REGISTERED NUMBER: 12153034 (England and Wales)

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASPECTS BEAUTY GROUP LIMITED

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

7

Report of the Independent Auditors

9

Consolidated Income Statement

13

Consolidated Other Comprehensive Income

14

Consolidated Balance Sheet

15

Company Balance Sheet

17

Consolidated Statement of Changes in Equity

18

Company Statement of Changes in Equity

19

Consolidated Cash Flow Statement

20

Notes to the Consolidated Cash Flow Statement

21

Notes to the Consolidated Financial Statements

23

DIRECTORS:

A J S Field

A J B Jackson

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

12153034 (England and Wales)

AUDITORS:

LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

The directors present their strategic report of the company and the group for the year ended 31 December 2025.

REVIEW OF BUSINESS

The principal activity of the Company in the year under review was that of the marketing and sale of fragrances, cosmetics and related products and services.

The key financial and other performance indicators during the year were as follows:

Total turnover for the year increased by 8.1%, a great result under ongoing difficult trading conditions. All divisions grew their business during the year with the exception of a 2.6% decline in turnover on the managed services business resulting in a fee reduction in real terms of 2.6% year over year.

Whilst not recognised in the financial statements of the Company, if the turnover of third parties, for which the Company received a fee under a management services agreement was included, total turnover for which the Company had responsibility increased marginally by 0.10% year on year.

Gross margin grew marginally to 39.9% and total gross profit in real terms increased by 9.3%.

The Company continues to focus on securing the foundations of a profitable business to safeguard its long-term health and future. Priorities include protecting its unique culture with a happy and motivated workforce and nurturing its long-standing brand owner and retailer partnerships. The Company also believes in embracing change and remains fresh and relevant, with a forward-thinking approach to technology, systems, and communications, for smarter, more efficient, and more productive working.

Salary costs increased during the year with pay awards made during July as in previous years. This reflected further restructuring of the business in accordance with its long-term strategy. The Company was also able to make a provision for a significant 'thank you' payment awarded to key staff which was paid in March 2026.

The Company made an operating profit in the year of £2,439k compared to an operating profit in the previous year of £2,200k, an improvement of 10.8%. Operating profit as a percentage of reported turnover was 11.7% in 2025 marginally up from 11.4% in 2024. The Company has remained focused on its longer-term future and has continued to develop its plans in line with the goals and objectives of its strategic plan, and this is reflected in its ability to maintain its operating profit as a percentage of sales in a challenging year.

Overall, administrative expenses increased by 11.3% with increases in salaries as mentioned above, and in staff benefits in all categories and areas. In addition, brand operating costs increased by 19.9%. Establishment costs fell by 27.9% reflecting the need for only minor ongoing repairs and maintenance of the Company's property, a Grade 2 listed building, after significant expenditure in the previous year.

Net profit before tax increased by 10.6% year on year and increased marginally to 12.1% as a percentage of Turnover compared with 11.9% in 2024. Bank charges were 17.8% lower year on year as the Company further reduced its overdraft facilities as cash reserves continued to improve.

The Company generated £89k of interest receivable as a result of positive cash balances during the year and sound management of its cashflow. The Company benefitted from exchange gains of £40k through appropriate currency buying initiatives. Profit after tax for the financial year was up by 10.6% compared with the previous year and represented 9.1% of turnover compared with 8.9% in 2024.

The Company ended the year with net current assets of £5,874k against net current assets of £4,511k a year ago, an increase of 30.2.%. Debtors were well managed, and no bad debts were incurred during the year. Stock levels fell by 21.1% illustrating much better control on stock levels and commitment despite the increased level of sales during the year. Inventory management continues to be a focus. Cash reserves increased 31.3% from £4,233k in 2024 to £5,557k at the end of 2025.

Shareholders' funds increased by 20.4% to £7,980k from £6,627k at the end of 2024, due to profit after tax for the year of £1,895k and payment of dividends of £542k. Retained earnings at the end of 2025 rose to £6,576k, an increase of 26.1%.

The Directors are extremely pleased with the results for the year. Brexit continues to have a negative influence for the business with challenges in the logistics and UK compliance areas, which take up a disproportionate amount of time, money, and effort to manage effectively. The Directors are very proud of their employees who performed exceptionally well during what was, once again, a very challenging but rewarding year.

The Board continues to develop its skills and abilities and enhanced communication within the business as the company turns its focus on achieving the goals and objectives of its longer-term strategic plans. In March 2026 Margaret McHugh was appointed to the Board of Aspects Beauty Company as Marketing Director further strengthening the experience and skilled resources at Board level.

The Jim Jackson Educational and Enabling Foundation (JJEEF), set up in memory of Jim Jackson, co-founder and former joint managing director of the Company, continued its support of disadvantaged young persons, and aided and assisted a significant number of individuals benefiting from that support during 2025. Now in its fourth year, the charity continues to evolve and has benefitted from contributions from the Company and its employees, external donations and support and donations from within the beauty industry. At the end of the year, the charity had significant reserves and was in an excellent position to continue to support the needs of existing and new beneficiaries during 2026.

PRINCIPAL RISKS AND UNCERTAINTIES

The Company's business is linked to the retail environment in which its customers operate. The changing economic conditions impact the buying behaviour of the end consumer, and this is reflected in the performance of the business. During 2025, total retail sales for the company were virtually flat year on year as a whole. The Chains sector fell by 2.4% and represented 62.6% of the total retail business for the Company. E-commerce retail sales also fell by 22.5%, representing 7.2% of total retail sales of the Company, as the trend for online purchases continues to decline. Department store retail business grew by 13.9%, representing 11.9% of total retail sales; Travel Retail retail sales grew 7.3% year on year, representing 18.1% of total retail business. Independent business retail sales represented only 0.3% of total retail sales but increased by 10.5% year on year.

The Company purchases stock in several currencies and does not currently hedge this risk. Prices are based on determining an appropriate average rate of exchange over the next twelve months. This is monitored on a regular basis and extreme increases in the rates can be mitigated by an increase in wholesale prices. The nature of products sold and the distribution through which they are sold allows the company to do this at relatively short notice and with little impact on turnover and profitability.

The Company is effective in managing its debtors through the regular review of payment profiles and behaviour and on credit information acquired, resulting in changes to or withdrawal of credit facilities as appropriate. The Company does not ensure its debts and believes that the current methods and processes adopted provide it with the ability and flexibility to react quickly to the needs of its customers and to take advantage of opportunities as they arise. The incidence of debts having to be written off continues to be minimal.

Cashflow is monitored on a regular basis due to the nature of the business and the importance of trade at Christmas which continues to account for a major part of the company's turnover. The company has appropriate banking facilities in place and has the full support of its bankers. Effective management of cash, debtors and creditors is measured through an analysis of the credit rating assigned to the Company by major credit rating agencies. This has continued to improve over the last 12 months. The Company has no loans but retains an appropriate overdraft facility to ensure there are no short-term cash implications. The level of the facility has been further reduced year on year, and it is anticipated that it will reduce further over the next 12 to 24 months.

The impact of leaving the EU at the end of 2020 still continues to be felt. The resource and expenses required to meet further new compliance requirements were significant and will continue to be so in the future as further divergence between EU and UK legislation arises. The Company believes these challenges will continue in the future but is confident that it can continue to meet these requirements and will ensure adequate resources are available to assist in this area.

Ongoing events in the world are carefully monitored by the Company, and action has been taken where possible to mitigate the impact of such events as they affect the business, in particular on its supply chain. Compliance continues to be a major burden both in terms of administrative demands and costs, and this is likely to increase in the future requiring further resource allocation. The Company continues to communicate with its brands to determine the impact on supply and fulfilment within the UK and Ireland markets and to examine alternatives.

The general increase in the cost of living experienced by employees and consumers alike, including increased utility bills, food and drink and interest rates affecting mortgages and home buying remains a major concern for the Company, even with signs that inflation is falling and interest rates may be cut during 2026. The Company is doing everything possible to help employees facing major challenges arising from this situation. The Board continues to monitor this situation and will consider further support if necessary and affordable. The Company continues to manage and review all overheads within the business. As a result, the Company has been conservative with its budgets and forecasts for the year ahead and is managing all the activities in the business with extreme caution and vigilance as the impact of the current economic and political situations evolve further.

With all the uncertainty and challenges facing the business, the Company reviews its risk register regularly and it is a standing agenda item at all Executive and Board Meetings. It has also developed a robust disaster recovery programme reviewed annually.

The Company monitors the impact of losing a substantial brand and the impact on its profitability and cashflow and the restructuring costs that would be incurred. The Directors have taken the decision to set aside a cash reserve to mitigate the impact of this as far as is possible and the reserve is updated based on scenario planning for such events should they occur.

ON BEHALF OF THE BOARD:

A J S Field - Director

19 August 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of the marketing and sale of fragrances, cosmetics and related products and services.

DIVIDENDS

The total distribution of dividends for the year ended 31 December 2025 will be £542,000.

FUTURE DEVELOPMENTS

The Directors of the Aspects Beauty Group have been mindful of the political uncertainty arising from the global situation - USA driven global trading uncertainty, a major European war and the hostilities in the Middle East sparking an energy crisis and disruption to shipping. Accordingly, their approach has been cautious.

However, they have worked with an external advisor and ran an internal workshop to refine their motivation and assess risk and opportunities relating to some of the strategies being considered for development.

A number of potential acquisition targets were identified, but eventually not progressed because of the unrealistic expectations of the exiting proprietors on valuations.

Ultimately, a single opportunity has been identified as having potential with low risk. A current Brand Owner for Aspects Beauty Company is seeking a partner in the UK to assist in the development of a perfumery concept. Work on this project commenced in 2026 and will be reported in the 2026 filing. However, 2026/7 will be a bridge year for the project and the Group will be preparing the operational and legal groundwork for the enterprise, which will be run by the subsidiary of the Group, Balneath Enterprises.

Work continues on the creation of a staffing/events/merchandising force. However, as this is a payroll heavy project, the Directors have been waiting for clearer and definitive changes to payroll taxes, employment law and training incentives from the Government. The success of such a force depends on the viability of retail, retail parks, hospitality in the form of events and experiential activity - continued uncertainty relating to business rates, strong headwinds against traditional retailing and lack of consumer confidence have caused the Directors to re-assess the timing of such an enterprise.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

A J S Field

A J B Jackson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, LMDB Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

A J S Field - Director

19 August 2026

Opinion

We have audited the financial statements of Aspects Beauty Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

- Enquiry of management and those charged with governance on the actual and potential litigation and claims, and also any instances of non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

- Professional scepticism in the course of the audit and with audit sampling in material audit areas.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Stuart Andrew Murray (FCCA) (Senior Statutory Auditor)

for and on behalf of LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

21 August 2026

TURNOVER

20,858,216

19,288,638

Cost of sales

12,536,015

11,677,225

GROSS PROFIT

8,322,201

7,611,413

Administrative expenses

5,883,256

5,411,127

OPERATING PROFIT

5

2,438,945

2,200,286

Interest receivable and similar income

91,031

86,978

2,529,976

2,287,264

Interest payable and similar expenses

6

1,944

395

PROFIT BEFORE TAXATION

2,528,032

2,286,869

Tax on profit

7

632,700

572,560

PROFIT FOR THE FINANCIAL YEAR

1,895,332

1,714,309

Profit attributable to:

Owners of the parent

1,895,163

1,714,156

Non-controlling interests

169

153

1,895,332

1,714,309

PROFIT FOR THE YEAR

1,895,332

1,714,309

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,895,332

1,714,309

Total comprehensive income attributable to:

Owners of the parent

1,895,163

1,714,156

Non-controlling interests

169

153

1,895,332

1,714,309

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

2,227,376

2,256,625

Investments

12

-

-

2,227,376

2,256,625

CURRENT ASSETS

Stocks

13

959,606

1,216,187

Debtors

14

3,473,523

3,046,504

Cash at bank

5,556,999

4,232,850

9,990,128

8,495,541

CREDITORS

Amounts falling due within one year

15

4,115,256

3,984,332

NET CURRENT ASSETS

5,874,872

4,511,209

TOTAL ASSETS LESS CURRENT LIABILITIES

8,102,248

6,767,834

PROVISIONS FOR LIABILITIES

17

122,268

141,186

NET ASSETS

7,979,980

6,626,648

CAPITAL AND RESERVES

Called up share capital

18

224

224

Revaluation reserve

19

1,266,306

1,274,707

Capital redemption reserve

19

137,211

137,211

Retained earnings

19

6,575,354

5,213,790

SHAREHOLDERS' FUNDS

7,979,095

6,625,932

NON-CONTROLLING INTERESTS

20

885

716

TOTAL EQUITY

7,979,980

6,626,648

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

A J B Jackson - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

-

-

Investments

12

113

112

113

112

CURRENT ASSETS

Debtors

14

112

112

CREDITORS

Amounts falling due within one year

15

1

-

NET CURRENT ASSETS

111

112

TOTAL ASSETS LESS CURRENT LIABILITIES

224

224

CAPITAL AND RESERVES

Called up share capital

18

224

224

SHAREHOLDERS' FUNDS

224

224

Company's profit for the financial year

542,000

480,000

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

A J B Jackson - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2024

224

3,971,233

1,283,108

Changes in equity

Dividends

-

(480,000

)

-

Total comprehensive income

-

1,714,156

-

Transfer

-

8,401

(8,401

)

Balance at 31 December 2024

224

5,213,790

1,274,707

Changes in equity

Dividends

-

(542,000

)

-

Total comprehensive income

-

1,895,163

-

Transfer

-

8,401

(8,401

)

Balance at 31 December 2025

224

6,575,354

1,266,306

Capital

redemption

Non-controlling

Total

reserve

Total

interests

equity

£

£

£

£

Balance at 1 January 2024

137,211

5,391,776

563

5,392,339

Changes in equity

Dividends

-

(480,000

)

-

(480,000

)

Total comprehensive income

-

1,714,156

153

1,714,309

Balance at 31 December 2024

137,211

6,625,932

716

6,626,648

Changes in equity

Dividends

-

(542,000

)

-

(542,000

)

Total comprehensive income

-

1,895,163

169

1,895,332

Balance at 31 December 2025

137,211

7,979,095

885

7,979,980

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2024

224

-

224

Changes in equity

Dividends

-

(480,000

)

(480,000

)

Total comprehensive income

-

480,000

480,000

Balance at 31 December 2024

224

-

224

Changes in equity

Dividends

-

(542,000

)

(542,000

)

Total comprehensive income

-

542,000

542,000

Balance at 31 December 2025

224

-

224

Cash flows from operating activities

Cash generated from operations

1

2,417,403

2,039,981

Interest paid

(1,944

)

(395

)

Tax paid

(617,664

)

(414,606

)

Net cash from operating activities

1,797,795

1,624,980

Cash flows from investing activities

Purchase of tangible fixed assets

(23,166

)

(36,158

)

Sale of tangible fixed assets

489

-

Interest received

91,031

86,978

Net cash from investing activities

68,354

50,820

Cash flows from financing activities

Equity dividends paid

(542,000

)

(480,000

)

Net cash from financing activities

(542,000

)

(480,000

)

Increase in cash and cash equivalents

1,324,149

1,195,800

Cash and cash equivalents at beginning of year

2

4,232,850

3,037,050

Cash and cash equivalents at end of year

2

5,556,999

4,232,850

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

2,528,032

2,286,869

Depreciation charges

51,019

49,123

Loss on disposal of fixed assets

907

988

Finance costs

1,944

395

Finance income

(91,031

)

(86,978

)

2,490,871

2,250,397

Decrease/(increase) in stocks

256,581

(259,117

)

Increase in trade and other debtors

(427,019

)

(846,112

)

Increase in trade and other creditors

96,970

894,813

Cash generated from operations

2,417,403

2,039,981

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2025

31.12.25

1.1.25

£

£

Cash and cash equivalents

5,556,999

4,232,850

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

4,232,850

3,037,050

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank

4,232,850

1,324,149

5,556,999

4,232,850

1,324,149

5,556,999

Total

4,232,850

1,324,149

5,556,999

1.	STATUTORY INFORMATION

Aspects Beauty Group 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 General Information page.

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

2.	ACCOUNTING POLICIES

Going concern

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions

The group has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirement of paragraph 33.7.

Significant judgements and estimates

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors have not identified any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. In the opinion of the directors there are no key sources of estimation uncertainty to report.

Turnover

Turnover represents amounts invoiced by the company from the sale of fragrances, provision of staffing and agency fees payable.

Turnover is measured at fair value of the consideration received or receivable net of returns, discounts, and value added tax.

The company recognises turnover when the significant risks and rewards of ownership have been transferred to the buyer, the company retains no continuing control over the goods, the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the company.

Interest income is recognised on an accruals basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1994, has been fully amortised.

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

-

20% on cost, 10% on cost and 2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost and 20% on cost

Freehold land is not depreciated. Freehold buildings consist of a Grade II listed building. The directors have reviewed the estimated useful life of freehold buildings and consider this to be 50 years. Depreciation is therefore charged to write down the value of freehold buildings to estimated residual value on a straight line basis over 50 years.

The directors have adopted a policy of regular revaluation in relation to the freehold property. At each revaluation date, the expected life and residual value, based on the prices prevailing at the time of acquisition, are assessed on the basis of information available at that time. An independent valuer carries out a formal revaluation when it is deemed appropriate by the management of Aspects. Any permanent diminution in value identified on revaluation is charged to the profit and loss account.

Stocks

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