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REGISTERED NUMBER: 09530455 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Hercules Watch Co Ltd

Hercules Watch Co Ltd (Registered number: 09530455)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hercules Watch Co Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Vinod K Baid





REGISTERED OFFICE: 29-30 Frith Street
London
W1D 5LG





REGISTERED NUMBER: 09530455 (England and Wales)





ACCOUNTANTS: WONG LANGE & CO.
Chartered Certified & Management Accountants
29-30 Frith Street
London
W1D 5LG

Hercules Watch Co Ltd (Registered number: 09530455)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 592 697

CURRENT ASSETS
Stocks 133,095 111,795
Debtors 5 107 -
Cash at bank and in hand 100 24,749
133,302 136,544
CREDITORS
Amounts falling due within one year 6 97,395 97,376
NET CURRENT ASSETS 35,907 39,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,499

39,865

CREDITORS
Amounts falling due after more than one
year

7

16,877

19,259
NET ASSETS 19,622 20,606

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,522 20,506
SHAREHOLDERS' FUNDS 19,622 20,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hercules Watch Co Ltd (Registered number: 09530455)

Balance Sheet - continued
30 April 2023


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 and authorised for issue on 3 November 2023 and were signed by:





Vinod K Baid - Director


Hercules Watch Co Ltd (Registered number: 09530455)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Hercules Watch Co Ltd 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Hercules Watch Co Ltd (Registered number: 09530455)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 1,295
DEPRECIATION
At 1 May 2022 598
Charge for year 105
At 30 April 2023 703
NET BOOK VALUE
At 30 April 2023 592
At 30 April 2022 697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 107 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 2,384 -
Taxation and social security (200 ) 4,292
Other creditors 95,211 93,084
97,395 97,376

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 16,877 19,259

Hercules Watch Co Ltd (Registered number: 09530455)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. RELATED PARTY DISCLOSURES

Related Party Transactions
the company has transactions with related parties in the ordinary course of business during the year.
2023 2022
Associates:
Iconic Time London Ltd
Fees charged to associates £0.00 £5,000.00
Iconic Time Limited
Fees charged to associates £25,895.00 £15,800.00
Associate:
Iconic Time London Ltd
The director, Vinod Kumar Baid, has a 100% investment in Iconic Time London Ltd. Areas of opportunity for
cooperation have been identified and work continues to be pursued. The professional services between related
parties are made at normal market prices and outstanding balances are unsecured and interest free.

Iconic Time Limited
The director, Vinod Kumar Baid, has a 100% investment in Iconic Time Limited. Areas of opportunity for
cooperation have been identified and work continues to be pursued. The professional services between related
parties are made at normal market prices and outstanding balances are unsecured and interest free.

9. GOING CONCERN

The account has been drawn up on a going concern basis and the director has confirmed that he has enough funds available to inject into the company should it be necessary to the company in order that all other creditors are paid when the liabilities fall due.