IRIS Accounts Production v25.1.4.42 12153034 Board of Directors 31.12.24 1.1.24 31.12.24 31.12.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 192 164 true true false true true false false false true false Ordinary A 0 Ordinary B 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121530342023-12-31121530342024-12-31121530342024-01-012024-12-31121530342022-12-31121530342023-01-012023-12-31121530342023-12-3112153034ns15:EnglandWales2024-01-012024-12-3112153034ns14:PoundSterling2024-01-012024-12-3112153034ns10:Director12024-01-012024-12-3112153034ns10:Director22024-01-012024-12-3112153034ns10:Consolidated2024-12-3112153034ns10:ConsolidatedGroupCompanyAccounts2024-01-012024-12-3112153034ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112153034ns10:Consolidatedns10:MediumEntities2024-01-012024-12-3112153034ns10:Consolidatedns10:Audited2024-01-012024-12-3112153034ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3112153034ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3112153034ns10:Consolidated2024-01-012024-12-3112153034ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3112153034ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3112153034ns10:FullAccounts2024-01-012024-12-311215303412024-01-012024-12-3112153034ns10:OrdinaryShareClass12024-01-012024-12-3112153034ns10:OrdinaryShareClass22024-01-012024-12-3112153034ns10:RegisteredOffice2024-01-012024-12-3112153034ns10:Consolidated2023-01-012023-12-3112153034ns5:ShareCapital2024-12-3112153034ns5:ShareCapital2023-12-3112153034ns5:ShareCapital2022-12-3112153034ns5:RetainedEarningsAccumulatedLosses2022-12-3112153034ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3112153034ns5:RetainedEarningsAccumulatedLosses2023-12-3112153034ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3112153034ns5:RetainedEarningsAccumulatedLosses2024-12-3112153034ns5:NetGoodwill2024-01-012024-12-3112153034ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3112153034ns5:FurnitureFittings2024-01-012024-12-3112153034ns5:ComputerEquipment2024-01-012024-12-3112153034ns5:CostValuation2023-12-3112153034ns5:CurrentFinancialInstruments2024-12-3112153034ns5:CurrentFinancialInstruments2023-12-3112153034ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112153034ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112153034ns10:OrdinaryShareClass12024-12-3112153034ns10:OrdinaryShareClass22024-12-31
REGISTERED NUMBER: 12153034 (England and Wales)















GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASPECTS BEAUTY GROUP LIMITED

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 6

Report of the Independent Auditors 9

Consolidated Income Statement 13

Consolidated Other Comprehensive Income 14

Consolidated Balance Sheet 15

Company Balance Sheet 17

Consolidated Statement of Changes in Equity 18

Company Statement of Changes in Equity 19

Consolidated Cash Flow Statement 20

Notes to the Consolidated Cash Flow Statement 21

Notes to the Consolidated Financial Statements 23


ASPECTS BEAUTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A J S Field
A J B Jackson





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 12153034 (England and Wales)





AUDITORS: LMDB Limited
t/a LMDB Accountants
Statutory Auditors
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS
The principal activity of the Company in the year under review was that of the marketing and sale of fragrances, cosmetics and related products and services.

The key financial and other performance indicators during the year were as follows:

Total turnover for the year increased by 15.4%, an exceptional result under ongoing difficult trading conditions. All divisions grew their business during the year with a 12.9% increase in turnover on the managed services business resulting in a fee increase in real terms of 8.6% year over year.

Whilst not recognised in the financial statements of the Company, if the turnover of third parties, for which the Company received a fee under a management services agreement was included, total turnover for which the Company had responsibility increased by 41.9% year on year.

Despite the increase in turnover, gross margin was maintained at 39.5% and total gross profit in real terms increased by 15.4%.

The Company continues to focus its drive towards, more profitable business and business less dependent on Christmas and other such promotional periods typical within the fragrance market. The Company has continued to broaden its distribution into non fragrance, beauty, health, and wellness related products to support this strategy.

Salary costs increased significantly during the year with pay awards made during July. This reflected further restructuring of the business, as its strategy developed, and the promotion of staff in key areas to secure the required resources. It further recognised the pressure on and need to ensure market salaries were being paid to secure continuity of employment in key areas. The Company also made provision for a significant 'thank you' payment awarded to key staff which was paid in March 2025.

The Company made an operating profit in the year of £2,200k compared to an operating profit in the previous year of £1,628k, an improvement of 35.2%. Operating profit as a percentage of reported turnover was 11.4% in 2024, up from 9.7% in 2023. The Company has remained focused on its longer-term future and has continued to develop its plans in line with the goals and objectives of its strategic plan.

Overall, administrative expenses increased by 7.7% with significant increases in salaries, as mentioned above, and in staff benefits in all categories and areas. Establishment costs increased by 53.5% most significantly on ongoing repairs and maintenance costs of the Company's property, a Grade 2 listed building.

Net profit before tax increased by 37.5% year on year and increased to 11.9% as a percentage of Turnover compared with 10.0% in 2023. Bank charges fell significantly year on year as the Company further reduced its overdraft facilities and as cash reserves increased. The Company generated £87k of interest receivable as a result of positive cash balances during the year. The Company benefitted from exchange gains of £45k through appropriate currency buying initiatives. Profit after tax for the financial year was up by 34.7% compared with the previous year and represented 8.9% of turnover compared with 7.9% in 2023.

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The Company ended the year with net current assets of £4,511k against net current assets of £3,264k a year ago, an increase of 38.2.%. Debtors were well managed, and no bad debts were incurred during the year. Stock levels increased by 27.1% but were well controlled and reflect the enhanced level of business. Inventory management processes continue to be improved. Cash reserves increased 39.3% from £3,037k in 2023 to £4,233k at the end of 2024.

Shareholders funds increased by 22.9% to £6,627k from £5,392k at the end of 2023, due to profit after tax for the year of £1,714k and payment of dividends of £480k. Retained earnings at the end of 2023 rose to £5,214k, an increase of 31.3%.

The Directors are extremely pleased with the results for the year. Brexit continues to have a negative influence for the business with challenges in the logistics and UK compliance areas, which take up a disproportionate amount of time, money, and effort to manage effectively. The Directors are very proud of their employees who performed exceptionally well during what was, once again, a very challenging but rewarding year.

The Board continues to develop its skills and abilities and enhanced communication within the business as the company turns its focus on achieving the goals and objectives of its longer-term strategic plans.

The Jim Jackson Educational and Enabling Foundation (JJEEF), set up in memory of Jim Jackson, co-founder and former joint managing director of the Company, continued its support of disadvantaged young persons and had a number of individuals benefiting from that support during 2024. Now in its third year, the charity continues to evolve and has gained from contributions from the Company and its employees, external donations and support and donations from within the beauty industry. At the end of the year, the charity had significant reserves and was in an excellent position to continue to support the needs of existing and new beneficiaries during 2025.


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The Company's business is linked to the retail environment in which its customers operate. The changing economic conditions impact the buying behaviour of the end consumer, and this is reflected in the performance of the business. During 2024, retail sales for the company grew by 9.3% and this was, once again, dominated by the Chains sector, which grew by 11.4% and represented 63.4% of the total retail business for the Company. E-commerce retail sales declined by 7.8%, representing 9.4% of total retail sales of the Company, as the trend for online purchases continues to decline generally. Department store retail business continued its recovery and grew by 7.9%, representing 10.3% of total retail sales; Travel Retail retail sales grew 14.4% year on year, representing 16.7% of total retail business. Independent business retail sales represented only 0.3% of total retail sales and further declined by 20.3% year on year.

The Company purchases stock in several currencies and does not currently hedge this risk. Prices are based on determining an appropriate average rate of exchange over the next twelve months. This is monitored on a regular basis and extreme increases in the rates can be mitigated by an increase in wholesale prices. The nature of products sold and the distribution through which they are sold allows the company to do this at relatively short notice and with little impact on turnover and profitability.

The Company is effective in managing its debtors through the regular review of payment profiles and behaviour and on credit information acquired, resulting in changes to or withdrawal of credit facilities as appropriate. The Company does not insure its debts and believes that the current methods and processes adopted provide it with the ability and flexibility to react quickly to the needs of its customers and to take advantage of opportunities as they arise. The incidence of debts having to be written off continues to be minimal.

Cashflow is monitored on a regular basis due to the nature of the business and the importance of trade at Christmas which continues to account for a major part of the company's turnover. The company has appropriate banking facilities in place and has the full support of its bankers. Effective management of cash and creditors is measured through an analysis of the credit rating assigned to the Company by major credit rating agencies. This has continued to improve over the last 12 months. The Company has no loans but retains an appropriate overdraft facility to ensure there are no short-term cash implications. The level of the facility has been reduced and is under review each year.

The impact of leaving the EU at the end of 2020 continued to be felt during the year in all areas of the business. The resource and expenses required to meet new compliance requirements were very significant and will continue to be so in the future as further divergence between EU and UK legislation arises. The Company believes these challenges will continue in the future but is confident that it can continue to meet the new requirements and will ensure adequate resources are available to assist in this area.

Ongoing events in the world are carefully monitored by the Company and action has been taken where possible to mitigate the impact of such events as they affect the business, in particular on its supply chain. Compliance continues to be a major burden both in terms of administrative demands and costs, and this is likely to increase in the future requiring further resource allocation. The Company continues to communicate with its brands to determine the impact on supply and fulfilment within the UK and Ireland markets and to examine alternatives.


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The general increase in the cost of living experienced by employees and consumers alike, including increased utility bills, food and drink and interest rates affecting mortgages and home buying remains a major concern for the Company, even with signs that inflation is falling and interest rates may be cut further during 2025. The Company is doing everything possible to help employees facing major challenges arising from this situation. The Board continues to monitor this situation and will consider further support if necessary and affordable. The Company continues to manage and review all overheads within the business. As a result, the Company has been conservative with its budgets and forecasts for the year ahead and is managing all the activities in the business with extreme caution and vigilance as the impact of the current economic situation evolves further.

With all the uncertainty and challenges facing the business, the Company reviews its risk register regularly and it is a standing agenda item at all Executive and Board Meetings. It has also developed a robust disaster recovery programme reviewed annually.

The Company monitors the impact of losing a substantial brand and the impact on its profitability and cashflow and the restructuring costs that would be incurred. The Directors have taken the decision to set aside a cash reserve to mitigate the impact of this as far as is possible and the reserve is updated based on scenario planning for such events should they occur.

ON BEHALF OF THE BOARD:





A J S Field - Director


7 August 2025

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

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

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the marketing and sale of fragrances, cosmetics and related products and services.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £480,000.

FUTURE DEVELOPMENTS
The directors of ABG have been articulating the strategic direction for the Group throughout 2024 and have now commenced active searches for an appropriate diversification to protect the Company from the impact of adverse risks and to exploit market opportunities.

To facilitate this, the Group has added a new subsidiary, Balneath Enterprises (BE). The directors of this subsidiary are the Group's Chief Financial Officer, the joint Managing Director with a minority shareholding in the group and a member of the founding family, and a new director drawn from the Group's employees with responsibility for market research and insights, who will be the lead director tasked with identifying relevant opportunities and prospective targets. The Chair of the subsidiary board is the founder and Chair of the Group.

In keeping with the agreed strategic plan, the Board has been developing an outreach plan to review possible acquisitions, partnerships and associations with companies that offer services which Aspects Beauty either already buys in or needs to buy in. These services include staffing provision, direct marketing and media specialisms, events management, and PR. The intention is to substitute out-sourcing these services for Aspects with fully or partly owned subsidiaries providing the service and simultaneously providing services to third parties. A target list of potential companies has been drawn up and research into their performance is now underway before making approaches to the principals. It is expected that the first of these opportunities will be in the staffing provision area.

The staffing provision and other services described above will seek to sell their services to third parties not necessarily in direct competition with Aspects Beauty to avoid any competitiveness concerns that may arise and to widen the available market for the services. Initially, hospitality venues such as galleries, concert halls, museums and festivals will be targeted to flatten the demand spikes pre-Christmas. The Group has the benefit of past experience with staffing provision, as it once ran Team Beauty, a company now included in BE as a subsidiary. However, the acquisition of a staffing agency will bring with it experience and skills to broaden the options; although it is accepted that BE must develop enhanced propositions to provide a point of difference in the marketplace. It is anticipated that this will be in the technology area.

Additionally, the Board is reviewing how the Group can provide services to third parties seeking to enter the UK market in the beauty and related sectors. This is an extension of the "nursery" concept and allows third parties to select the services they need, rather than avail themselves of the full 360-degree service provided by Aspects. This development will improve the portfolio options as Aspects Beauty may well then move on to take a launched brand into full distribution/management if it is successful on the nursery slopes.


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

Meanwhile Aspects Beauty has commenced a new business initiative to improve its ability to take advantage of the evolving retail scene which is becoming heavily influenced by alternative marketing strategies driven by online commentary. This will involve the creation of small collections of relevant hero brands in the non-regime beauty and wellness arena, marketed to alternative distribution including online driven destinations.

The intention behind the new business strategies is to bolster resilience, reduce dependency on short term contracts, improve margins, and reorganise reliance on outdated distribution models.

As part of the strategy, the Board will reserve a proportion of cash reserves in the Group specifically for the purposes of evolving the new business model, including acquisitions, working capital and investment in new technology.

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

A J S Field
A J B Jackson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group 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 group'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 group's auditors are aware of that information.

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


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

ON BEHALF OF THE BOARD:





A J S Field - Director


7 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASPECTS BEAUTY GROUP LIMITED

Opinion
We have audited the financial statements of Aspects Beauty Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated 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 group's and of the parent company affairs as at 31 December 2024 and of the group's 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 group 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 group's and the parent 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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASPECTS BEAUTY GROUP LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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, 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASPECTS BEAUTY GROUP 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.

- Enquiry of management and those charged with governance on the actual and potential litigation and claims, and also any instances of non-compliance with laws and regulations.
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
- Professional scepticism in the course of the audit and with audit sampling in material audit areas.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASPECTS BEAUTY GROUP LIMITED


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.




Mr Stuart Andrew Murray (FCCA) (Senior Statutory Auditor)
for and on behalf of LMDB Limited
t/a LMDB Accountants
Statutory Auditors
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

8 August 2025

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

TURNOVER 19,288,638 16,711,622

Cost of sales 11,677,225 10,114,854
GROSS PROFIT 7,611,413 6,596,768

Administrative expenses 5,411,127 4,968,689
OPERATING PROFIT 5 2,200,286 1,628,079

Interest receivable and similar income 86,978 34,931
2,287,264 1,663,010

Interest payable and similar expenses 6 395 37
PROFIT BEFORE TAXATION 2,286,869 1,662,973

Tax on profit 7 572,560 390,610
PROFIT FOR THE FINANCIAL YEAR 1,714,309 1,272,363
Profit attributable to:
Owners of the parent 1,714,156 1,272,249
Non-controlling interests 153 114
1,714,309 1,272,363

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,714,309 1,272,363


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

1,714,309

1,272,363

Total comprehensive income attributable to:
Owners of the parent 1,714,156 1,272,249
Non-controlling interests 153 114
1,714,309 1,272,363

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 2,256,625 2,270,578
Investments 12 - -
2,256,625 2,270,578

CURRENT ASSETS
Stocks 13 1,216,187 957,070
Debtors 14 3,046,504 2,200,392
Cash at bank 4,232,850 3,037,050
8,495,541 6,194,512
CREDITORS
Amounts falling due within one year 15 3,984,332 2,929,714
NET CURRENT ASSETS 4,511,209 3,264,798
TOTAL ASSETS LESS CURRENT LIABILITIES 6,767,834 5,535,376

PROVISIONS FOR LIABILITIES 17 141,186 143,037
NET ASSETS 6,626,648 5,392,339

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 18 224 224
Revaluation reserve 19 1,274,707 1,283,108
Capital redemption reserve 19 137,211 137,211
Retained earnings 19 5,213,790 3,971,233
SHAREHOLDERS' FUNDS 6,625,932 5,391,776

NON-CONTROLLING INTERESTS 20 716 563
TOTAL EQUITY 6,626,648 5,392,339


The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





A J B Jackson - Director


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

COMPANY BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - -
Investments 12 112 112
112 112

CURRENT ASSETS
Debtors 14 112 112
NET CURRENT ASSETS 112 112
TOTAL ASSETS LESS CURRENT LIABILITIES 224 224

CAPITAL AND RESERVES
Called up share capital 18 224 224
SHAREHOLDERS' FUNDS 224 224

Company's profit for the financial year 480,000 480,000

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





A J B Jackson - Director


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up
share Retained Revaluation
capital earnings reserve
£    £    £   
Balance at 1 January 2023 224 3,166,662 1,295,430

Changes in equity
Dividends - (480,000 ) -
Total comprehensive income - 1,272,249 -
Transfer - 12,322 (12,322 )
Balance at 31 December 2023 224 3,971,233 1,283,108

Changes in equity
Dividends - (480,000 ) -
Total comprehensive income - 1,714,156 -
Transfer - 8,401 (8,401 )
Balance at 31 December 2024 224 5,213,790 1,274,707
Capital
redemption Non-controlling Total
reserve Total interests equity
£    £    £    £   
Balance at 1 January 2023 137,211 4,599,527 449 4,599,976

Changes in equity
Dividends - (480,000 ) - (480,000 )
Total comprehensive income - 1,272,249 114 1,272,363
Balance at 31 December 2023 137,211 5,391,776 563 5,392,339

Changes in equity
Dividends - (480,000 ) - (480,000 )
Total comprehensive income - 1,714,156 153 1,714,309
Balance at 31 December 2024 137,211 6,625,932 716 6,626,648

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

COMPANY 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 224 - 224

Changes in equity
Dividends - (480,000 ) (480,000 )
Total comprehensive income - 480,000 480,000
Balance at 31 December 2023 224 - 224

Changes in equity
Dividends - (480,000 ) (480,000 )
Total comprehensive income - 480,000 480,000
Balance at 31 December 2024 224 - 224

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,039,981 3,049,506
Interest paid (395 ) (37 )
Tax paid (414,606 ) (540,801 )
Net cash from operating activities 1,624,980 2,508,668

Cash flows from investing activities
Purchase of tangible fixed assets (36,158 ) (47,902 )
Sale of tangible fixed assets - 8,999
Interest received 86,978 34,931
Net cash from investing activities 50,820 (3,972 )

Cash flows from financing activities
Equity dividends paid (480,000 ) (480,000 )
Net cash from financing activities (480,000 ) (480,000 )

Increase in cash and cash equivalents 1,195,800 2,024,696
Cash and cash equivalents at beginning of
year

2

3,037,050

1,012,354

Cash and cash equivalents at end of year 2 4,232,850 3,037,050

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED 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 2,286,869 1,662,973
Depreciation charges 49,123 47,893
Loss on disposal of fixed assets 988 985
Finance costs 395 37
Finance income (86,978 ) (34,931 )
2,250,397 1,676,957
(Increase)/decrease in stocks (259,117 ) 461,589
(Increase)/decrease in trade and other debtors (846,112 ) 205,111
Increase in trade and other creditors 894,813 705,849
Cash generated from operations 2,039,981 3,049,506

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 4,232,850 3,037,050
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 3,037,050 1,012,354


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank 3,037,050 1,195,800 4,232,850
3,037,050 1,195,800 4,232,850
Total 3,037,050 1,195,800 4,232,850

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

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

1. STATUTORY INFORMATION

Aspects Beauty Group 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Going concern
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 as modified by the revaluation of certain assets as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The group has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirement of paragraph 33.7.

Turnover
Turnover represents amounts invoiced by the company from the sale of fragrances, provision of staffing and agency fees payable.

Turnover is measured at fair value of the consideration received or receivable net of returns, discounts, and value added tax.

The company recognises turnover when the significant risks and rewards of ownership have been transferred to the buyer, the company retains no continuing control over the goods, the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the company.

Interest income is recognised on an accruals basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1994, has been fully amortised.

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost, 10% on cost and 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost and 20% on cost

Freehold land is not depreciated. Freehold buildings consist of a Grade II listed building. The directors have reviewed the estimated useful life of freehold buildings and consider this to be 50 years. Depreciation is therefore charged to write down the value of freehold buildings to estimated residual value on a straight line basis over 50 years.

The directors have adopted a policy of regular revaluation in relation to the freehold property. At each revaluation date, the expected life and residual value, based on the prices prevailing at the time of acquisition, are assessed on the basis of information available at that time. An independent valuer carries out a formal revaluation when it is deemed appropriate by the management of Aspects. Any permanent diminution in value identified on revaluation is charged to the profit and loss account.

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

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability. Interest bearing bank loans, overdrafts and other loans which meet the criteria to be classified as basic financial instruments are initially recorded at the present value of cash payable to the bank, which is ordinarily equal to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Financial assets are de-recognised when:
- the contractual rights to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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

Investments in subsidiaries
Investments in group companies are stated at cost less any identified impairment. An impairment review is undertaken annually by the directors.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at an average rate of exchange during the financial year, or at predetermined rates as defined in contracts. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

2024 2023
£ £
Wages and salaries 7,311,165 5,996,847
Social security costs 763,110 628,590
Other pension costs 256,407 193,762
8,330,682 6,819,199

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

Direct 161 135
Admin 31 29
192 164

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. DIRECTORS' EMOLUMENTS
2024 2023
£    £   
Directors' remuneration 1,126,294 998,199
Directors' pension contributions to money purchase schemes 54,300 44,750

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 239,690 211,337
Pension contributions to money purchase schemes 17,600 11,250

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 49,123 47,893
Loss on disposal of fixed assets 988 985
Auditors' remuneration 16,540 15,750
Operating leases 17,354 14,637

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest - 37
No description 395 -
395 37

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

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 574,411 407,386

Deferred tax (1,851 ) (16,776 )
Tax on profit 572,560 390,610

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 2,286,869 1,662,973
Profit multiplied by the standard rate of corporation tax in the UK of 25
% (2023 - 23.521 %)

571,717

391,148

Effects of:
Expenses not deductible for tax purposes 843 559
Change in tax rate - (99 )
Enhanced capital allowances - (998 )
Total tax charge 572,560 390,610

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary A shares of £1 each
Interim 480,000 480,000

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 217,695
AMORTISATION
At 1 January 2024
and 31 December 2024 217,695
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

11. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 2,453,937 110,436 236,496 2,800,869
Additions - 19,687 16,471 36,158
Disposals - (3,162 ) (5,570 ) (8,732 )
At 31 December 2024 2,453,937 126,961 247,397 2,828,295
DEPRECIATION
At 1 January 2024 272,746 55,896 201,649 530,291
Charge for year 16,122 16,972 16,029 49,123
Eliminated on disposal - (3,162 ) (4,582 ) (7,744 )
At 31 December 2024 288,868 69,706 213,096 571,670
NET BOOK VALUE
At 31 December 2024 2,165,069 57,255 34,301 2,256,625
At 31 December 2023 2,181,191 54,540 34,847 2,270,578

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. TANGIBLE FIXED ASSETS - continued

Group

Included in cost or valuation of land and buildings is freehold land of £232,109 (2023 - £232,109) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2022 2,453,937 - - 2,453,937
Cost - 126,961 247,397 374,358
2,453,937 126,961 247,397 2,828,295

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 894,182 894,182
Aggregate depreciation 168,624 164,993

Value of land in freehold land and buildings 75,000 75,000

Freehold land and buildings were valued on an open market value basis on 14 October 2022 by Stiles Harold Williams LLP .

In reporting this revaluation, the directors have taken into consideration the physical condition of the freehold land and buildings and the market conditions which existed during the period from the company's year end to the date of valuation. Having taken all relevant factors into account, in the directors' opinion, there has been no material change in value during this period.

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 112
NET BOOK VALUE
At 31 December 2024 112
At 31 December 2023 112

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Aspects Beauty Company Limited
Registered office: Railview Lofts, 19C Commercial Road, Eastbourne, East Sussex, BN21 3XE
Nature of business: Wholesale of perfume and cosmetics
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 99.50

Team Beauty Limited
Registered office: Railview Lofts, 19c Commercial Road, Eastbourne, East Sussex BN21 3XE
Nature of Business: Dormant

%
Class of shares: holding
Ordinary 99.99

Perfume Anorak Limited
Registered office: Railview Lofts, 19c Commercial Road, Eastbourne, East Sussex BN21 3XE
Nature of Business: Dormant

%
Class of shares: holding
Ordinary 99.99


ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

13. STOCKS

Group
2024 2023
£    £   
Stocks 1,216,187 957,070

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,728,715 1,631,668 - -
Other debtors 119,430 38,695 - -
Called up share capital not paid 112 112 112 112
Prepayments and accrued income 1,198,247 529,917 - -
3,046,504 2,200,392 112 112

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
2024 2023
£    £   
Trade creditors 2,047,280 1,404,114
Tax 336,241 176,436
Social security and other taxes 214,235 190,393
Other creditors 61,251 46,925
Accrued expenses 1,325,325 1,111,846
3,984,332 2,929,714

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 15,836 17,354
Between one and five years 2,716 13,787
18,552 31,141

17. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 141,186 143,037

Group
Deferred
tax
£   
Balance at 1 January 2024 143,037
Accelerated capital allowances (1,851 )
Balance at 31 December 2024 141,186

18. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
168 A Ordinary £1 168 168
56 B Ordinary £1 56 56
224 224

The holders of both A and B ordinary shares are entitled to attend and vote at meetings and to participate in profits and assets of the company.

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

19. RESERVES

Group
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2024 3,971,233 1,283,108 137,211 5,391,552
Profit for the year 1,714,156 1,714,156
Dividends (480,000 ) (480,000 )
Transfer 8,401 (8,401 ) - -
At 31 December 2024 5,213,790 1,274,707 137,211 6,625,708

Company
Retained
earnings
£   

Profit for the year 480,000
Dividends (480,000 )
At 31 December 2024 -


20. NON-CONTROLLING INTERESTS

Non-controlling
Interests
£

At 1 January 2024 563
Profit for the year 156
Share issue in year -
Dividends -
At 31 December 2024 716

ASPECTS BEAUTY GROUP LIMITED (REGISTERED NUMBER: 12153034)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

21. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Other related parties

Donations of £134,800 (2023 - £150,461) has been made in the period to the Jim Jackson Education and Enabling Foundation CIO. The charity shares key management personnel with the group.

22. ULTIMATE CONTROLLING PARTY

In the directors opinion the ultimate controlling party during the period was J A Hill.