Company Registration No. 13673103 (England and Wales)
HD HUB LTD
Unaudited accounts
for the year ended 30 October 2023
HD HUB LTD
Unaudited accounts
Contents
HD HUB LTD
Company Information
for the year ended 30 October 2023
Company Number
13673103 (England and Wales)
Registered Office
UNIT 12.0.2B PENINSULA SQUARE
THE O2
SE10 0DX
ENGLAND
HD HUB LTD
Statement of financial position
as at 30 October 2023
Tangible assets
487,221
262,652
Cash at bank and in hand
263,865
73,247
Creditors: amounts falling due within one year
(1,138,262)
(570,078)
Net current liabilities
(862,240)
(415,619)
Total assets less current liabilities
(335,019)
(152,967)
Creditors: amounts falling due after more than one year
(137,764)
-
Net liabilities
(472,783)
(152,967)
Called up share capital
1
1
Profit and loss account
(472,784)
(152,968)
Shareholders' funds
(472,783)
(152,967)
For the year ending 30 October 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 30 October 2024 and were signed on its behalf by
Adeel Mazhar
Director
Company Registration No. 13673103
HD HUB LTD
Notes to the Accounts
for the year ended 30 October 2023
HD HUB LTD is a private company, limited by shares, registered in England and Wales, registration number 13673103. The registered office is UNIT 12.0.2B PENINSULA SQUARE, THE O2, SE10 0DX, ENGLAND.
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.
These financial statements for the year ended 30 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 October 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
Depreciated on Streight line method for 5 Years
Computer equipment
Depreciated on Streight line method for 5 Years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 October 2022
273,001
-
273,001
Additions
287,877
615
288,492
At 30 October 2023
560,878
615
561,493
At 31 October 2022
10,349
-
10,349
Charge for the year
63,820
103
63,923
At 30 October 2023
74,169
103
74,272
At 30 October 2023
486,709
512
487,221
At 30 October 2022
262,652
-
262,652
HD HUB LTD
Notes to the Accounts
for the year ended 30 October 2023
5
Investments
Other investments
Valuation at 31 October 2022
-
Valuation at 30 October 2023
40,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
1,900
Obligations under finance leases and hire purchase contracts
98,248
-
Trade creditors
233,038
103,158
Taxes and social security
14,174
-
Other creditors
22,277
366
Loans from directors
660,343
465,654
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
137,764
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 20 (2022: 1).