ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11389511

PHOENIX BEAUTY LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED

30 JUNE 2026

01483 755 399

hamlyns.com

PHOENIX BEAUTY LTD

REGISTERED NUMBER: 11389511

BALANCE SHEET

AS AT 30 JUNE 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		15,823		17,352
			15,823		17,352
Current assets
Stocks		5,734,048		3,369,940
Debtors: amounts falling due within one year	5	3,515,085		2,834,859
Cash at bank and in hand		100,784		498,288
		9,349,917		6,703,087
Creditors: amounts falling due within one year	6	(6,045,161)		(3,839,865)
Net current assets			3,304,756		2,863,222
Total assets less current liabilities			3,320,579		2,880,574
Creditors: amounts falling due after more than one year	7		(3,000,000)		(2,575,000)
Provisions for liabilities
Deferred tax		(3,956)		(5,261)
			(3,956)		(5,261)
Net assets			316,623		300,313

Capital and reserves
Called up share capital	100	100
Profit and loss account	316,523	300,213
	316,623	300,313

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2026.

Mr N Buckley

Director

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PHOENIX BEAUTY LTD

REGISTERED NUMBER: 11389511

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2026

The notes on pages 3 to 10 form part of these financial statements.

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

1.	General information

Phoenix Beauty Ltd is a private company, limited by shares, registered in England and Wales. The registered office address and registered number are detailed below:

Registered office address: Sundial House, High Street, Horsell, Woking, England, GU21 4SU
Registered number: 11389511

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company is supported through secured interest bearing shareholder loans, as detailed in note 8. These loans will only be repayable when the shareholder ceases to own any shares in the Company. The directors have received confirmation that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. Accordingly, the financial statements have been prepared on a going concern basis.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	over 3 years
				Office equipment	-	over 3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

2.Accounting policies (continued)

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 38 (2025 - 39).

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 July 2025	27,813	45,314	73,127
Additions	1,263	8,084	9,347
Disposals	(166)	-	(166)
At 30 June 2026	28,910	53,398	82,308
Depreciation
At 1 July 2025	26,037	29,738	55,775
Charge for the year on owned assets	2,023	8,853	10,876
Disposals	(166)	-	(166)
At 30 June 2026	27,894	38,591	66,485
Net book value
At 30 June 2026	1,016	14,807	15,823
At 30 June 2025	1,776	15,576	17,352

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

Debtors

					2026	2025
					£	£


Trade debtors	2,839,629	2,284,841
Amounts owed by group undertakings	53,637	59,637
Other debtors	160,374	103,841
Prepayments and accrued income	461,445	386,540
	3,515,085	2,834,859

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	630,000	284,646
Trade creditors	3,902,279	2,322,666
Corporation tax	60,408	111,310
Other taxation and social security	95,433	534,139
Other creditors	193,568	178,794
Accruals and deferred income	1,155,077	381,663
Financial instruments	8,396	26,647
	6,045,161	3,839,865

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Debentures loans	3,000,000	2,575,000
	3,000,000	2,575,000

The following liabilities were secured:
	2026	2025
	£	£


Debenture loans	3,000,000	2,575,000
	3,000,000	2,575,000

Details of security provided:

Included in other creditors are secured interest bearing shareholder loans of £3,000,000 (2025: £2,575,000). Repayment is not due within 12 months of the year end. The loans are secured by a fixed and floating charge over all assets of the Company.

Amounts falling due within one year
Bank and other loans	630,000	284,646
	630,000	284,646
Amounts falling due 1-2 years
Debenture loans	3,000,000	2,575,000
	3,000,000	2,575,000


	3,630,000	2,859,646

9.	Pension commitments

Pension commitments as at the year end were £6,074 (2025: £5,961).

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PHOENIX BEAUTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

10.Other financial commitments

The Company has entered into a forward contract during the year to buy USD1,377,435 and EUR41,953 (2025: USD1,611,600) at an exchange rate which will be settled within a year.

11.	Related party transactions

		2026	2025
		£	£

Amounts owed to director	-	17,500
Amounts owed to company under common control	53,637	59,637
Amounts owed to shareholder	3,000,000	2,575,000
Purchases from company under common control	(52,034)	(23,647)
Sales to company under common control	62,279	46,085

12.	Controlling party

The Company's ultimate controlling party is Shelley Ann Smyth by virtue of its ownership of 51% or more of the issued share capital in the Company.

13.	Provisions available for audits of small entities

In common with many other businesses of our size and nature, we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14.	Auditors' information

The auditors' report on the financial statements for the year ended 30 June 2026 was unqualified.

The audit report was signed on 29 October 2026 by Oliver Spevack (senior statutory auditor) on behalf of Hamlyns Limited.

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