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REGISTERED NUMBER: 10171677 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

HUGIS GEOSPATIAL LTD

HUGIS GEOSPATIAL LTD (REGISTERED NUMBER: 10171677)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HUGIS GEOSPATIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTOR: T D Hughes





REGISTERED OFFICE: 31 Upper Gardner Street
Brighton
East Sussex
BN1 4AN





REGISTERED NUMBER: 10171677 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

HUGIS GEOSPATIAL LTD (REGISTERED NUMBER: 10171677)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520 1,040

CURRENT ASSETS
Debtors 5 - 13
Cash at bank 38,802 36,298
38,802 36,311
CREDITORS
Amounts falling due within one year 6 10,848 11,452
NET CURRENT ASSETS 27,954 24,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,474

25,899

PROVISIONS FOR LIABILITIES 7 99 198
NET ASSETS 28,375 25,701

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,374 25,700
SHAREHOLDERS' FUNDS 28,375 25,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2022 and were signed by:





T D Hughes - Director


HUGIS GEOSPATIAL LTD (REGISTERED NUMBER: 10171677)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022


1. STATUTORY INFORMATION

HuGIS Geospatial Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents revenue recognised in the accounts excluding value added tax. Services are performed gradually over time so revenue is recognised as the company fulfils its contractual obligations and activity progresses by reference to the value of work performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence.

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

HUGIS GEOSPATIAL LTD (REGISTERED NUMBER: 10171677)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2021
and 31 May 2022 1,776
DEPRECIATION
At 1 June 2021 736
Charge for year 520
At 31 May 2022 1,256
NET BOOK VALUE
At 31 May 2022 520
At 31 May 2021 1,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 13

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 10,461 11,227
Other creditors 387 225
10,848 11,452

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 99 198

Deferred
tax
£   
Balance at 1 June 2021 198
Movement in year (99 )
Balance at 31 May 2022 99

8. ULTIMATE CONTROLLING PARTY

The company was under the control of T D Hughes, the director and shareholder of the company.