DESIGN_PLUS_HEALTH_&_BEAU - Accounts

DESIGN PLUS HEALTH & BEAUTY LIMITED - Company Information

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Company Registration No. 03864598 (England and Wales)

DESIGN PLUS HEALTH & BEAUTY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

DESIGN PLUS HEALTH & BEAUTY LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 6

DESIGN PLUS HEALTH & BEAUTY LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DESIGN PLUS HEALTH & BEAUTY LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Design Plus Health & Beauty Limited for the year ended 30 September 2014 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Design Plus Health & Beauty Limited, as a body, in accordance with the terms of our engagement letter dated 28 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Design Plus Health & Beauty Limited and state those matters that we have agreed to state to the Board of Directors of Design Plus Health & Beauty Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Design Plus Health & Beauty Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Design Plus Health & Beauty Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Design Plus Health & Beauty Limited. You consider that Design Plus Health & Beauty Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Design Plus Health & Beauty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore and Smalley LLP

Chartered Accountants

Priory Close

St Marys Gate

Lancaster

LA1 1XB

16 June 2015

DESIGN PLUS HEALTH & BEAUTY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

1,874,775

1,763,667

Current assets

Stocks

873,579

572,994

Debtors

1,126,554

1,333,972

Cash at bank and in hand

35,617

144,628

2,035,750

2,051,594

Creditors: amounts falling due within one year

(1,950,295)

(2,007,034)

Net current assets

85,455

44,560

Total assets less current liabilities

1,960,230

1,808,227

Creditors: amounts falling due after more than one year

(152,795)

(183,638)

Provisions for liabilities

(233,367)

(191,213)

Accruals and deferred income

(43,855)

(16,659)

1,530,213

1,416,717

Capital and reserves

Called up share capital

5,100

Profit and loss account

1,525,113

1,411,617

Shareholders' funds

1,530,213

1,416,717

DESIGN PLUS HEALTH & BEAUTY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2014

- 3 -

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 June 2015

Mr A N Appleyard

Mrs C D Appleyard

Director

Company Registration No. 03864598

DESIGN PLUS HEALTH & BEAUTY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property improvements

15% straight line

Plant & Machinery

10% or 15% reducing balance

Fixtures & Fittings

33.33% straight line

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.10

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

DESIGN PLUS HEALTH & BEAUTY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Accounting policies

(Continued)

- 5 -

1.11

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.12

Hire purchase agreements

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.13

Pension costs

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 October 2013

2,852,644

Additions

360,158

Disposals

(3,596)

At 30 September 2014

3,209,206

Depreciation

At 1 October 2013

1,088,977

On disposals

(1,216)

Charge for the year

246,670

At 30 September 2014

1,334,431

Net book value

At 30 September 2014

1,874,775

At 30 September 2013

1,763,667

DESIGN PLUS HEALTH & BEAUTY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 6 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £480,098 (2013 - £503,786).

Security on the bank loans has been given in the way of a debenture. The debenture has "fixed and floating charges over all the assets and undertaking of Design Plus Health & Beauty Limited, including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future".

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2013 - £68,917).

Share capital

2014

2013

Allotted, called up and fully paid

2,601 Ordinary shares of £1 each

2,601

2,499 'A' Ordinary shares of £1 each

2,499

5,100

Ultimate parent company

The company's immediate and ultimate parent company is Design Plus (Holdings) Limited, a company incorporated in England and Wales.