REGISTERED NUMBER: 05624859 (England and Wales)

WILLOW BEAUTY PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S A Stowell

SECRETARY:

Miss B L Stowell

REGISTERED OFFICE:

Pennington House

Ridgeway Lane

Lymington

Hampshire

SO41 8AA

REGISTERED NUMBER:

05624859 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BANKERS:

HSBC Bank plc

Mitchell Way

Southampton International Airport

Southampton

Hampshire

SO18 2XU

FIXED ASSETS

Intangible assets

4

39,040

68,056

Tangible assets

5

2,453

3,328

41,493

71,384

CURRENT ASSETS

Stocks

204,868

181,300

Debtors

6

48,494

72,892

Cash at bank and in hand

34,013

4,302

287,375

258,494

CREDITORS

Amounts falling due within one year

7

(203,248

)

(180,523

)

NET CURRENT ASSETS

84,127

77,971

TOTAL ASSETS LESS CURRENT LIABILITIES

125,620

149,355

CREDITORS

Amounts falling due after more than one year

8

(437,991

)

(538,102

)

NET LIABILITIES

(312,371

)

(388,747

)

CAPITAL AND RESERVES

Called up share capital

100,120

100,120

Retained earnings

(412,491

)

(488,867

)

SHAREHOLDERS' FUNDS

(312,371

)

(388,747

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2025 and were signed by:

Mrs S A Stowell - Director

1.	STATUTORY INFORMATION

Willow Beauty Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The going concern position of the company is based on the continuation of support from the director and long term creditors. The director has concluded that with the right management actions and the continued support, the company is a going concern for at least 12 months following the signature of the financial statements. Accordingly the director has prepared the financial statements on this basis.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisiation and any accumulated impairment losses.

Development costs have been fully amortised over their estimate useful life of three years.

Intellectual property is being amortised evenly over its estimated life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Website costs

-

Straight line over 3 years

Fixtures and fittings

-

20% Reducing balance

Computer equipment

-

Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Intellectual

costs

property

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

44,934

290,168

335,102

AMORTISATION

At 1 January 2024

44,934

222,112

267,046

Amortisation for year

-

29,016

29,016

At 31 December 2024

44,934

251,128

296,062

NET BOOK VALUE

At 31 December 2024

-

39,040

39,040

At 31 December 2023

-

68,056

68,056

5.	TANGIBLE FIXED ASSETS

Fixtures

Website

and

Computer

costs

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

16,787

5,682

11,810

34,279

Additions

800

-

239

1,039

Disposals

(12,368

)

-

(6,026

)

(18,394

)

At 31 December 2024

5,219

5,682

6,023

16,924

DEPRECIATION

At 1 January 2024

13,841

5,364

11,746

30,951

Charge for year

1,740

64

110

1,914

Eliminated on disposal

(12,368

)

-

(6,026

)

(18,394

)

At 31 December 2024

3,213

5,428

5,830

14,471

NET BOOK VALUE

At 31 December 2024

2,006

254

193

2,453

At 31 December 2023

2,946

318

64

3,328

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,149

14,221

Other debtors

28,345

58,671

48,494

72,892

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

26,372

28,234

Trade creditors

49,674

35,165

Taxation and social security

25,711

20,930

Other creditors

101,491

96,194

203,248

180,523

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

85,473

111,372

Other creditors

352,518

426,730

437,991

538,102

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

111,845

139,606

The company has benefited from the UK government's provision of security for 100% of the Bounce Back Loan.

10.	RELATED PARTY DISCLOSURES

During the year, advances totalling £39,424 (2023: £86,046) were made to the company’s director. £69,126 (2023: £32,307) was repaid prior to the year-end. The balance outstanding at the year-end was £24,751 (2023: £54,454). Interest has been charged at HMRC's official rate. This loan has been fully repaid post year end.

During the year the company received monies from Greenclose Holdings Limited, a company under the control of the director's spouse, totalling £nil (2023: £12,792), and made payments totalling £59,747 (2023: £99,781). At the balance sheet date the balance owed was £401,709 (2023: £461,456). No interest was charged under this arrangement.