Herman Maher Limited 12747804 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is online retail of clothing and footwear Digita Accounts Production Advanced 6.30.9574.0 true true 12747804 2022-08-01 2023-07-31 12747804 2023-07-31 12747804 core:CurrentFinancialInstruments 2023-07-31 12747804 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12747804 core:FurnitureFittingsToolsEquipment 2023-07-31 12747804 bus:SmallEntities 2022-08-01 2023-07-31 12747804 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12747804 bus:FullAccounts 2022-08-01 2023-07-31 12747804 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12747804 bus:RegisteredOffice 2022-08-01 2023-07-31 12747804 bus:Director1 2022-08-01 2023-07-31 12747804 bus:Director2 2022-08-01 2023-07-31 12747804 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12747804 core:ComputerEquipment 2022-08-01 2023-07-31 12747804 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 12747804 countries:UnitedKingdom 2022-08-01 2023-07-31 12747804 2022-07-31 12747804 core:FurnitureFittingsToolsEquipment 2022-07-31 12747804 2021-08-01 2022-07-31 12747804 2022-07-31 12747804 core:CurrentFinancialInstruments 2022-07-31 12747804 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12747804 core:FurnitureFittingsToolsEquipment 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12747804

Herman Maher Limited

trading as Past Down Vintage

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Herman Maher Limited

trading as Past Down Vintage

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Herman Maher Limited

trading as Past Down Vintage

(Registration number: 12747804)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

333

Current assets

 

Stocks

6

18,000

23,963

Debtors

7

935

935

Cash at bank and in hand

 

17,016

14,506

 

35,951

39,404

Creditors: Amounts falling due within one year

8

(35,575)

(39,378)

Net current assets

 

376

26

Net assets

 

376

359

Capital and reserves

 

Called up share capital

2

2

Retained earnings

374

357

Shareholders' funds

 

376

359

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 August 2023 and signed on its behalf by:
 

Mr B T Maher
Director

Mr L F Herman
Director

 
     
 

Herman Maher Limited

trading as Past Down Vintage

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 29 August 2023.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Herman Maher Limited

trading as Past Down Vintage

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

334

333

 

Herman Maher Limited

trading as Past Down Vintage

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

1,000

1,000

At 31 July 2023

1,000

1,000

Depreciation

At 1 August 2022

667

667

Charge for the year

333

333

At 31 July 2023

1,000

1,000

Carrying amount

At 31 July 2023

-

-

At 31 July 2022

333

333

6

Stocks

2023
£

2022
£

Other inventories

18,000

23,963

7

Debtors

Current

2023
£

2022
£

Other debtors

935

935

 

935

935

 

Herman Maher Limited

trading as Past Down Vintage

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

26,738

33,002

Trade creditors

 

45

-

Taxation and social security

 

7,292

4,876

Accruals and deferred income

 

1,500

1,500

 

35,575

39,378

9

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

9,146

14,261

Other borrowings

17,592

18,741

26,738

33,002