Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31Online retailfalsefalse2022-04-010true0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09267408 2022-04-01 2023-03-31 09267408 2021-04-01 2022-03-31 09267408 2023-03-31 09267408 2022-03-31 09267408 c:Director1 2022-04-01 2023-03-31 09267408 d:CurrentFinancialInstruments 2023-03-31 09267408 d:CurrentFinancialInstruments 2022-03-31 09267408 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09267408 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09267408 d:ShareCapital 2023-03-31 09267408 d:ShareCapital 2022-03-31 09267408 d:RetainedEarningsAccumulatedLosses 2023-03-31 09267408 d:RetainedEarningsAccumulatedLosses 2022-03-31 09267408 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09267408 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 09267408 c:FRS102 2022-04-01 2023-03-31 09267408 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09267408 c:FullAccounts 2022-04-01 2023-03-31 09267408 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09267408 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09267408









DEMAND HUB UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
DEMAND HUB UK LIMITED
REGISTERED NUMBER: 09267408

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
1,500
2,000

Debtors: amounts falling due within one year
 4 
-
176

Cash at bank and in hand
 5 
2,056
1,894

  
3,556
4,070

Creditors: amounts falling due within one year
 6 
(8,183)
(4,000)

Net current (liabilities)/assets
  
 
 
(4,627)
 
 
70

Total assets less current liabilities
  
(4,627)
70

  

Net (liabilities)/assets
  
(4,627)
70


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,727)
(30)

  
(4,627)
70


Page 1

 
DEMAND HUB UK LIMITED
REGISTERED NUMBER: 09267408
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2024.




................................................
Oliver Eastham
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
DEMAND HUB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Demand Hub UK Limited is a private company, incorporated in England and Wales, limited by its share capital.  The principal activity of the Company throughout the year was that of an online retailer.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on an ongoing basis, with the support of the director pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
DEMAND HUB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
DEMAND HUB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 5

 
DEMAND HUB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Other debtors
-
176

-
176



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,056
1,894

2,056
1,894



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
8,183
4,000

8,183
4,000



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,056
1,894




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Controlling party

The Company is controlled by the director, Oliver Eastham, by virtue of his shareholding, as described in the Director's report.

 
Page 6