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REGISTERED NUMBER: 10159952 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

HEYHUB LTD

HEYHUB LTD (REGISTERED NUMBER: 10159952)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEYHUB LTD

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: G S Lengyel
R Makol





REGISTERED OFFICE: 55 Churchgate Street
Bury St Edmunds
Suffolk
IP33 1RH





REGISTERED NUMBER: 10159952 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HEYHUB LTD (REGISTERED NUMBER: 10159952)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 255 601

CURRENT ASSETS
Debtors 5 61,036 46,054
Cash at bank 2,354 137,204
63,390 183,258
CREDITORS
Amounts falling due within one year 6 (60,197 ) (45,334 )
NET CURRENT ASSETS 3,193 137,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,448

138,525

CREDITORS
Amounts falling due after more than one
year

7

(9,106

)

(13,706

)
NET (LIABILITIES)/ASSETS (5,658 ) 124,819

CAPITAL AND RESERVES
Called up share capital 8 127 127
Share premium 407,232 407,232
Retained earnings (413,017 ) (282,540 )
SHAREHOLDERS' FUNDS (5,658 ) 124,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HEYHUB LTD (REGISTERED NUMBER: 10159952)

BALANCE SHEET - continued
31 May 2023


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 28 March 2024 and were signed on its behalf by:





R Makol - Director


HEYHUB LTD (REGISTERED NUMBER: 10159952)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

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

The presentational 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 the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from sales of digital media is recognised at point of sale.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Government assistance
Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government is paying the first year of interest on the loan.

HEYHUB LTD (REGISTERED NUMBER: 10159952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company 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 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 4,150
DEPRECIATION
At 1 June 2022 3,549
Charge for year 346
At 31 May 2023 3,895
NET BOOK VALUE
At 31 May 2023 255
At 31 May 2022 601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 15,377
Other debtors 61,036 30,677
61,036 46,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 5,079 5,079
Trade creditors - 34,126
Taxation and social security 15,455 -
Other creditors 39,663 6,129
60,197 45,334

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 9,106 13,706

HEYHUB LTD (REGISTERED NUMBER: 10159952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2022 2021
£    £   
110,943 Ordinary £0.001143 127 127

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
G S Lengyel
Balance outstanding at start of year 346 (2,347 )
Amounts advanced 29,484 43,273
Amounts repaid (29,778 ) (40,580 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52 346