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REGISTERED NUMBER: 05346928 (England and Wales)


Financial Statements for the Year Ended 28 February 2023

for

Herald St Ltd

Herald St Ltd (Registered number: 05346928)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Herald St Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A L'Ange
Mr N S Verber



REGISTERED OFFICE: 2 Herald Street
London
E2 6JT



REGISTERED NUMBER: 05346928 (England and Wales)



ACCOUNTANTS: S N & CO (Accountants)
119 Franckylyn Gardens
Edgware
Middx
HA8 8SB



BANKERS: Natwest Plc

Herald St Ltd (Registered number: 05346928)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,551 55,655

CURRENT ASSETS
Stocks 331,245 254,877
Debtors 5 258,971 146,829
Cash in hand 860,152 841,134
1,450,368 1,242,840
CREDITORS
Amounts falling due within one year 6 212,723 249,972
NET CURRENT ASSETS 1,237,645 992,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,294,196

1,048,523

CREDITORS
Amounts falling due after more than one
year

7

29,590

50,000
NET ASSETS 1,264,606 998,523

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 1,264,604 998,521
SHAREHOLDER FUNDS 1,264,606 998,523

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.

Herald St Ltd (Registered number: 05346928)

Statement of Financial Position - continued
28 February 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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mr A L'Ange - Director


Herald St Ltd (Registered number: 05346928)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Herald St 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 7 ) .

Herald St Ltd (Registered number: 05346928)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 March 2022 52,638 35,353 87,991
Additions - 3,949 3,949
At 28 February 2023 52,638 39,302 91,940
DEPRECIATION
At 1 March 2022 2,193 30,143 32,336
Charge for year - 3,053 3,053
At 28 February 2023 2,193 33,196 35,389
NET BOOK VALUE
At 28 February 2023 50,445 6,106 56,551
At 28 February 2022 50,445 5,210 55,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 258,971 146,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 119,921 52,236
Tax 63,189 58,803
Social security and other taxes 8,588 4,664
Other creditors 21,025 134,269
212,723 249,972

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 29,590 50,000

8. RESERVES
Retained
earnings
£   

At 1 March 2022 998,521
Profit for the year 270,083
Dividends (4,000 )
At 28 February 2023 1,264,604