REGISTERED NUMBER: 03343104 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Sabel Cosmetics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J B Abel

Mr S Abel

REGISTERED OFFICE:

Mount Pellon Works

Pellon Lane

HALIFAX

West Yorkshire

HX1 4TZ

REGISTERED NUMBER:

03343104 (England and Wales)

ACCOUNTANTS:

Lindley Adams Limited Chartered Accountants

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

FIXED ASSETS

Tangible assets

5

198,515

187,337

CURRENT ASSETS

Stocks

1,968,880

1,282,491

Debtors

6

1,427,646

1,167,533

Cash at bank and in hand

141,483

1,068,916

3,538,009

3,518,940

CREDITORS

Amounts falling due within one year

7

1,106,557

1,221,704

NET CURRENT ASSETS

2,431,452

2,297,236

TOTAL ASSETS LESS CURRENT LIABILITIES

2,629,967

2,484,573

CREDITORS

Amounts falling due after more than one year

8

(24,419

)

(45,578

)

PROVISIONS FOR LIABILITIES

(48,783

)

(45,803

)

NET ASSETS

2,556,765

2,393,192

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,556,763

2,393,190

SHAREHOLDERS' FUNDS

2,556,765

2,393,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

Mr J B Abel - Director

1.	STATUTORY INFORMATION

Sabel Cosmetics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

33% on cost

Lab Equipment

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and equipment

-

20% on cost

Motor vehicles

-

33% on cost

Office equipment

-

20% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 49 ) .

5.	TANGIBLE FIXED ASSETS

Short

Lab

Plant and

leasehold

Equipment

machinery

£

£

£

COST

At 1 May 2024

15,775

29,626

1,037,010

Additions

-

511

88,376

Disposals

-

-

(253,911

)

At 30 April 2025

15,775

30,137

871,475

DEPRECIATION

At 1 May 2024

15,775

28,992

859,159

Charge for year

-

588

88,128

Eliminated on disposal

-

-

(251,927

)

At 30 April 2025

15,775

29,580

695,360

NET BOOK VALUE

At 30 April 2025

-

557

176,115

At 30 April 2024

-

634

177,851

Fixtures

and

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

23,139

-

33,705

1,139,255

Additions

9,237

3,500

4,108

105,732

Disposals

-

-

-

(253,911

)

At 30 April 2025

32,376

3,500

37,813

991,076

DEPRECIATION

At 1 May 2024

22,713

-

25,279

951,918

Charge for year

429

408

3,017

92,570

Eliminated on disposal

-

-

-

(251,927

)

At 30 April 2025

23,142

408

28,296

792,561

NET BOOK VALUE

At 30 April 2025

9,234

3,092

9,517

198,515

At 30 April 2024

426

-

8,426

187,337

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 May 2024

154,041

Transfer to ownership

(29,600

)

At 30 April 2025

124,441

DEPRECIATION

At 1 May 2024

64,499

Charge for year

24,888

Transfer to ownership

(15,293

)

At 30 April 2025

74,094

NET BOOK VALUE

At 30 April 2025

50,347

At 30 April 2024

89,542

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,098,200

701,812

Amounts owed by group undertakings

287,664

377,539

Other debtors

43

-

Prepayments & accrued income

41,739

88,182

1,427,646

1,167,533

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

65,057

-

Hire purchase contracts (see note 9)

21,159

24,610

Trade creditors

611,757

616,034

Tax

201,882

141,466

Social security and other taxes

21,300

24,476

VAT

69,583

98,286

Other creditors

17,418

14,647

Directors' loan accounts

1,262

126

Accrued expenses

97,139

302,059

1,106,557

1,221,704

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts (see note 9)

24,419

45,578

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.4.25

30.4.24

£

£

Gross obligations repayable:

Within one year

23,765

28,788

Between one and five years

25,613

49,378

49,378

78,166

Finance charges repayable:

Within one year

2,606

4,178

Between one and five years

1,194

3,800

3,800

7,978

Net obligations repayable:

Within one year

21,159

24,610

Between one and five years

24,419

45,578

45,578

70,188

Non-cancellable

operating leases

30.4.25

30.4.24

£

£

Within one year

122,350

123,246

Between one and five years

152,455

258,083

274,805

381,329

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank overdraft

65,057

-

Hire purchase contracts

45,578

70,188

110,635

70,188

Hire purchase creditors are secured upon the related fixed assets.

The bank overdraft is secured by a fixed and floating charge over all property and assets owned by the company.

11.	CONTINGENT LIABILITIES

The assets of the company are held as a guarantee & debenture by way of a fixed and floating charge over the undertaking and all property and assets present and future on behalf of Hotbed Portfolio Managers LLP (as security trustee for the secured parties) for loan notes to the value of £1,310,931 (2024 £1,651,056) which are due to the secured parties now or at an appointed time in the future by Sabel Cosmetics Holdings Limited, the 100% owner of the company.