In Line Health and Beauty Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03399945 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

In Line Health and Beauty Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C M Cain

SECRETARY:

Mrs A Cain

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

03399945 (England and Wales)

ACCOUNTANTS:

SMH BCL Accountants Ltd

2, Pavilion Business Park

Royds Hall Road

Lower Wortley

Leeds

LS12 6AJ

FIXED ASSETS

Tangible assets

4

2,284,098

971,514

CURRENT ASSETS

Stocks

586,844

419,871

Debtors

5

121,065

147,258

Cash at bank and in hand

576,176

721,736

1,284,085

1,288,865

CREDITORS

Amounts falling due within one year

6

298,105

232,030

NET CURRENT ASSETS

985,980

1,056,835

TOTAL ASSETS LESS CURRENT LIABILITIES

3,270,078

2,028,349

CREDITORS

Amounts falling due after more than one
year

7

(19,235

)

(36,216

)

PROVISIONS FOR LIABILITIES

(302,821

)

(66,810

)

NET ASSETS

2,948,022

1,925,323

CAPITAL AND RESERVES

Called up share capital

1,000

Fair value reserve

8

1,110,609

-

Retained earnings

1,836,413

1,924,323

SHAREHOLDERS' FUNDS

2,948,022

1,925,323

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 30 September 2025 and were signed by:

Mr C M Cain - Director

1.	STATUTORY INFORMATION

In Line Health and Beauty 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 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 as modified by the revaluation of certain assets.

Changes in accounting policies

The company changed it's accounting policy for freehold property from the cost model to the revaluation model. Management consider that the revaluation model provides more reliable and relevant information on the value of these assets.

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.

Freehold property

-

not provided

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 17 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST OR VALUATION

At 1 January 2024

846,105

10,175

722,162

Additions

-

Revaluations

1,153,895

-

At 31 December 2024

2,000,000

10,175

722,162

DEPRECIATION

At 1 January 2024

200,305

1,176

498,784

Charge for year

16,922

202

22,338

Revaluation adjustments

(217,227

)

-

At 31 December 2024

-

1,378

521,122

NET BOOK VALUE

At 31 December 2024

2,000,000

8,797

201,040

At 31 December 2023

645,800

8,999

223,378

Fixtures

and

Computer

fittings

equipment

Totals

£

COST OR VALUATION

At 1 January 2024

215,602

71,751

1,865,795

Additions

-

1,040

Revaluations

-

1,153,895

At 31 December 2024

215,602

72,791

3,020,730

DEPRECIATION

At 1 January 2024

147,839

46,177

894,281

Charge for year

13,553

6,563

59,578

Revaluation adjustments

-

(217,227

)

At 31 December 2024

161,392

52,740

736,632

NET BOOK VALUE

At 31 December 2024

54,210

20,051

2,284,098

At 31 December 2023

67,763

25,574

971,514

Cost or valuation at 31 December 2024 is represented by:

Improvements

Freehold

to

Plant and

property

machinery

£

Valuation in 2024

2,000,000

-

Cost

-

10,175

722,162

2,000,000

10,175

722,162

Fixtures

and

Computer

fittings

equipment

Totals

£

Valuation in 2024

-

2,000,000

Cost

215,602

72,791

1,020,730

215,602

72,791

3,020,730

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

846,105

Aggregate depreciation

217,227

200,305

Freehold property was valued on an open market basis on 31 December 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

90,606

114,084

Other debtors

30,459

33,174

121,065

147,258

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

18,016

Trade creditors

116,010

120,742

Taxation and social security

24,408

68,970

Other creditors

139,671

24,302

298,105

232,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

19,235

36,216

8.

RESERVES

Fair

value

reserve

£

Freehold property revaluation

1,110,609

At 31 December 2024

1,110,609