09636843false70221 - Financial management2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-06-30http://www.companieshouse.gov.uk/cd:Director12022-07-012023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-07-012023-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-07-012023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-06-30http://www.companieshouse.gov.uk/2022-07-012023-06-30http://www.companieshouse.gov.uk/2022-06-30http://www.companieshouse.gov.uk/cd:FRS1022022-07-012023-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-07-012023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-07-012023-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09636843

Hermz Laboratories Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:

Hermz Laboratories Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Piotr Grabinksi
REGISTERED OFFICE
The Mille,
1000 Great West Road
Brentford
Middlesex
TW8 9DW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09636843
ACCOUNTANTS

Hermz Laboratories Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hermz Laboratories Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3118157
CURRENT ASSETS
Stock59,15169,947
Debtors582,23466,962
Cash at bank and in hand7,3977,383
148,782144,292
CREDITORS: Amounts falling due within one year6194,611191,019
NET CURRENT LIABILITIES(45,829)(46,727)
TOTAL ASSETS LESS CURRENT LIABILITIES(45,711)(46,570)
CREDITORS: Amounts falling due after more than one year719,96229,815
NET LIABILITIES(65,673)(76,385)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(65,674)(76,386)
SHAREHOLDERS' FUNDS(65,673)(76,385)
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/08/2023 and signed on their behalf by
.............................
Piotr Grabinksi
Director

Hermz Laboratories Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

Hermz Laboratories Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees44
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/07/2022371371
At 30/06/2023371371
Depreciation
At 01/07/2022214214
For the year3939
At 30/06/2023253253
Net Book Amounts
At 30/06/2023118118
At 30/06/2022157157
4. STOCK 20232022
££
Stock comprises:
Stock59,15169,947
59,15169,947
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors33,00729,929
UK corporation tax14-
899-
PAYE control-182
Amazon Carried Balances44,05236,851
Prepayments4,262-
82,23466,962

Hermz Laboratories Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-1,441
Overseas VAT1,0171,131
VAT59,24440,717
Directors current account-1,516
Bank loans and overdrafts11,564-
Loans9,97310,092
Trade creditors111,618134,854
Amazon Reserved Balances9611,023
Pension schemes234245
194,611191,019
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr19,96229,815
19,96229,815
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Class 1 shares of £0.001 each11
11