Essensuals (Haywards Heath) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03826486 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Essensuals (Haywards Heath) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Jenkins

REGISTERED OFFICE:

Innovia House

Marish Wharf

St Marys Road

Middlegreen

Slough

SL3 6DA

REGISTERED NUMBER:

03826486 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

4

1,286

2,142

Tangible assets

5

304

383

1,590

2,525

CURRENT ASSETS

Stocks

2,583

2,469

Debtors

6

17,535

27,001

Cash at bank and in hand

5,425

13,243

25,543

42,713

CREDITORS

Amounts falling due within one year

7

109,776

97,806

NET CURRENT LIABILITIES

(84,233

)

(55,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(82,643

)

(52,568

)

CAPITAL AND RESERVES

Called up share capital

9

40,000

40,000

Retained earnings

(122,643

)

(92,568

)

SHAREHOLDERS' FUNDS

(82,643

)

(52,568

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 10 March 2020 and were signed by:

K Jenkins - Director

1.	STATUTORY INFORMATION

Essensuals (Haywards Heath) 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 (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net invoiced sales of goods and services, excluding value added tax.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Franchise costs

Franchise Costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost

in equal instalments over the Franchise period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 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

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.

Going concern

The company meets its day to day working capital requirements in the form of extended supplier credits from

related parties. The director considers that it is appropriate to prepare the financial statements on a going concern

basis as they expect the company to be able to continue to trade within the facilities made available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

Costs

£

COST

At 1 September 2018

and 31 August 2019

5,384

AMORTISATION

At 1 September 2018

3,242

Amortisation for year

856

At 31 August 2019

4,098

NET BOOK VALUE

At 31 August 2019

1,286

At 31 August 2018

2,142

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2018

and 31 August 2019

134,856

DEPRECIATION

At 1 September 2018

134,473

Charge for year

79

At 31 August 2019

134,552

NET BOOK VALUE

At 31 August 2019

304

At 31 August 2018

383

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

17,535

27,001

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

87,634

78,542

Taxation and social security

11,036

11,794

Other creditors

11,106

7,470

109,776

97,806

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.19

31.8.18

£

£

Within one year

32,687

32,777

Between one and five years

15,120

46,620

47,807

79,397

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

10,400

A Ordinary

£1

10,400

10,400

29,600

B Ordinary

£1

29,600

29,600

40,000

40,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

K Jenkins

Balance outstanding at start of year

1,431

1,431

Amounts advanced

185

-

Amounts repaid

(185

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,431

1,431

At the year end, the Director owed the company £1,431 (2018: £1,431).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is K Jenkins.