31 October 2022 false No description of principal activity Taxfiler 2024.6 13673103business:PrivateLimitedCompanyLtd2022-10-312023-10-30 136731032022-10-30 136731032022-10-312023-10-30 13673103business:AuditExempt-NoAccountantsReport2022-10-312023-10-30 13673103business:FilletedAccounts2022-10-312023-10-30 136731032023-10-30 13673103business:Director12022-10-312023-10-30 13673103business:RegisteredOffice2022-10-312023-10-30 136731032022-10-30 13673103core:WithinOneYear2023-10-30 13673103core:WithinOneYear2022-10-30 13673103core:AfterOneYear2023-10-30 13673103core:AfterOneYear2022-10-30 13673103core:ShareCapitalcore:PreviouslyStatedAmount2023-10-30 13673103core:ShareCapitalcore:PreviouslyStatedAmount2022-10-30 13673103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-30 13673103core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-30 13673103core:PreviouslyStatedAmount2023-10-30 13673103core:PreviouslyStatedAmount2022-10-30 13673103business:SmallEntities2022-10-312023-10-30 13673103countries:EnglandWales2022-10-312023-10-30 13673103core:PlantMachinery2022-10-312023-10-30 13673103core:ComputerEquipment2022-10-312023-10-30 13673103core:PlantMachinery2022-10-30 13673103core:ComputerEquipment2022-10-30 13673103core:PlantMachinery2023-10-30 13673103core:ComputerEquipment2023-10-30 13673103core:AdditionsToInvestments2023-10-30 13673103business:OrdinaryShareClass12022-10-312023-10-30 13673103business:OrdinaryShareClass12021-10-312022-10-30 136731032021-10-312022-10-30 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
HD HUB LTD Company Information for the year ended 30 October 2023
Director
Adeel Mazhar
Company Number
13673103 (England and Wales)
Registered Office
UNIT 12.0.2B PENINSULA SQUARE THE O2 SE10 0DX ENGLAND
- 3 -
HD HUB LTD Statement of financial position as at 30 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
487,221 
262,652 
Investments
40,000 
- 
527,221 
262,652 
Current assets
Inventories
12,157 
- 
Debtors
- 
81,212 
Cash at bank and in hand
263,865 
73,247 
276,022 
154,459 
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)
Capital and reserves
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
- 4 -
HD HUB LTD Notes to the Accounts for the year ended 30 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 October 2023
486,709 
512 
487,221 
At 30 October 2022
262,652 
- 
262,652 
- 5 -
HD HUB LTD Notes to the Accounts for the year ended 30 October 2023
5
Investments
Other investments 
£ 
Valuation at 31 October 2022
- 
Additions
40,000 
Valuation at 30 October 2023
40,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
81,212 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
1,900 
VAT
13,136 
- 
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 
Accruals
97,046 
(1,000)
1,138,262 
570,078 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
137,764 
- 
9
Share capital
2023 
2022 
£ 
£ 
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).
- 6 -