REGISTERED NUMBER: 02968674

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Absolute Aromas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

D G Tomlinson

Secretary:

K S Tomlinson

Registered office:

1 Absolute House

Mill Lane

Alton

GU34 2PX

Registered number:

02968674

Accountants:

Pinkham Blair

Chartered Accountants

87a High Street

The Old Town

Hemel Hempstead

Hertfordshire

HP1 3AH

Fixed assets

Tangible assets

4

127,034

164,875

Investments

5

210,088

310,088

337,122

474,963

Current assets

Stocks

920,292

1,136,822

Debtors

6

1,189,318

749,102

Cash at bank

-

18,245

2,109,610

1,904,169

Creditors

Amounts falling due within one year

7

1,102,803

849,799

Net current assets

1,006,807

1,054,370

Total assets less current liabilities

1,343,929

1,529,333

Creditors

Amounts falling due after more than one year

8

(190,570

)

(302,147

)

Provisions for liabilities

(21,986

)

(40,557

)

Net assets

1,131,373

1,186,629

Capital and reserves

Called up share capital

10

215,002

215,002

Retained earnings

916,371

971,627

Shareholders' funds

1,131,373

1,186,629

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 his 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 17 September 2025 and were signed by:

D G Tomlinson - Director

1.	Statutory information

Absolute Aromas Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

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

Taxation

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

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

3.	Employees and directors

The average number of employees during the year was 25 (2023 - 28 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

684,080

Additions

1,281

Disposals

(5,824

)

At 31 December 2024

679,537

Depreciation

At 1 January 2024

519,205

Charge for year

37,214

Eliminated on disposal

(3,916

)

At 31 December 2024

552,503

Net book value

At 31 December 2024

127,034

At 31 December 2023

164,875

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

310,088

Provisions

Reclassification

100,000

At 31 December 2024

100,000

Net book value

At 31 December 2024

210,088

At 31 December 2023

310,088

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

476,296

307,021

Amounts owed by group undertakings

651,921

372,204

Other debtors

61,101

69,877

1,189,318

749,102

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

196,359

93,700

Hire purchase contracts (see note 9)

15,866

19,155

Trade creditors

360,506

373,789

Amounts owed to group undertakings

176,915

54,538

Taxation and social security

63,471

69,334

Other creditors

289,686

239,283

1,102,803

849,799

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

182,126

279,722

Hire purchase contracts (see note 9)

8,444

22,425

190,570

302,147

9.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

15,866

19,155

Between one and five years

8,444

22,425

24,310

41,580

Non-cancellable

operating leases

2024

2023

£

£

Within one year

90,000

120,000

Between one and five years

-

90,000

90,000

210,000

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

215,000

Preference

£1

215,000

215,000

215,002

215,002