1 Health Hub Limited 13121482 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Technical testing and analysis Digita Accounts Production Advanced 6.30.9574.0 true true 13121482 2023-02-01 2024-01-31 13121482 2024-01-31 13121482 core:CurrentFinancialInstruments 2024-01-31 13121482 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13121482 core:FurnitureFittingsToolsEquipment 2024-01-31 13121482 bus:SmallEntities 2023-02-01 2024-01-31 13121482 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13121482 bus:AbridgedAccounts 2023-02-01 2024-01-31 13121482 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13121482 bus:RegisteredOffice 2023-02-01 2024-01-31 13121482 bus:CompanySecretaryDirector1 2023-02-01 2024-01-31 13121482 bus:Director2 2023-02-01 2024-01-31 13121482 bus:Director3 2023-02-01 2024-01-31 13121482 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13121482 core:ComputerSoftware 2023-02-01 2024-01-31 13121482 core:ComputerEquipment 2023-02-01 2024-01-31 13121482 core:FurnitureFittings 2023-02-01 2024-01-31 13121482 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 13121482 countries:EnglandWales 2023-02-01 2024-01-31 13121482 2023-01-31 13121482 core:FurnitureFittingsToolsEquipment 2023-01-31 13121482 2022-02-01 2023-01-31 13121482 2023-01-31 13121482 core:CurrentFinancialInstruments 2023-01-31 13121482 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13121482 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13121482

1 Health Hub Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

1 Health Hub Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 10

 

1 Health Hub Limited

Company Information

Directors

J A Roan

M J Richardson

D M Christie

Company secretary

D M Christie

Registered office

10 Cheyne Walk
Northamptonshire
England
NN1 5PT

Accountants

10. Chartered Accountants
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

 

1 Health Hub Limited

(Registration number: 13121482)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

36,048

40,971

Tangible assets

6

3,261

6,130

 

39,309

47,101

Current assets

 

Stocks

7

-

47,003

Debtors

89,998

116,122

Cash at bank and in hand

 

6,196

5,749

 

96,194

168,874

Prepayments and accrued income

 

5,000

5,762

Creditors: Amounts falling due within one year

(110,999)

(188,474)

Net current liabilities

 

(9,805)

(13,838)

Total assets less current liabilities

 

29,504

33,263

Accruals and deferred income

 

(2,426)

(1,834)

Net assets

 

27,078

31,429

Capital and reserves

 

Called up share capital

100

100

Retained earnings

26,978

31,329

Shareholders' funds

 

27,078

31,429

For the financial year ending 31 January 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 and the option to not file the profit and loss account has been taken.

 

1 Health Hub Limited

(Registration number: 13121482)
Abridged Balance Sheet as at 31 January 2024

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
D M Christie
Company secretary and director

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 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:
10 Cheyne Walk
Northamptonshire
England
NN1 5PT
England

These financial statements were authorised for issue by the Board on 30 October 2024.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Furniture and fittings

25% straight line basis

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Internally generated software

10 years

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

2024
£

2023
£

Depreciation expense

2,868

2,914

Amortisation expense

4,924

4,904

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

5

Intangible assets

Total
£

Cost or valuation

At 1 February 2023

49,234

At 31 January 2024

49,234

Amortisation

At 1 February 2023

8,263

Amortisation charge

4,923

At 31 January 2024

13,186

Carrying amount

At 31 January 2024

36,048

At 31 January 2023

40,971

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

11,473

11,473

At 31 January 2024

11,473

11,473

Depreciation

At 1 February 2023

5,343

5,343

Charge for the year

2,869

2,869

At 31 January 2024

8,212

8,212

Carrying amount

At 31 January 2024

3,261

3,261

At 31 January 2023

6,130

6,130

 

1 Health Hub Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

7

Stocks

2024
£

2023
£

Other inventories

-

47,003