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Company No: 14053293 (England and Wales)

HIMS & BLEENZ LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

HIMS & BLEENZ LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

HIMS & BLEENZ LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
HIMS & BLEENZ LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 30.04.2024 30.04.2023
£ £
Fixed assets
Tangible assets 3 3,048 1,315
3,048 1,315
Current assets
Debtors 4 3,525 12,600
Cash at bank and in hand 4,927 20,238
8,452 32,838
Creditors: amounts falling due within one year 5 ( 2,962) ( 9,920)
Net current assets 5,490 22,918
Total assets less current liabilities 8,538 24,233
Net assets 8,538 24,233
Capital and reserves
Called-up share capital 100 100
Profit and loss account 8,438 24,133
Total shareholders' funds 8,538 24,233

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Hims & Bleenz Ltd (registered number: 14053293) were approved and authorised for issue by the Director. They were signed on its behalf by:

Laura Elizabeth Brewer
Director

25 October 2024

HIMS & BLEENZ LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
HIMS & BLEENZ LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Hims & Bleenz Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Station Road, Fakenham, NR21 0DX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Director has considered the Company’s position at the time of signing the financial statements and the current financial strength of the Company.

Based on this, the Director has concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Year ended
30.04.2024
Period from
19.04.2022 to
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 May 2023 1,337 1,337
Additions 2,194 2,194
At 30 April 2024 3,531 3,531
Accumulated depreciation
At 01 May 2023 22 22
Charge for the financial year 461 461
At 30 April 2024 483 483
Net book value
At 30 April 2024 3,048 3,048
At 30 April 2023 1,315 1,315

4. Debtors

30.04.2024 30.04.2023
£ £
Trade debtors 0 12,500
Corporation tax 3,425 0
Other debtors 100 100
3,525 12,600

5. Creditors: amounts falling due within one year

30.04.2024 30.04.2023
£ £
Amounts owed to director 313 313
Accruals 2,070 1,690
Deferred tax liability 579 250
Other taxation and social security 0 7,667
2,962 9,920

6. Deferred tax

30.04.2024 30.04.2023
£ £
At the beginning of financial year/period ( 250) 0
Charged to the Statement of Income and Retained Earnings ( 329) ( 250)
At the end of financial year/period ( 579) ( 250)