Company Registration No. 02640282 (England and Wales)
Hermolis & Co Limited
Unaudited accounts
for the year ended 31 December 2025
Hermolis & Co Limited
Unaudited accounts
Contents
Hermolis & Co Limited
Company Information
for the year ended 31 December 2025
Directors
B Kreditor
I M Kreditor
M Lisser
S R Lisser
Company Number
02640282 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Hermolis & Co Limited
Statement of financial position
as at 31 December 2025
Tangible assets
138,747
69,958
Inventories
406,561
408,183
Debtors
2,407,951
2,124,075
Cash at bank and in hand
18,882
451,911
Creditors: amounts falling due within one year
(1,777,919)
(1,986,167)
Net current assets
1,055,475
998,002
Total assets less current liabilities
1,194,222
1,067,960
Creditors: amounts falling due after more than one year
-
(3,334)
Provisions for liabilities
Deferred tax
(34,151)
(12,796)
Net assets
1,160,071
1,051,830
Called up share capital
10,000
10,000
Profit and loss account
1,150,071
1,041,830
Shareholders' funds
1,160,071
1,051,830
For the year ending 31 December 2025 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 10 September 2026 and were signed on its behalf by
I M Kreditor
Director
Company Registration No. 02640282
Hermolis & Co Limited
Notes to the Accounts
for the year ended 31 December 2025
Hermolis & Co Limited is a private company, limited by shares, registered in England and Wales, registration number 02640282. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
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.
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:
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Hermolis & Co Limited
Notes to the Accounts
for the year ended 31 December 2025
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 accounts. 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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2025
572,230
152,175
724,405
At 31 December 2025
656,435
152,175
808,610
At 1 January 2025
513,275
141,172
654,447
Charge for the year
14,316
1,100
15,416
At 31 December 2025
527,591
142,272
669,863
At 31 December 2025
128,844
9,903
138,747
At 31 December 2024
58,955
11,003
69,958
Finished goods
406,561
408,183
Amounts falling due within one year
Trade debtors
1,177,898
946,606
Other debtors
1,136,831
1,104,303
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,334
10,000
Trade creditors
1,590,859
1,555,194
Taxes and social security
78,043
63,100
Loans from directors
102,683
169,683
Hermolis & Co Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Transactions with related parties
Included within other creditors is an amount of £102,683 (2024: £169,683) due to the directors of the company.
10
Average number of employees
During the year the average number of employees was 99 (2024: 98).