Registration number:
eSalon.com, Ltd
for the Year Ended 31 December 2024
eSalon.com, Ltd
Contents
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Company Information |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
eSalon.com, Ltd
Company Information
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Directors |
Greta Rose Tarakeshwar Raghavan |
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Registered Number: |
10674803 |
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Registered office |
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Independent auditors |
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eSalon.com, Ltd
Directors' Report for the Year Ended 31 December 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors of the company
The directors of the company who were in office during the year and up to the date of signing the financial statements were:
Statement of Directors' Responsibilities
The statement of directors' responsibilities that the directors agree to is detailed on page 4.
Principal activities
The principal activities of the company are the provision of representative, customer support services and manufacturing on behalf of eSalon.com LLC.
Financial risks
eSalon.com, Ltd is exposed to minimum financial risk. The company provides contract manufacturing and representative and customer support services exclusively to its US based parent, eSalon.com LLC, in return for a cost plus based service fee. As such its profits are a direct function of its cost base and so relatively predictable. The company operates within a financial framework set by its parent. It is part of the Henkel group of companies and operational funding requirements are managed via a short term inter-company account with its parent and participation in group cash pooling arrangements. The nature of the underlying arrangements is such that the company bears no external credit risk, inventory risk, currency risk or interest rate risk. No dividends are currently planned.
Future developments
The nature of the company’s activities are not expected to materially change in the foreseeable future.
Going concern
The directors have prepared these financial statements on a going concern basis as they have considered the funding requirements for at least 12 months and received a letter of support from Henkel of America, Inc., eSalon.com, Ltd's US based intermediate parent company and a member of the Henkel group of companies.
Important non-adjusting events after the financial year
eSalon.com, Ltd continues to carefully monitor and manage its operating costs in view of the current inflationary environment. Any increases in costs incurred will be fully recovered from its US based parent, eSalon.com LLC, as part of its cost plus based service fee.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
eSalon.com, Ltd
Directors' Report for the Year Ended 31 December 2024
Small companies provision statement
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006, in addition, the Company has taken advantage of the exemption available and has not presented a Strategic Report.
eSalon.com, Ltd
Directors' Report for the Year Ended 31 December 2024
Statement of Directors' Responsibilities
The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", and applicable law).
Under company law, 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:
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• |
select suitable accounting policies and apply them consistently; |
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state whether applicable United Kingdom Accounting Standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; |
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• |
make judgements and accounting estimates that are reasonable and prudent; and |
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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 safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are also 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.
Directors' confirmations
In the case of each director in office at the date the directors’ report is approved:
• so far as the director is aware, there is no relevant audit information of which the company’s auditors are unaware;
and
• they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.
Approved by the
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......................................... |
eSalon.com, Ltd
Independent Auditor's Report to the Members of eSalon.com, Ltd
Report on the audit of the financial statements
Opinion
In our opinion, eSalon.com, Ltd's 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 (United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'', and applicable law); and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
We have audited the financial statements, included within the Annual Report and Financial Statements (the “Annual Report”), which comprise: the Balance Sheet as at 31 December 2024; the Profit and Loss Account and the Statement of Changes in Equity for the year then ended; and the notes to the financial statements, which include a description of the significant accounting policies.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Independence
We remained independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
Conclusions relating to going concern
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.
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.
However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
eSalon.com, Ltd
Independent Auditor's Report to the Members of eSalon.com, Ltd
Reporting on other information
The other information comprises all of the information in the Annual Report other than the financial statements and our auditors’ report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherwise explicitly stated in this report, any form of assurance 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 an apparent material inconsistency or material misstatement, we are required to perform procedures to conclude whether there is a material misstatement of the financial statements or a material misstatement of the other information. 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 based on these responsibilities.
With respect to the Directors' Report, we also considered whether the disclosures required by the UK Companies Act 2006 have been included.
Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report certain opinions and matters as described below.
Directors' Report
In our opinion, based on the work undertaken in the course of the audit, the information given in the Directors' Report for the year ended 31 December 2024 is consistent with the financial statements and has been prepared in accordance with applicable legal requirements.
In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we did not identify any material misstatements in the Directors' Report.
Responsibilities for the financial statements and the audit
Responsibilities of the directors for the financial statements
As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The directors are also responsible for such internal control as they determine is 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.
eSalon.com, Ltd
Independent Auditor's Report to the Members of eSalon.com, Ltd
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 an auditors’ report 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.
Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to UK Corporation Tax and Companies Act 2006, and we considered the extent to which non-compliance might have a material effect on the financial statements. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates. Audit procedures performed by the engagement team included:
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Discussions with Management and Directors, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud; |
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Challenging assumptions and judgements made by Management in their significant accounting estimates; |
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Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations to revenue; |
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Reviewing minutes of meetings with those charged with governance; |
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Reviewing financial statement disclosures made by management in their significant accounting estimates; |
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An element of unpredictability was incorporated into our audit testing by performing additional procedures, such as testing tracing bank payments to approvals. |
There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, 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 or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.
Use of this report
This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.
eSalon.com, Ltd
Independent Auditor's Report to the Members of eSalon.com, Ltd
Other required reporting
Companies Act 2006 exception reporting
Under the Companies Act 2006 we are required to report to you if, in our opinion:
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we have not obtained all the information and explanations we require for our audit; or |
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adequate accounting records have not been kept by the company, or returns adequate for our audit have not been received from branches not visited by us; or |
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certain disclosures of directors’ remuneration specified by law are not made; or |
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the financial statements are not in agreement with the accounting records and returns. |
We have no exceptions to report arising from this responsibility.
Entitlement to exemptions
Under the Companies Act 2006 we are required to report to you if, in our opinion, the directors were not entitled to: prepare financial statements in accordance with the small companies regime; take advantage of the small companies exemption in preparing the Directors' Report; and take advantage of the small companies exemption from preparing a strategic report. We have no exceptions to report arising from this responsibility.
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for and on behalf of
Chartered Accountants and Statutory Auditors
eSalon.com, Ltd
Profit and Loss Account for the Year Ended 31 December 2024
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Note |
31 December |
31 December |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
94,758 |
87,632 |
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Interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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(649) |
(2,550) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for this or previous year other than the results above.
eSalon.com, Ltd
(Registration number: 10674803)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
498,025 |
427,443 |
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Total equity |
498,125 |
427,543 |
The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 9 to 21 were approved by the
.........................................
Director
eSalon.com, Ltd
Statement of Changes in Equity for the Year Ended 31 December 2024
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Called up Share capital |
Profit and loss account |
Total Equity |
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At 1 January 2024 |
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Profit for the year |
- |
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At 31 December 2024 |
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Called up |
Profit and loss |
Total Equity |
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At 1 January 2023 |
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Profit for the year |
- |
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At 31 December 2023 |
100 |
427,443 |
427,543 |
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom and registered in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
The financial statements are presented in Pound sterling, the functional currency.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were 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.
Basis of preparation
These financial statements have been prepared using the historical cost convention. These financial statements have been prepared under the small companies regime.
Summary of disclosure exemptions
eSalon.com, Ltd satisfies the criteria of being a qualifying entity as defined by FRS 102.
As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
a) No cash flow statement has been presented for the company.
b) Disclosures in respect of financial instruments have not been presented.
c) No disclosure has been given for the aggregate remuneration of key management personnel.
Going concern
The directors have prepared these financial statements on a going concern basis as they have considered the funding requirements for at least 12 months and received a letter of support from Henkel of America, Inc., eSalon.com, Ltd's US based intermediate parent company and a member of the Henkel group of companies.
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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2 |
Accounting policies (continued) |
Judgements
In preparing these financial statements, the directors have made the following judgements:
• Determine whether leases entered into by the company are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred on a lease by lease basis.
Key sources of estimation uncertainty
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The company recognises revenue when:
• The amount of revenue can be reliably measured;
• it is probable that the future economic benefits will flow to the entity;
• and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted.
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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2 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
10 years straight line |
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Short Leasehold Land and Buildings |
Over the life of the lease (42 months) |
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Plant and machinery |
5 years straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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Turnover |
The analysis of the company's revenue for the year from continuing operations is as follows:
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2024 |
2023 |
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Rendering of services |
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All of the company's turnover relates to its principal activities and is generated outside the United Kingdom.
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Operating profit |
Arrived at after charging
|
2024 |
2023 |
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Depreciation expense |
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Research and development cost |
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Operating lease expense |
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Loss on disposal of property, plant and equipment |
- |
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Interest receivable and similar income |
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2024 |
2023 |
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Other finance income |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2024 |
2023 |
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Wages and salaries |
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Social security costs |
|
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Other pension costs |
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The average monthly number of persons employed by the company (including directors) during the year, analysed by category was as follows:
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
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6 |
Staff costs (continued) |
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2024 |
2023 |
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Production |
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Administration and support |
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The directors' remuneration for the year was £nil (2023: £nil). The directors who served during the year are remunerated by other Henkel Group companies and have determined that their qualifying services to the company do not occupy a significant amount of their time. There is therefore no recharge to the Company for their services.
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Auditors' remuneration |
|
2024 |
2023 |
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Audit of the financial statements |
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No other services were provided by the company's auditors.
The Directors have agreed with the company's auditors that the auditor's liability to damages for breach of duty in relation to the audit of the company's financial statements for the year to 31 December 2024 will be limited to the greater of £5m or 5 times the auditor's fees for the statutory audits, and that, in any event, the auditor's liability for damages will be limited to that part of any loss suffered by the company as is just and equitable having regard to the extent to which the auditors, the company and any third parties are responsible for the loss in question. The shareholders of the company waived the need for approval of this liability limitation agreement, as required by the Companies Act 2006, by resolution dated 14th November 2024.
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Tax on profit |
Tax charged in the profit and loss account
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2024 |
2023 |
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Current taxation |
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UK corporation tax |
|
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Deferred taxation |
||
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Arising from origination and reversal of timing differences |
( |
( |
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Tax expense in the profit and loss account |
|
|
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
8 |
Tax on profit (continued) |
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2023 - higher than the standard rate of corporation tax in the UK) of 25.0% (2023 -
The differences are reconciled below:
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2024 |
2023 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax decrease from effect of capital allowances and depreciation |
- |
( |
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Tax increase from other short-term timing differences |
- |
|
|
Deferred tax credit relating to changes in tax rates or laws |
- |
( |
|
Total tax charge |
|
|
Deferred taxes at the balance sheet date have been measured using the standard corporation tax rate of 25% (2023: 25%).
The Pillar Two rules are included within the UK Finance (No. 2) Act 2023 and came into effect for accounting periods beginning on or after 31 December 2023. There are three active mechanisms under Pillar Two model rules that a country can adopt - an Income Inclusion Rule (IIR), an Undertaxed Profits Rule (UTPR) and a Qualified Domestic Minimum Top-up Tax (QDMTT). The enacted legislation in the United Kingdom includes the IIR and QDMTT for the accounting periods beginning on or after 31 December 2023. Draft legislation has also been published to include the UTPR, which was announced in the Autumn Statement 2023, and which will come into effect from accounting periods beginning on or after 31 December 2024.
The OECD Inclusive Framework has introduced transitional “safe harbours”, which reduces the Pillar Two compliance burden for many businesses for the first three years since enaction (financial years 2024-2026 for the United Kingdom). The transitional safe harbour is designed to identify a group’s operations in lower risk countries using information taken from its Country-by-Country Report (CbCR) and/or financial statements. Where any one of the three tests (De minimis Test, Effective Tax rate test and Routine profits Test) is met, the top-up tax for that country is deemed to be zero and the group will not be required to prepare full calculations during the transitional period. Both eSalon.com, Ltd and the overall United Kingdom group of companies satisfied the safe harbour test with effective tax rates calculated for the financial year 2024 (first year of transitional period) that were in excess of the global minimum tax rate threshold of 15%. Esalon.com, Ltd is therefore deemed to have zero top-up tax nor is required to perform the full calculation.
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Tangible assets |
|
Short leasehold land and buildings |
Fixtures and fittings |
Plant and machinery |
Total |
|
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Cost |
||||
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At 1 January 2024 |
|
|
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At 31 December 2024 |
|
|
|
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Accumulated depreciation |
||||
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At 1 January 2024 |
|
|
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Charge for the year |
- |
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At 31 December 2024 |
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Carrying amount |
||||
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At 31 December 2024 |
- |
|
- |
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At 31 December 2023 |
- |
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|
|
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Debtors |
|
Note |
2024 |
2023 |
|
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Amounts owed by group undertakings |
|
|
|
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Other debtors |
55,834 |
55,833 |
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VAT Control account |
45,682 |
39,552 |
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Prepayments and accrued income |
|
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|
|
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Amounts owed by group undertakings do not bear interest, are repayable on demand and are unsecured.
Amounts owed by group undertakings includes £273,378 (2023: £nil) which relates to group cash pooling arrangements.
|
Cash at bank and in hand |
|
2024 |
2023 |
|
|
Cash at bank |
- |
|
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Creditors: Amounts falling due within one year |
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
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Trade creditors |
|
|
|
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Other creditors |
|
|
|
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Other taxation and social security |
|
|
|
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Corporation tax liability |
24,904 |
22,020 |
|
|
Accruals and deferred income |
|
|
|
|
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2024 |
|
|
|
Decrease in existing provisions |
( |
( |
|
At 31 December 2024 |
|
|
|
|
||
The provision for deferred tax in the year ended 31 December 2024 consists solely of timing differences due to accelerated capital allowances of £1,971 (2023: £3,347).
There are no unused tax losses or unused tax credits.
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions paid by the company to the scheme and amounted to £
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Called up share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
Commitments |
Leasehold commitments
|
Related party transactions |
Summary of transactions with parent
Income and receivables from related parties
|
2024 |
Parent |
Other related parties |
|
Receipt of services |
|
- |
|
Amounts receivable from related party |
|
|
|
|
||
|
2023 |
Parent |
|
Receipt of services |
|
|
Amounts receivable from related party |
|
|
|
|
|
Non-adjusting events after the financial year |
|
|
eSalon.com, Ltd
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Parent and ultimate parent undertaking |
eSalon.com LLC is the parent company of eSalon.com, Ltd and is registered in the USA. The Henkel Group is the parent company of eSalon.com LLC.
Henkel AG & Co KGaA is the ultimate parent company and controlling party of eSalon.com, Ltd a company incorporated in Germany.
The largest and smallest group in which the results of the company are consolidated is that headed by Henkel AG & Co KGaA, Ltd. Henkel AG & Co KGaA is registered in Germany. The registered office of Henkel AG & Co. KGaA is at Henkelstrabe 67, 40589 Dusseldorf, Germany. The consolidated accounts of the Henkel Group are available to the public and are available to download at www.henkel.com/investor-relations.