Broadbandhub (UK) Limited 13308737 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is software development. Digita Accounts Production Advanced 6.30.9574.0 true 13308737 2023-05-01 2024-04-30 13308737 2024-04-30 13308737 core:CurrentFinancialInstruments 2024-04-30 13308737 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13308737 core:Non-currentFinancialInstruments 2024-04-30 13308737 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 13308737 bus:SmallEntities 2023-05-01 2024-04-30 13308737 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13308737 bus:FullAccounts 2023-05-01 2024-04-30 13308737 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13308737 bus:RegisteredOffice 2023-05-01 2024-04-30 13308737 bus:Director1 2023-05-01 2024-04-30 13308737 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13308737 countries:EnglandWales 2023-05-01 2024-04-30 13308737 2022-05-01 2023-04-30 13308737 2023-04-30 13308737 core:CurrentFinancialInstruments 2023-04-30 13308737 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13308737 core:Non-currentFinancialInstruments 2023-04-30 13308737 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13308737

Broadbandhub (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Broadbandhub (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Broadbandhub (UK) Limited

(Registration number: 13308737)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

144

-

Cash at bank and in hand

 

240

2,853

 

384

2,853

Creditors: Amounts falling due within one year

5

(317)

(911)

Total assets less current liabilities

 

67

1,942

Creditors: Amounts falling due after more than one year

5

(60,983)

(60,483)

Net liabilities

 

(60,916)

(58,541)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(60,918)

(58,543)

Shareholders' deficit

 

(60,916)

(58,541)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
Mr T D B Treacher
Director

 

Broadbandhub (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Great Portland Street
London
W1W 7LT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of software development services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Broadbandhub (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Debtors

2024
£

2023
£

Trade debtors

144

-

144

-

 

Broadbandhub (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

264

518

Taxation and social security

48

388

Other creditors

5

5

317

911

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

500

-

Other non-current financial liabilities

 

60,483

60,483

 

60,983

60,483

6

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

500

-

7

Related party transactions

Other transactions with directors

During the year the company made the following related party transactions:
The Hubbub Group Limited (a 50% shareholder of Broadbandhub (UK) Ltd) had a loan with the Company. At the balance sheet
date the amount owed to The Hubbub Group Limited was £35,499 (2023 : £35,499).
Hubory AB (a 50% shareholder of Broadbandhub (UK) Ltd) had a loan with the Company. At the balance sheet date the amount
owed to Hubbory AB was £24,984 (2023 : 24,984).