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REGISTERED NUMBER: 04371301 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

HUBLE DIGITAL LIMITED

HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HUBLE DIGITAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTORS: R J Dearsley
V J Dearsley
M Creswick
J Gamble
K Giannoukaris
R J Harris
M A Norton
J Packer





REGISTERED OFFICE: 30 Stamford Street
London
SE1 9LQ





REGISTERED NUMBER: 04371301 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)

STATEMENT OF FINANCIAL POSITION
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,593 -
Tangible assets 5 19,557 5,897
28,150 5,897

CURRENT ASSETS
Stocks - 8,000
Debtors 6 1,871,853 962,518
Cash at bank 118,929 306,410
1,990,782 1,276,928
CREDITORS
Amounts falling due within one year 7 1,104,215 646,728
NET CURRENT ASSETS 886,567 630,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

914,717

636,097

CREDITORS
Amounts falling due after more than one
year

8

190,222

322,533
NET ASSETS 724,495 313,564

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 724,494 313,563
SHAREHOLDERS' FUNDS 724,495 313,564

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 Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by:





R J Dearsley - Director


HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Huble Digital Limited 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for marketing services rendered, net of discounts and Value Added Tax.

Invoices are generated in line with the work agreement terms which can be in advance of work being completed. Where work has been invoiced but not yet performed, deferred revenue is accounted for within the financial statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website cost is being amortised evenly over its estimated useful life 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Stock comprises work in progress which is shown at cost plus an element for attributable overheads. Where net realisable value is lower than the deemed cost the work in progress is reduced to the lower figure.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

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 statement of financial position date.


HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2021 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 8,593
At 31 March 2022 8,593
NET BOOK VALUE
At 31 March 2022 8,593

HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 20,593
Additions 19,378
At 31 March 2022 39,971
DEPRECIATION
At 1 April 2021 14,696
Charge for year 5,718
At 31 March 2022 20,414
NET BOOK VALUE
At 31 March 2022 19,557
At 31 March 2021 5,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 718,483 483,727
Amounts owed by group undertakings 804,508 388,985
Other debtors 348,862 89,806
1,871,853 962,518

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 135,720 27,467
Trade creditors 267,316 81,213
Amounts owed to group undertakings 34,732 27,603
Taxation and social security 268,860 142,281
Other creditors & accruals 397,587 368,164
1,104,215 646,728

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 190,222 322,533

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.22 31.3.21
£    £   
Within one year 4,160 -

HUBLE DIGITAL LIMITED (REGISTERED NUMBER: 04371301)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 Ordinary £1 1 1

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

12. ULTIMATE CONTROLLING PARTY

The ultimate holding company is Huble Digital Group Limited, a company incorporated in England & Wales. The ultimate controlling party is R Dearsley.