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Registered Number: SC700406
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 June 2024

for

HERBAL DERMALS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 2,835    3,150 
2,835    3,150 
 
Current assets
Debtors 3 472,055    275,932 
Cash at bank and in hand 421,675    322,929 
893,730    598,861 
Creditors: amount falling due within one year 4 (292)   (89,714)
Net current assets 893,438    509,147 
 
Total assets less current liabilities 896,273    512,297 
Net assets 896,273    512,297 
 

Capital and reserves
Called up share capital 1    1 
Profit and loss account 5 896,272    512,296 
Shareholders fund 896,273    512,297 
 
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Mustafa Hassan Arif
Director

Date approved: 31 July 2024
1
Statutory Information
HERBAL DERMALS LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC700406, registration address 7 Craigend Court, Glasgow, G13 2US, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings10% Reducing Balance
Computer Equipment10% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2023 493    3,007    3,500 
Additions    
Disposals    
At 30 June 2024 493    3,007    3,500 
Depreciation
At 01 July 2023 49    301    350 
Charge for year 45    270    315 
On disposals    
At 30 June 2024 94    571    665 
Net book values
Closing balance as at 30 June 2024 399    2,436    2,835 
Opening balance as at 01 July 2023 444    2,706    3,150 

3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other debtors S455 87,583   
Prepayments   1,224 
Directors' current accounts 114,638    259,506 
Directors' current accounts - balance b/fwd 259,506   
Vat 10,328    15,202 
472,055    275,932 
4.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation tax   89,421 
Social security & other tax 292    293 
292    89,714 
5.

Profit and loss account

  2024
£
Balance at 01 July 2023 512,296 
Profit for the year 452,884 
Equity dividend paid (68,908)
Balance at 30 June 2024 896,272 

6.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2