Company registration number 14491708 (England and Wales)
BODYSHOP SOLUTIONS TREDEGAR LIMITED
Unaudited Financial Statements
for the Year Ended 30 November 2024
BODYSHOP SOLUTIONS TREDEGAR LIMITED
CONTENTS
Page
Company Information
0
Balance sheet
1
Notes to the financial statements
2 - 6
BODYSHOP SOLUTIONS TREDEGAR LIMITED
COMPANY INFORMATION
Director
Mrs R K Seaward
Company number
14491708
Registered office
36 Harford Gardens
Sirhowy
Tredegar
Gwent
Wales
NP22 4QX
Accountants
Mitchell Associates Ltd
The Business Centre
Triangle Business Park
Merthyr Tydfil
CF48 4TQ
Business address
Unit 3A E F I Industrial Estate
Brecon Road
Merthyr Tydfil
CF47 8RB
BODYSHOP SOLUTIONS TREDEGAR LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
60,071
35,067
Current assets
Stocks
4
2,500
7,500
Debtors
5
11,401
11,464
Cash at bank and in hand
5
4
13,906
18,968
Creditors: amounts falling due within one year
6
(202,632)
(149,680)
Net current liabilities
(188,726)
(130,712)
Net liabilities
(128,655)
(95,645)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(128,656)
(95,646)
Total equity
(128,655)
(95,645)

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 November 2025
Mrs R K Seaward
Director
Company registration number 14491708 (England and Wales)
BODYSHOP SOLUTIONS TREDEGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information

Bodyshop Solutions Tredegar Limited is a private company limited by shares incorporated in England and Wales. The registered office is 36 Harford Gardens, Sirhowy, Tredegar, Gwent, Wales, NP22 4QX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net current liabilities of £188,726 (2023 - £130,712) and total net liabilities of £128,655 (2023 - £95,645). However creditors includes loans from the directors of £95,470 (2023 - £19,687). In addition the directors are aware of the turnover and margins that the company needs to achieve in order to keep the company in profit and they believe these targets can be met. The directors review realistic objectives at regular intervals, based on this periodic review, the company's plans and the continued support of the directors, they consider it appropriate to prepare the financial statements on the going concern basis.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Computers
20% reducing balance
Motor vehicles
20% straight line

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 credited or charged to profit or loss.

BODYSHOP SOLUTIONS TREDEGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

BODYSHOP SOLUTIONS TREDEGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
11
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2023
26,500
2,000
11,000
39,500
Additions
36,288
-
0
-
0
36,288
At 30 November 2024
62,788
2,000
11,000
75,788
Depreciation and impairment
At 1 December 2023
3,850
400
183
4,433
Depreciation charged in the year
8,764
320
2,200
11,284
At 30 November 2024
12,614
720
2,383
15,717
BODYSHOP SOLUTIONS TREDEGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
3
Tangible fixed assets
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
- 5 -
Carrying amount
At 30 November 2024
50,174
1,280
8,617
60,071
At 30 November 2023
22,650
1,600
10,817
35,067
4
Stocks
2024
2023
£
£
Stocks
2,500
7,500
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,087
7,612
Other debtors
314
3,852
11,401
11,464
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
18,293
17,862
Trade creditors
33,894
53,725
Taxation and social security
40,679
36,921
Other creditors
109,766
41,172
202,632
149,680
BODYSHOP SOLUTIONS TREDEGAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
7
Loans and overdrafts
2024
2023
£
£
Bank loans
1,776
-
0
Bank overdrafts
16,517
17,862
Other loans
12,161
18,590
30,454
36,452
Payable within one year
30,454
36,452

The ILSA Consulting loan is denominated in GBP with an interest rate payable of 0.45% per annum. The balance at year ended 30 November 2024 is £12,161 with settlement due by 31 December 2024.

The Natwest Loan is denominated in GBP. The balance due at the year end is £1,776, due to be repaid in full by December 2024.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows

Property lease expiring on 1 January 2029 with annual payments of £24,850 per annum,

2024
2023
£
£
Total commitments
101,471
126,321
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