Ken Lamacraft Marketing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03019774 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

KEN LAMACRAFT MARKETING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K M Gambrill

Mrs F M Peerless

REGISTERED OFFICE:

Bodycare House

Unit 1 and 2 Sham Farm Business Units

Danegate, Eridge Green

Tunbridge Wells

Kent

TN3 9JA

REGISTERED NUMBER:

03019774 (England and Wales)

ACCOUNTANTS:

Synergee Limited

1 The Old Stables

Eridge Park

Tunbridge Wells

Kent

TN3 9JT

FIXED ASSETS

Tangible assets

4

-

667

Investments

5

1,562,970

1,562,970

1,562,970

1,563,637

CURRENT ASSETS

Stocks

68,934

32,651

Debtors

6

3,526

320,367

Cash at bank

35,767

24,628

108,227

377,646

CREDITORS

Amounts falling due within one year

7

(381,874

)

(629,463

)

NET CURRENT LIABILITIES

(273,647

)

(251,817

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,289,323

1,311,820

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

1,289,123

1,311,620

1,289,323

1,311,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2021 and were signed on its behalf by:

K M Gambrill - Director

Mrs F M Peerless - Director

1.	STATUTORY INFORMATION

Ken Lamacraft Marketing 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 recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

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

- the significant risks and rewards of ownership are transferred to the customer;

- the company does not retain managerial involvement, nor control over the goods sold;

- the amount of turnover can be reliably measured;

- the right to consideration due for the transaction is probable; and

- the costs incurred, or to be incurred, can be reliably measured.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors; loans from banks and other third parties; loans to related parties and investments in non-puttable ordinary shares.

Debt instruments, other than those wholly payable or receivable within one year, including loans and other accounts receivable and payable are initially measured at the present value of future cash flows, and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of consideration expected to be paid or received. If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not at a market rate, the financial asset or liability is initially measured at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument, and subsequently measured at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment, and such impairments is recognised in total comprehensive income.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

16,516

Disposals

(11,850

)

At 31 May 2021

4,666

DEPRECIATION

At 1 June 2020

15,850

Eliminated on disposal

(11,184

)

At 31 May 2021

4,666

NET BOOK VALUE

At 31 May 2021

-

At 31 May 2020

666

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2020

and 31 May 2021

1,562,970

NET BOOK VALUE

At 31 May 2021

1,562,970

At 31 May 2020

1,562,970

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,884

20,586

Amounts owed by group undertakings

-

257,570

Other debtors

1,642

42,211

3,526

320,367

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

283

12,583

Amounts owed to group undertakings

378,443

611,101

Taxation and social security

830

3,565

Other creditors

2,318

2,214

381,874

629,463

8.	SECURED DEBTS

The company has provided fixed and floating charges over its property to secure loans made to its subsidiary, Australian Bodycare UK Limited.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Amounts due to the company from group companies, and due to other group companies by the group, are disclosed as part of notes 7 and 8 respectively. Amounts due to the company from group companies and amounts due to other group companies by the company are unsecured, interest-free and repayable on demand.

The immediate parent company and ultimate parent company is Beauty & Skincare Essentials Limited, a company incorporated in England and Wales. The registered office of the parent company is Bodycare House, Danegate, Eridge Green, Tunbridge Wells, Kent, United Kingdom, TN3 9JA.

Consolidated accounts are not prepared for the group.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ken Lamacraft Marketing Limited for the year ended 31 May 2021 which comprise the Income Statement, Balance Sheet and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ken Lamacraft Marketing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ken Lamacraft Marketing Limited and state those matters that we have agreed to state to the Board of Directors of Ken Lamacraft Marketing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ken Lamacraft Marketing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ken Lamacraft Marketing 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 loss of Ken Lamacraft Marketing Limited. You consider that Ken Lamacraft Marketing 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 Ken Lamacraft Marketing 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.

Synergee Limited

1 The Old Stables

Eridge Park

Tunbridge Wells

Kent

TN3 9JT

4 August 2021