Company Registration No. 04891616 (England and Wales)
Hersheson Products Limited
Unaudited accounts
for the year ended 31 December 2024
Hersheson Products Limited
Unaudited accounts
Contents
Hersheson Products Limited
Company Information
for the year ended 31 December 2024
Directors
D Hersheson
R Hersheson
L Hersheson
Company Number
04891616 (England and Wales)
Registered Office
29 BERNERS STREET BERNERS STREET
LONDON
W1T 3LR
ENGLAND
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Hersheson Products Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,996
3,571
Inventories
286,114
137,938
Cash at bank and in hand
2,667
120,634
Creditors: amounts falling due within one year
(645,800)
(406,669)
Net current liabilities
(139,527)
(5,463)
Total assets less current liabilities
(136,531)
(1,892)
Creditors: amounts falling due after more than one year
-
(45,469)
Net liabilities
(136,531)
(47,361)
Called up share capital
150
150
Profit and loss account
(136,681)
(47,511)
Shareholders' funds
(136,531)
(47,361)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by
L Hersheson
Director
Company Registration No. 04891616
Hersheson Products Limited
Notes to the Accounts
for the year ended 31 December 2024
Hersheson Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04891616. The registered office is 29 BERNERS STREET BERNERS STREET, LONDON, W1T 3LR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is charged over 2 years on a straight line basis in respect of website development.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
As at the balance sheet date, the company had net current liabilities of £nil (2022: £3,696) and net liabilities of £32,279 (2022: £91,213). The directors have indicated their willingness to support the company financially for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements to not include an adjustments that would result from a withdrawal of their support.
Hersheson Products Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
42,550
At 31 December 2024
42,550
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
14,913
1,547
16,460
At 31 December 2024
15,321
1,547
16,868
At 1 January 2024
12,663
226
12,889
Charge for the year
596
387
983
At 31 December 2024
13,259
613
13,872
At 31 December 2024
2,062
934
2,996
At 31 December 2023
2,250
1,321
3,571
Amounts falling due within one year
Trade debtors
57,212
49,378
Accrued income and prepayments
9,264
6,101
Other debtors
151,016
87,155
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
45,469
45,048
Trade creditors
174,739
105,183
Taxes and social security
49,185
71,742
Other creditors
349,801
165,347
Hersheson Products Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Transactions with related parties
At the balance sheet date the following balances existed with companies under common control:
Within other debtors, £13,626 (2023: £13,626) was due from Hamsard 3469 Limited.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).