REGISTERED NUMBER: 03364536 (England and Wales)

THE BODYSHOP (SKEGNESS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

P G Chapman

J R Chapman

Ms J M Chapman

REGISTERED OFFICE:

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BUSINESS ADDRESS:

Fix Auto

Grantham Drive

Skegness

Lincolnshire

PE25 3RN

REGISTERED NUMBER:

03364536 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

27-29 Lumley Avenue

Skegness

Lincolnshire

PE25 2AT

BANKERS:

HSBC Bank PLC

49 Lumley Road

Skegness

Lincolnshire

PE25 3LW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

90,209

110,432

90,209

110,432

CURRENT ASSETS

Stocks

69,150

53,016

Debtors

6

422,955

355,056

Cash at bank

47,036

164,826

539,141

572,898

CREDITORS

Amounts falling due within one year

7

349,113

437,518

NET CURRENT ASSETS

190,028

135,380

TOTAL ASSETS LESS CURRENT LIABILITIES

280,237

245,812

CREDITORS

Amounts falling due after more than one year

8

(284,957

)

(97,675

)

PROVISIONS FOR LIABILITIES

(17,549

)

(22,447

)

NET (LIABILITIES)/ASSETS

(22,269

)

125,690

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(22,369

)

125,590

SHAREHOLDERS' FUNDS

(22,269

)

125,690

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

P G Chapman - Director

1.	STATUTORY INFORMATION

The Bodyshop (Skegness) 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the aquisition of the business has been amortised evenly over its estimated useful life of ten years

Intangible assets

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

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.

Land and buildings

-

Straight line over 3 years

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the statement of income and retained earnings in the period to which they relate.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

7,000

AMORTISATION

At 1 July 2024

and 30 June 2025

7,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

75,800

430,991

506,791

Additions

-

29,098

29,098

At 30 June 2025

75,800

460,089

535,889

DEPRECIATION

At 1 July 2024

34,699

361,660

396,359

Charge for year

3,032

46,289

49,321

At 30 June 2025

37,731

407,949

445,680

NET BOOK VALUE

At 30 June 2025

38,069

52,140

90,209

At 30 June 2024

41,101

69,331

110,432

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

79,250

85,171

Other debtors

343,705

269,885

422,955

355,056

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

8,682

9,242

Hire purchase contracts

4,040

3,520

Trade creditors

124,373

124,162

Taxation and social security

33,176

93,355

Other creditors

178,842

207,239

349,113

437,518

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

8,679

Hire purchase contracts

9,957

13,996

Other creditors

275,000

75,000

284,957

97,675

The company has £275,000 (2024: 75,000) £1 Redeemable Preference shares. Subject to the provisions of the Companies Act 2006, the company may at any time redeem the whole or any part of the preference shares. The company shall not be entitled to redeem any preference share unless it is fully paid. The redeemable preference shares are currently considered to be core funding and there are no plans to redeem the shares within one year of the statement of financial position date. Consequently, they are shown as a long term financial liability.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

NIL

Ordinary

50p

-

100

(30.6.24 - 200 )

150

A Ordinary

50p

75

-

50

B Ordinary

50p

25

-

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

P G Chapman

Balance outstanding at start of year

95,571

53,189

Amounts advanced

46,782

42,732

Amounts repaid

(235,306

)

(350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(92,953

)

95,571

J R Chapman

Balance outstanding at start of year

110,430

76,937

Amounts advanced

40,544

39,947

Amounts repaid

(215,306

)

(6,454

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(64,332

)

110,430

The company has provided the directors with an interest free loan totalling £nil (2024: £206,001).

The directors have provided an interest free loan totalling £157,309 (2024: £181,249).