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REGISTERED NUMBER: 12474833 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

HIERBA LIMITED

HIERBA LIMITED (REGISTERED NUMBER: 12474833)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Balance sheet 1

Notes to the financial statements 2


HIERBA LIMITED (REGISTERED NUMBER: 12474833)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,322 21,972

Current assets
Debtors 5 - 887
Cash at bank 110,190 103,678
110,190 104,565
Creditors
Amounts falling due within one year 6 8,835 18,675
Net current assets 101,355 85,890
Total assets less current liabilities 119,677 107,862

Provisions for liabilities 7 3,481 4,175
Net assets 116,196 103,687

Capital and reserves
Called up share capital 8 100 100
Retained earnings 116,096 103,587
Shareholders' funds 116,196 103,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mr N J Collins - Director


HIERBA LIMITED (REGISTERED NUMBER: 12474833)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

Hierba Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12474833. The registered office is 7-8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 14 Parkgate Gardens, London, SW14 8BQ.

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 represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 2 ) .

HIERBA LIMITED (REGISTERED NUMBER: 12474833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 March 2022 30,969 7,300 38,269
Additions - 2,457 2,457
At 28 February 2023 30,969 9,757 40,726
Depreciation
At 1 March 2022 13,549 2,748 16,297
Charge for year 4,355 1,752 6,107
At 28 February 2023 17,904 4,500 22,404
Net book value
At 28 February 2023 13,065 5,257 18,322
At 28 February 2022 17,420 4,552 21,972

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' current accounts - 887

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 4,394 17,043
Directors' current accounts 2,727 -
Accruals and deferred income 1,714 1,632
8,835 18,675

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 3,481 4,175

Deferred
tax
£   
Balance at 1 March 2022 4,175
Credit to Income statement during year (694 )
Balance at 28 February 2023 3,481

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

HIERBA LIMITED (REGISTERED NUMBER: 12474833)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr N J Collins and Mrs L M Collins
Balance outstanding at start of year 887 -
Amounts advanced - 27,802
Amounts repaid (887 ) (26,915 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 887

At the balance sheet date the Directors owed the company £nil (2022: £887).

10. Ultimate controlling party

The Company is under the control of the Directors.