittings2024-12-3102269910ns5:MotorVehicles2024-12-3102269910ns5:ComputerEquipment2024-12-3102269910ns5:FurnitureFittings2023-12-3102269910ns5:MotorVehicles2023-12-3102269910ns5:ComputerEquipment2023-12-3102269910ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3102269910ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3102269910ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3102269910ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3102269910ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102269910ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102269910ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3102269910ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3102269910ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3102269910ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3102269910ns5:HirePurchaseContracts2024-12-3102269910ns5:HirePurchaseContracts2023-12-3102269910ns5:WithinOneYear2024-12-3102269910ns5:WithinOneYear2023-12-3102269910ns5:BetweenOneFiveYears2024-12-3102269910ns5:BetweenOneFiveYears2023-12-3102269910ns5:MoreThanFiveYears2024-12-3102269910ns5:MoreThanFiveYears2023-12-3102269910ns5:AllPeriods2024-12-3102269910ns5:AllPeriods2023-12-3102269910ns5:DeferredTaxation2023-12-3102269910ns5:DeferredTaxation2024-01-012024-12-3102269910ns5:DeferredTaxation2024-12-3102269910ns10:OrdinaryShareClass12024-12-3102269910ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 02269910 (England and Wales)




STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FOREVER LIVING PRODUCTS (U.K.) LIMITED

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


FOREVER LIVING PRODUCTS (U.K.) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: G E Maughan
A G O'Hare





SECRETARIES: G E Maughan
A G O'Hare





REGISTERED OFFICE: 35 Homer Road
Solihull
West Midlands
B91 3QJ





REGISTERED NUMBER: 02269910 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

STRATEGIC REPORT
for the year ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The principal activity of the company during the year was the sale and distribution of Forever Living Products within the United Kingdom.

2024 has been a less successful but profitable year for the Company, with sales decreasing by 8%. This is due to the continuing challenges post the pandemic period.

Legislation continues to be of some risk to the Company, in particular the Nutrition and Health Claims Regulations.

The company's Compliance Team continues to work with business owners on what is compliant and what they can say in adverts and social media posts.

Forever has a strong sustainability policy and continues to reduce waste and increase recycling.

One of the Company's key measurements of effectiveness of its operations is calculating gross profit margin. The Company's gross profit margin for the year is the same as the previous year at 74% (2023 - 74%). The company has recorded an operating profit of £801,837 in the current year compared to £498,266 in 2023.

The balance sheet on page 10 shows that the company's net assets at the year-end have increased.

The Company's cash levels have decreased by £3,537,409 from £7,298,742 at the end of 2023 to £3,761,333 at the end of the current financial year.

PRINCIPAL RISKS AND UNCERTAINTIES
The Company's activities expose it to several financial risks including credit risk and cash flow risk.

Cash flow risk
The Company purchases all its products from Forever Direct, a related party of the Company and therefore is exposed to movement in the Euro to Pound Sterling exchange rate. The company minimises the risk of exchange rate fluctuations by operating a currency bank account. The company monitors the Euro exchange rate and purchases when the rate is favourable.

Credit risk
The Company's principal financial assets are cash and trade and other receivables.

The Company's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The Company has no significant concentration of credit risk, with exposure spread over many customers.

Liquidity risk
To maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the Company always maintains sufficient cash reserves.

Price risk
The price of products may increase due to changes in exchange rates and/or production costs but is mitigated by being part of a Group purchasing arrangement whereby America sets all our prices, and costs are also set by a worldwide pricing structure and thus exposure is reduced.

FUTURE DEVELOPMENTS
The Directors expect the general level of activity to remain consistent with 2024 in the forthcoming year. This is because of continuing work on encouraging recruitment by business owners, new products launched and the move to a brand-new modern Head Office in Solihull.


FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

STRATEGIC REPORT
for the year ended 31 December 2024

GOING CONCERN
The company's business activities together with the factors likely to affect its future development are set out above. The principal risks and uncertainties of the company are set out above. The directors have considered the financial and cash flow forecasts for a period more than 12 months from the date of signing these financial statements and concluded that income and future cash flows will continue to be derived from the company's principal activity and that the company has sufficient financial resources available for the foreseeable future. Consequently, the directors believe that the company is well placed to manage its business risks and meet its liabilities as they fall due despite the current uncertain economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

ON BEHALF OF THE BOARD:





G E Maughan - Director


28 May 2025

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

REPORT OF THE DIRECTORS
for the year ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS
The directors have paid an interim dividend of £3,896,397 (2023: £nil) and the directors do not recommend the payment of a final dividend (2023: £nil).

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

G E Maughan
A G O'Hare

DISCLOSURE IN THE STRATEGIC REPORT
Details of future developments can be found in the "Future Developments" section of the strategic report on pages 2 & 3 of this annual report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are 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 directors are required to:

-select suitable accounting policies and then 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 directors are 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 are 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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Luckmans Duckett Parker Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





G E Maughan - Director


28 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FOREVER LIVING PRODUCTS (U.K.) LIMITED

Opinion
We have audited the financial statements of Forever Living Products (U.K.) Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FOREVER LIVING PRODUCTS (U.K.) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FOREVER LIVING PRODUCTS (U.K.) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities,including fraud is detailed below:

Enquiring of management and employees, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they had knowledge of any actual, suspected or alleged fraud; and
- The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

We obtained an understanding of the legal and regulatory frameworks applicable to the company based on our understanding of the company and sector experience and discussions with management. The most significant considerations for the company are the Companies Act 2006, corporate taxes and VAT legislation, employment taxes, health and safety, food and drink regulations and the Bribery Act 2010.

We carried out discussions among the engagement team, who also undertook the audit testing, to assess how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of these discussions, we identified potential for fraud in the following areas:
- management override of control; and
- revenue recognition - specifically in respect of completeness and cut-off and manipulation of revenue through management override of journals.

We designed and executed procedures in line with our responsibilities to detect material misstatements in respect of irregularities, including fraud. These procedures, together with the extent to which they are capable of detecting irregularities, including fraud, are detailed below:
- We critically assessed the appropriateness and tested the application of the revenue and cost recognition policies.
- We tested the appropriateness of accounting journals and other adjustments made in the preparation of the financial statements. We were able to identify and analyse the complete population of all journals in the year to identify and substantively test any which we considered were indicative of management override.
- We reviewed the company's accounting policies for non-compliance with relevant standards. Our work also included considering significant accounting estimates for evidence of misstatement or possible bias and testing any significant transactions that appeared to be outside the normal course of business.
- We made enquiries of management and reviewed correspondence with the relevant authorities to identify any irregularities or instances of non-compliance with laws and regulations.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, including internal specialists, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
FOREVER LIVING PRODUCTS (U.K.) LIMITED

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

12 June 2025

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

STATEMENT OF COMPREHENSIVE
INCOME
for the year ended 31 December 2024

2024 2023
Notes £    £    £   

TURNOVER 3 15,931,768 17,260,086

Cost of sales 4,184,254 4,444,977
GROSS PROFIT 11,747,514 12,815,109

Distribution costs 6,687,643 7,525,557
Administrative expenses 4,258,034 4,791,286
10,945,677 12,316,843
OPERATING PROFIT 5 801,837 498,266

Interest receivable and similar income 174,968 251,836
976,805 750,102

Interest payable and similar expenses 6 11,707 3,887
PROFIT BEFORE TAXATION 965,098 746,215

Tax on profit 7 247,914 173,884
PROFIT FOR THE FINANCIAL YEAR 717,184 572,331

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

717,184

572,331

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 359,089 418,937
Tangible assets 10 199,393 274,679
558,482 693,616

CURRENT ASSETS
Stocks 11 86,936 93,018
Debtors 12 1,433,250 1,483,806
Cash at bank and in hand 3,761,333 7,298,742
5,281,519 8,875,566
CREDITORS
Amounts falling due within one year 13 2,352,435 2,859,882
NET CURRENT ASSETS 2,929,084 6,015,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,487,566

6,709,300

CREDITORS
Amounts falling due after more than one
year

14

(100,031

)

(127,685

)

PROVISIONS FOR LIABILITIES 17 (31,707 ) (46,574 )
NET ASSETS 3,355,828 6,535,041

CAPITAL AND RESERVES
Called up share capital 18 10,000 10,000
Retained earnings 19 3,345,828 6,525,041
SHAREHOLDERS' FUNDS 3,355,828 6,535,041

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





G E Maughan - Director


FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

STATEMENT OF CHANGES IN EQUITY
for the year ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 10,000 5,952,710 5,962,710

Changes in equity
Total comprehensive income - 572,331 572,331
Balance at 31 December 2023 10,000 6,525,041 6,535,041

Changes in equity
Dividends - (3,896,397 ) (3,896,397 )
Total comprehensive income - 717,184 717,184
Balance at 31 December 2024 10,000 3,345,828 3,355,828

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

CASH FLOW STATEMENT
for the year ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 498,460 (129,989 )
Interest element of hire purchase
payments paid

(11,707

)

(3,887

)
Tax paid (255,701 ) (108,964 )
Net cash from operating activities 231,052 (242,840 )

Cash flows from investing activities
Purchase of tangible fixed assets (19,198 ) (87,888 )
Sale of tangible fixed assets - 1,329
Interest received 174,968 251,836
Net cash from investing activities 155,770 165,277

Cash flows from financing activities
Capital repayments in year (27,834 ) (9,276 )
Equity dividends paid (3,896,397 ) -
Net cash from financing activities (3,924,231 ) (9,276 )

Decrease in cash and cash equivalents (3,537,409 ) (86,839 )
Cash and cash equivalents at
beginning of year

2

7,298,742

7,385,581

Cash and cash equivalents at end of
year

2

3,761,333

7,298,742

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 965,098 746,215
Depreciation charges 154,204 146,491
Loss/(profit) on disposal of fixed assets 128 (1,329 )
Finance costs 11,707 3,887
Finance income (174,968 ) (251,836 )
956,169 643,428
Decrease in stocks 6,082 1,183
Decrease/(increase) in trade and other debtors 50,556 (440,715 )
Decrease in trade and other creditors (514,347 ) (333,885 )
Cash generated from operations 498,460 (129,989 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 3,761,333 7,298,742
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 7,298,742 7,385,581


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 7,298,742 (3,537,409 ) 3,761,333
7,298,742 (3,537,409 ) 3,761,333
Debt
Finance leases (155,519 ) 27,834 (127,685 )
(155,519 ) 27,834 (127,685 )
Total 7,143,223 (3,509,575 ) 3,633,648

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Forever Living Products (U.K.) Limited 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.

The nature of the group's operations and its principal activities are set out in the Strategic Report on page 2.

The functional currency of Forever Living Products (U.K.) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements are also presented in pounds sterling.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The Directors have considered the financial and cash flow forecast for a period of more than 12 months from the date of signing these financial statements and concluded that income and future cash flows will continue to be derived from the Company's principal activity and that the Company has sufficient financial resources available for the foreseeable future. As a consequence, the Directors believe that the Company is well placed to manage its business risks despite the current uncertain economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Significant judgements and estimates
There are no critical judgements and estimates that the directors have made in the process of applying the Company's accounting policies.

Turnover
Turnover represents the aggregate of amounts receivable for services and goods supplied in the ordinary course of business, excluding value added tax. Turnover from the sale of goods is recognised when the goods have been ordered and despatched to the business owner or retail customer.

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.

Software license is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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


FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Sale of goods 15,229,165 16,505,453
Delivery revenue 581,204 639,427
Event revenue 29,807 30,860
Literature revenue 90,000 83,417
Other income 1,592 929
15,931,768 17,260,086

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,187,235 1,302,514
Social security costs 88,987 109,082
Other pension costs 185,400 192,040
1,461,622 1,603,636

The average number of employees during the year was as follows:
2024 2023

Administrative 30 35
Manual 2 2
32 37

2024 2023
£    £   
Directors' remuneration 8,941 58

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 180,641 171,353
Depreciation - owned assets 40,911 60,831
Depreciation - assets on hire purchase contracts 53,444 25,811
Loss/(profit) on disposal of fixed assets 128 (1,329 )
Software license amortisation 59,848 59,848
Auditors' remuneration 15,276 14,766
Auditors' remuneration for non audit work 1,211 1,108
Foreign exchange differences (4,967 ) (8,335 )

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Hire purchase 11,707 3,887

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 262,781 147,334

Deferred tax (14,867 ) 26,550
Tax on profit 247,914 173,884

UK corporation tax has been charged at 25% (2023 - 23.52%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 965,098 746,215
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 23.520%)

241,275

175,510

Effects of:
Expenses not deductible for tax purposes 5,542 (2,376 )
Depreciation in excess of capital allowances 1,097 750
rate of 25%

Total tax charge 247,914 173,884

8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 3,896,397 -

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. INTANGIBLE FIXED ASSETS
Software
license
£   
COST
At 1 January 2024
and 31 December 2024 598,481
AMORTISATION
At 1 January 2024 179,544
Amortisation for year 59,848
At 31 December 2024 239,392
NET BOOK VALUE
At 31 December 2024 359,089
At 31 December 2023 418,937

10. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 321,892 213,775 225,668 761,335
Additions 16,614 - 2,584 19,198
Disposals (563 ) - (6,064 ) (6,627 )
At 31 December 2024 337,943 213,775 222,188 773,906
DEPRECIATION
At 1 January 2024 245,022 25,811 215,823 486,656
Charge for year 33,850 53,444 7,061 94,355
Eliminated on disposal (434 ) - (6,064 ) (6,498 )
At 31 December 2024 278,438 79,255 216,820 574,513
NET BOOK VALUE
At 31 December 2024 59,505 134,520 5,368 199,393
At 31 December 2023 76,870 187,964 9,845 274,679

The company had capital commitments of £631,572 at 31 December 2024.

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

10. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 213,775
DEPRECIATION
At 1 January 2024 25,811
Charge for year 53,444
At 31 December 2024 79,255
NET BOOK VALUE
At 31 December 2024 134,520
At 31 December 2023 187,964

11. STOCKS
2024 2023
£    £   
Stocks 86,936 93,018

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 755,608 846,177
Amounts owed by group undertakings 117,419 371,056
Other debtors 3,531 -
Prepayments and accrued income 556,692 266,573
1,433,250 1,483,806

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 27,654 27,834
Trade creditors 157,238 193,841
Amounts owed to group undertakings 172,581 241
Tax 132,781 125,701
Social security and other taxes 324,811 407,880
Accruals and deferred income 1,537,370 2,104,385
2,352,435 2,859,882

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 100,031 127,685

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 27,654 27,834
Between one and five years 100,031 127,685
127,685 155,519

Non-cancellable operating leases
2024 2023
£    £   
Within one year 156,346 173,687
Between one and five years 1,344,946 269,717
In more than five years 1,674,199 154,974
3,175,491 598,378

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 127,685 155,519

Hire purchase borrowings are secured on the assets to which the contract relates.

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 31,707 46,574

Deferred
tax
£   
Balance at 1 January 2024 46,574
Provided during year (14,867 )
Balance at 31 December 2024 31,707

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

19. RESERVES
Retained
earnings
£   

At 1 January 2024 6,525,041
Profit for the year 717,184
Dividends (3,896,397 )
At 31 December 2024 3,345,828

20. ULTIMATE PARENT COMPANY

Forever Global Holdings LLC (incorporated in United States) is regarded by the directors as being the company's ultimate parent company. Registered office address - 7501 E McCormick Parkway, Scottsdale 85258, Maricopa, AZ, United States.

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

21. RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr G E Maughan. The trading transactions with related parties are summarised as follows:

Purchases Purchases Sales Sales
2024 2023 2024 2023
Aloe Vera of America 39,231 42,175 - -
Forever Direct 4,884,201 5,193,412 39,776 36,406
Forever Living Products Europe 22,112 896 6,792 -
Forever Living Products Germany 722 - 57,854 3,677
Forever Living Products Greece 2,073 5,850 16,088 291
Forever Living Products Iceland - - 14,408 1,616
Forever Living Products International 838,772 896,844 85,852 45,951
Forever Living Products Ireland 5,480 13,482 200,135 260,177
Forever Living Products France 18,861 11,057 19,555 8,606
Forever Living Products Hungary - - 90,174 8,606
Global Incentive Services 151,955 202,410 - -
Forever Living Products Benelux - - 19,161 -
Forever Living Products Scandinavia - - 23,184 -
Forever Living Products Switzerland - - 22,228 -
Forever Living Products Bulgaria - - 12,713 -
Forever Living Products Israel - - 2,680 -
Forever Living Products Italy - - 58,070 -
Forever Living Products Baltics UAB - - 5,451 -
Forever Living Products Poland - - 29,789 -
Forever Living Products Romania SRL - - 98,597 -
Forever Living Products Slovak
Republic

-

-

15,497

-
Forever Living Products Hungary LTD
(Slovenia)

-

-

1,820

-
Forever Living Products Cyprus Ltd - - 7,150 -
Forever Living Products Mauritius - - 2,304 -
Forever Living Products Spain - - 8,064 -
Forever Living Products DOOEL - - 29,949 -
Forever Living Products Czech
Republic

-

-

1,651

-
Forever Living Products Hungary
(Croatia)

-

-

969

-
Forever Living Products Serbia - - 470 -
UK Investments 105,660 106,243 - -

Totals 6,069,067 6,472,369 870,382 365,330


The year end balances with related parties are summarised as follows:


Due from
related party
Due from
related party
Due to
related party
Due to
related party
2024 2023 2024 2023
Aloe Vera of America 2,084 5,189 - -
Forever Direct 1,290 340,094 169,549 -
Forever Living Products Iceland 42,239 14,581 - -
Forever Living Products International 51,336 11,011 - -
Forever Living Products Ireland 10,342 182 47 241
Forever Living Products Germany 698 - - -
Forever Living Products Benelux 449 - - -
Forever Living Products Europe 230 - 2,984 -
Forever Living Products Switzerland 581 - - -
Forever Living Products Hungary 3,602 - - -

FOREVER LIVING PRODUCTS (U.K.) LIMITED (REGISTERED NUMBER: 02269910)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024
Forever Living Products Bulgaria 1,235 - - -
Forever Living Products Romania 411 - - -
Forever Living Products Slovenia C/O
FLP Hungary

1,618

-

-

-
Forever Living Products Croatia C/O
FLP Hungary

835

-

-

-
Forever Living Products Serbia 470 - - -

Totals 117,419 371,056 172,581 241


In the table above all of the sales in the year relate to cost recharges.

During the year, the company purchased goods and services to the value of £39,231 (2023 - £42,175) from Aloe Vera of America, Inc. Amounts owed by Aloe Vera of America Inc of £2,084 (2023 - £5,189) relate to trading balances and are due within 7 days.

During the year the company purchased goods in the ordinary course of business from Forever Direct BV, who purchased goods from Aloe Vera of America Inc and supply to all Forever Living Products companies in Europe, at a cost of £4,884,201 (2023 - £5,193,412). All amounts are due within 7 days.

During the year, the company charged Forever Direct BV for cost recharges to the value of £39,776 (2023 - £34,406). Amounts owed by Forever Direct BV of £1,290 (2023 - £340,094) all relate to trading balances. Amounts owed to Forever Direct BV of £169,549 (2023 - £nil) all relate to trading balances and are due within 7 days.

The company occupies premises owned by UK Investments LLC, a company controlled by Mr R G Maughan until his death on 17th July 2021. This company was part of his estate which passed to his surviving spouse. A total of £105,660 (2023 - £106,243) rent was paid and charged in the year.