Acorah Software Products - Accounts Production 12.4.009 false 1 February 2021 28 February 2022 28 February 2022 13169056 Mr Sajed Hussain Mr Mohammad Ramzan Mr MOHAMMAD Adrees iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13169056 2021-01-31 13169056 2022-02-28 13169056 2021-02-01 2022-02-28 13169056 frs-core:CurrentFinancialInstruments 2022-02-28 13169056 frs-core:CurrentFinancialInstruments 2021-02-01 2022-02-28 13169056 frs-core:Non-currentFinancialInstruments 2022-02-28 13169056 frs-core:Non-currentFinancialInstruments 2021-02-01 2022-02-28 13169056 frs-core:CurrentFinancialInstruments 2021-02-01 2022-02-28 13169056 frs-core:CurrentFinancialInstruments 2022-02-28 13169056 frs-core:AfterOneYear 2021-02-01 2022-02-28 13169056 frs-core:BetweenOneFiveYears 2021-02-01 2022-02-28 13169056 frs-core:BetweenOneFiveYears 2022-02-28 13169056 frs-core:ComputerEquipment 2022-02-28 13169056 frs-core:ComputerEquipment 2021-02-01 2022-02-28 13169056 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2022-02-28 13169056 1 2021-02-01 2022-02-28 13169056 frs-countries:EnglandWales 2021-02-01 2022-02-28
Registered number: 13169056
Sugar Hub Ltd
Unaudited Financial Statements
For the Period 1 February 2021 to 28 February 2022
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13169056
28 February 2022
Notes £ £
FIXED ASSETS
Tangible Assets 3 10,234
10,234
CURRENT ASSETS
Stocks 4 775
Cash at bank and in hand 357
1,132
Creditors: Amounts Falling Due Within One Year 5 (15,995 )
NET CURRENT ASSETS (LIABILITIES) (14,863 )
TOTAL ASSETS LESS CURRENT LIABILITIES (4,629 )
NET LIABILITIES (4,629 )
CAPITAL AND RESERVES
Called up share capital 6 3
Profit and Loss Account (4,632 )
SHAREHOLDERS' FUNDS (4,629)
Page 1
Page 2
For the period ending 28 February 2022 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sajed Hussain
Director
07/09/2022
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2021 -
Additions 12,793
As at 28 February 2022 12,793
Depreciation
As at 1 February 2021 -
Provided during the period 2,559
As at 28 February 2022 2,559
Net Book Value
As at 28 February 2022 10,234
As at 1 February 2021 -
Page 3
Page 4
4. Stocks
28 February 2022
£
Stock - materials 775
775
5. Creditors: Amounts Falling Due Within One Year
28 February 2022
£
Other taxes and social security 412
Other creditors 720
Directors' loan accounts 14,863
15,995
6. Share Capital
28 February 2022
Allotted, Called up and fully paid 3
7. General Information
Sugar Hub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13169056 . The registered office is 36F Rookery Road, Handsworth, Birmingham, West Midlands, B21 9NB.
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