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REGISTERED NUMBER: 11827541 (England and Wales)










HUB.SON CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,949 90,634
Tangible assets 5 95,450 43,265
172,399 133,899

CURRENT ASSETS
Stocks 195,000 190,000
Debtors 6 1,656,125 2,105,450
Cash at bank 455,661 394,602
2,306,786 2,690,052
CREDITORS
Amounts falling due within one year 7 1,990,821 2,377,305
NET CURRENT ASSETS 315,965 312,747
TOTAL ASSETS LESS CURRENT LIABILITIES 488,364 446,646

CREDITORS
Amounts falling due after more than one year 8 14,167 24,167
NET ASSETS 474,197 422,479

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 474,097 422,379
SHAREHOLDERS' FUNDS 474,197 422,479

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 8th February 2024 and were signed on its behalf by:




C M Hudson - Director



H V Hudson - Director


HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Hub.son Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11827541

Registered office: Textile House
Unit 1, Holly Park Mills
Woodhall Road
Calverley
LS28 5QS

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 136,840
AMORTISATION
At 1st January 2023 46,206
Charge for year 13,685
At 31st December 2023 59,891
NET BOOK VALUE
At 31st December 2023 76,949
At 31st December 2022 90,634

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 86,136
Additions 76,928
At 31st December 2023 163,064
DEPRECIATION
At 1st January 2023 42,871
Charge for year 24,743
At 31st December 2023 67,614
NET BOOK VALUE
At 31st December 2023 95,450
At 31st December 2022 43,265

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,221,033 1,539,534
Other debtors 435,092 565,916
1,656,125 2,105,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,166,877 1,321,421
Taxation and social security 311,329 254,146
Other creditors 502,615 791,738
1,990,821 2,377,305

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 114,685 104,880
Between one and five years 125,548 198,657
240,233 303,537

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary Shares £1 100 100

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

The Report of the Auditors was unqualified.

Stuart Adam (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

12. CONTINGENT LIABILITIES

On 1st July 2019 the company entered into an agreement with Ecapital Commercial Finance (North) Ltd. Ecapital Commercial Finance (North) Ltd holds a fixed and floating charge over the assets of the company.