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Company registration number: 06880206







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


BRIGHT & BEAUTIFUL UK LIMITED






































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BRIGHT & BEAUTIFUL UK LIMITED
 


 
COMPANY INFORMATION


Directors
J G Shell (resigned 9 December 2024)
P J Carr 
M Davis (appointed 9 December 2024)
H Robertson (appointed 9 December 2024)
G C Brown (appointed 9 December 2024)




Company secretary
G C Brown



Registered number
06880206



Registered office
Neighbourly Training Centre
Building 4 Brackley Campus, Buckingham Road

Brackley,

Northamptonshire

NN13 7EL




Independent auditor
Menzies LLP
Chartered Accountants & Statutory Auditor

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


BRIGHT & BEAUTIFUL UK LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 7


 


BRIGHT & BEAUTIFUL UK LIMITED
REGISTERED NUMBER:06880206



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
99,557
58,870

Tangible assets
 5 
92,391
-

  
191,948
58,870

Current assets
  

Debtors: amounts falling due after more than one year
 6 
247,333
191,333

Debtors: amounts falling due within one year
 6 
2,317,032
2,602,918

Cash at bank and in hand
  
314,770
69,441

  
2,879,135
2,863,692

Creditors: amounts falling due within one year
 7 
(469,297)
(362,693)

Net current assets
  
 
 
2,409,838
 
 
2,500,999

Total assets less current liabilities
  
2,601,786
2,559,869

  

Net assets
  
2,601,786
2,559,869


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,601,686
2,559,769

  
2,601,786
2,559,869


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H Robertson
Director

Date: 28 July 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Bright & Beautiful UK Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Turnover

The turnover shown in the Statement of income and retained earnings represents sales of franchises, subsequent management service and marketing fund fees to external customers at invoiced amounts, exclusive of value added tax.
Sale of franchises are recognised once the franchisee has been fully trained.
Management service and marketing fund fees are recognised in the period to which they relate.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 2

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website Development
-
3
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
101,392


Additions - internal
50,546



At 31 December 2024

151,938



Amortisation


At 1 January 2024
42,522


Charge for the year on owned assets
9,859



At 31 December 2024

52,381



Net book value



At 31 December 2024
99,557



At 31 December 2023
58,870



Page 4

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


Additions
114,499



At 31 December 2024

114,499



Depreciation


Charge for the year on financed assets
22,108



At 31 December 2024

22,108



Net book value



At 31 December 2024
92,391

Page 5

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
247,333
191,333

247,333
191,333


2024
2023
£
£

Due within one year

Trade debtors
190,694
230,398

Amounts owed by group undertakings
2,085,583
2,342,741

Other debtors
5,986
8,868

Prepayments and accrued income
34,769
20,911

2,317,032
2,602,918


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
34,598
25,443

Amounts owed to group undertakings
145,086
89,025

Other taxation and social security
71,936
60,444

Obligations under finance lease and hire purchase contracts
93,129
-

Other creditors
12,045
-

Accruals and deferred income
112,503
187,781

469,297
362,693


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


8.


Contingent liabilities

As part of the Neighbourly Group, the employees of the company, subject to meeting certain criteria, are eligible to take part in the Associate Equity Program which provides a bonus in connection with the future sale or change of control at the parent company level. Where the quantum and timeframe of these events are uncertain, no amounts are recognised in the accounts for this.

Page 6

 


BRIGHT & BEAUTIFUL UK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.Group guarantee

Dwyer (UK Franchising) Limited entered into hire purchase lease agreements in the year and holds the legal obligation of the lease. The asset and lease liability has been recognised in subsidiary companies and group companies in which the asset is being used. If any of the companies fail to meet the lease obligations, this will fall with Dwyer (UK Franchising) Limited to settle.


10.


Controlling party

The Companys immediate parent company is Dwyer (UK Franchising) Limited, incorporated in England and Wales. The Company's ultimate parent company is Neighborly Company, incorporated in Delaware, USA and whose principal address is 1020 N. University Parks Dr. Waco, TX 76707.
The largest group in which the results of the Company are consolidated is that headed by Neighborly Company. The smallest group in which they are consolidated is that headed by Dwyer Franchising LLC, incorporated in Delaware, USA.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 July 2025 by Andrew Galliers FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 7