Company Registration No. 06284638 (England and Wales)
The Word Hub Limited
Unaudited accounts
for the year ended 30 June 2023
The Word Hub Limited
Unaudited accounts
Contents
The Word Hub Limited
Company Information
for the year ended 30 June 2023
Director
Mr Darren Verdi-Ashton
Company Number
06284638 (England and Wales)
Registered Office
INNOVATION CENTRE 1 DEVON WAY
LONGBRIDGE TECHNOLOGY PARK LONGBRIDGE
BIRMINGHAM
WEST MIDLANDS
B31 2TS
United Kingdom
Accountants
Michael Beech Accountancy
24 Meadowfield Road
Rubery
Birmingham
West Midlands
B45 9BZ
The Word Hub Limited
Accountants' report
Accountants' report to the director of The Word Hub Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Michael Beech Accountancy
24 Meadowfield Road
Rubery
Birmingham
West Midlands
B45 9BZ
9 February 2024
The Word Hub Limited
Statement of financial position
as at 30 June 2023
Tangible assets
4,532
4,749
Cash at bank and in hand
330,107
404,459
Creditors: amounts falling due within one year
(40,772)
(29,411)
Net current assets
312,113
382,033
Net assets
316,645
386,782
Called up share capital
100
100
Profit and loss account
316,545
386,682
Shareholders' funds
316,645
386,782
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 20 February 2024 and were signed on its behalf by
Mr Darren Verdi-Ashton
Director
Company Registration No. 06284638
The Word Hub Limited
Notes to the Accounts
for the year ended 30 June 2023
The Word Hub Limited is a private company, limited by shares, registered in England and Wales, registration number 06284638. The registered office is INNOVATION CENTRE 1 DEVON WAY, LONGBRIDGE TECHNOLOGY PARK LONGBRIDGE, BIRMINGHAM, WEST MIDLANDS, B31 2TS, United Kingdom.
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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
10,553
37,832
48,385
At 30 June 2023
10,553
39,715
50,268
At 1 July 2022
9,448
34,188
43,636
Charge for the year
276
1,824
2,100
At 30 June 2023
9,724
36,012
45,736
At 30 June 2023
829
3,703
4,532
At 30 June 2022
1,105
3,644
4,749
The Word Hub Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
12,778
6,985
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
27,484
16,966
Taxes and social security
1,700
4,390
Loans from directors
-
323
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).