Hudson Barlow Ltd
Company Registration No. 12261604 (England And Wales)
Unaudited Financial Statements
Year Ended 30 October 2023
HUDSON BARLOW LTD
Hudson Barlow Ltd
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HUDSON BARLOW LTD
Hudson Barlow Ltd
BALANCE SHEET
AS AT
30 OCTOBER 2023
30 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
104
122
Current assets
Debtors
4
8,111
20,635
Cash at bank and in hand
93
-
0
8,204
20,635
Creditors: amounts falling due within one year
5
(19,332)
(18,270)
Net current (liabilities)/assets
(11,128)
2,365
Total assets less current liabilities
(11,024)
2,487
Creditors: amounts falling due after more than one year
6
(1,677)
(5,211)
Provisions for liabilities
(26)
(122)
Net liabilities
(12,727)
(2,846)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(12,728)
(2,847)
Total equity
(12,727)
(2,846)
HUDSON BARLOW LTD
Hudson Barlow Ltd
BALANCE SHEET (CONTINUED)
AS AT
30 OCTOBER 2023
30 October 2023
- 2 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 October 2024
Mr M Barlow
Director
Company registration number 12261604 (England and Wales)
HUDSON BARLOW LTD
Hudson Barlow Ltd
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

Hudson Barlow Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Sheldon Street, Covent Garden, London, United Kingdom, WC2H 9JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as although the company has net liabilities the director confirms that they will support the business if required to meet its obligations. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% on reducing balance
Computers
33% on cost
HUDSON BARLOW LTD
Hudson Barlow Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
HUDSON BARLOW LTD
Hudson Barlow Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 31 October 2022 and 30 October 2023
198
1,012
1,210
Depreciation and impairment
At 31 October 2022
76
1,012
1,088
Depreciation charged in the year
18
-
0
18
At 30 October 2023
94
1,012
1,106
Carrying amount
At 30 October 2023
104
-
0
104
At 30 October 2022
122
-
0
122
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,336
-
0
Other debtors
4,741
18,787
Prepayments and accrued income
1,034
1,848
8,111
20,635
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,813
3,019
Trade creditors
1,773
1,578
Corporation tax
12,113
12,113
Other creditors
1,212
109
Accruals and deferred income
1,421
1,451
19,332
18,270
HUDSON BARLOW LTD
Hudson Barlow Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 OCTOBER 2023
- 6 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,677
5,211
7
Related party transactions

During the year the Company advanced the Director £384 and was repaid £14,774. At 31 October 2023 the Company owed £344 to the Director. No interest has been charged to the Director in respect of this loan which is repayable on demand and classified in Creditors due within one year.

 

During the previous year the Company advanced the Director £26,518 and was repaid £7,879. At 31 October 2022 the Director owed £14,046 to the Company. No interest was charged to the Company in respect of this loan which was repayable on demand and classified in Debtors due within one year.

2023-10-302022-10-31false29 October 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr M Barlowfalsefalse122616042022-10-312023-10-30122616042023-10-30122616042022-10-3012261604core:FurnitureFittings2023-10-3012261604core:ComputerEquipment2023-10-3012261604core:FurnitureFittings2022-10-3012261604core:ComputerEquipment2022-10-3012261604core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3012261604core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3012261604core:Non-currentFinancialInstrumentscore:AfterOneYear2023-10-3012261604core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3012261604core:CurrentFinancialInstruments2023-10-3012261604core:CurrentFinancialInstruments2022-10-3012261604core:ShareCapital2023-10-3012261604core:ShareCapital2022-10-3012261604core:RetainedEarningsAccumulatedLosses2023-10-3012261604core:RetainedEarningsAccumulatedLosses2022-10-3012261604bus:Director12022-10-312023-10-3012261604core:FurnitureFittings2022-10-312023-10-3012261604core:ComputerEquipment2022-10-312023-10-30122616042021-11-012022-10-3012261604core:FurnitureFittings2022-10-3012261604core:ComputerEquipment2022-10-30122616042022-10-3012261604core:Non-currentFinancialInstruments2023-10-3012261604core:Non-currentFinancialInstruments2022-10-3012261604bus:PrivateLimitedCompanyLtd2022-10-312023-10-3012261604bus:SmallCompaniesRegimeForAccounts2022-10-312023-10-3012261604bus:FRS1022022-10-312023-10-3012261604bus:AuditExemptWithAccountantsReport2022-10-312023-10-3012261604bus:FullAccounts2022-10-312023-10-30xbrli:purexbrli:sharesiso4217:GBP