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Company Registration No. 11602781 (England and Wales)
Hims & Hers UK Limited Unaudited accounts for the year ended 31 December 2022
Hims & Hers UK Limited Unaudited accounts Contents
Page
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Hims & Hers UK Limited Company Information for the year ended 31 December 2022
Directors
Andrew Dudum Soleil Boughton Melissa Baird
Company Number
11602781 (England and Wales)
Registered Office
107 KIRKGATE LEEDS LS1 6DP ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Hims & Hers UK Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
404,220 
62,299 
Cash at bank and in hand
487,513 
130,020 
891,733 
192,319 
Creditors: amounts falling due within one year
(3,706,942)
(524,422)
Net current liabilities
(2,815,209)
(332,103)
Net liabilities
(2,815,209)
(332,103)
Capital and reserves
Called up share capital
258 
108 
Share premium
261,862 
29,992 
Profit and loss account
(3,077,329)
(362,203)
Shareholders' funds
(2,815,209)
(332,103)
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Andrew Dudum Director Company Registration No. 11602781
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Hims & Hers UK Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Hims & Hers UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11602781. The registered office is 107 KIRKGATE, LEEDS, LS1 6DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
233,052 
35,751 
Accrued income and prepayments
24,875 
- 
Other debtors
146,293 
26,548 
404,220 
62,299 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
785,089 
263,340 
Amounts owed to group undertakings and other participating interests
2,799,850 
231,870 
Taxes and social security
25,483 
14,066 
Other creditors
96,520 
15,146 
3,706,942 
524,422 
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Hims & Hers UK Limited Notes to the Accounts for the year ended 31 December 2022
6
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2,580,000 Ordinary shares of £0.0001 each
258 
108 
Shares issued during the period:
1,500,000 Ordinary shares of £0.0001 each
150 
7
Controlling party
Hims & Hers UK Limited is a wholly owned subsidiary of Hims, Inc, a company registered in the United States.
8
Average number of employees
During the year the average number of employees was 4 (2021: 3).
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