2023-02-012024-01-312024-01-31false09997882HUB DEMOLITION SERVICES LTD2024-10-3143110iso4217:GBPxbrli:pure099978822023-02-01099978822024-01-31099978822023-02-012024-01-31099978822022-02-01099978822023-01-31099978822022-02-012023-01-3109997882bus:SmallEntities2023-02-012024-01-3109997882bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109997882bus:FullAccounts2023-02-012024-01-3109997882bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109997882core:WithinOneYear2024-01-3109997882core:AfterOneYear2024-01-3109997882core:WithinOneYear2023-01-3109997882core:AfterOneYear2023-01-3109997882core:ShareCapital2024-01-3109997882core:SharePremium2024-01-3109997882core:RevaluationReserve2024-01-3109997882core:OtherReservesSubtotal2024-01-3109997882core:RetainedEarningsAccumulatedLosses2024-01-3109997882core:ShareCapital2023-01-3109997882core:SharePremium2023-01-3109997882core:RevaluationReserve2023-01-3109997882core:OtherReservesSubtotal2023-01-3109997882core:RetainedEarningsAccumulatedLosses2023-01-3109997882core:LandBuildings2024-01-3109997882core:PlantMachinery2024-01-3109997882core:Vehicles2024-01-3109997882core:FurnitureFittings2024-01-3109997882core:OfficeEquipment2024-01-3109997882core:NetGoodwill2024-01-3109997882core:IntangibleAssetsOtherThanGoodwill2024-01-3109997882core:ListedExchangeTraded2024-01-3109997882core:UnlistedNon-exchangeTraded2024-01-3109997882core:LandBuildings2023-01-3109997882core:PlantMachinery2023-01-3109997882core:Vehicles2023-01-3109997882core:FurnitureFittings2023-01-3109997882core:OfficeEquipment2023-01-3109997882core:NetGoodwill2023-01-3109997882core:IntangibleAssetsOtherThanGoodwill2023-01-3109997882core:ListedExchangeTraded2023-01-3109997882core:UnlistedNon-exchangeTraded2023-01-3109997882core:LandBuildings2023-02-012024-01-3109997882core:PlantMachinery2023-02-012024-01-3109997882core:Vehicles2023-02-012024-01-3109997882core:FurnitureFittings2023-02-012024-01-3109997882core:OfficeEquipment2023-02-012024-01-3109997882core:NetGoodwill2023-02-012024-01-3109997882core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109997882core:ListedExchangeTraded2023-02-012024-01-3109997882core:UnlistedNon-exchangeTraded2023-02-012024-01-3109997882core:MoreThanFiveYears2023-02-012024-01-3109997882core:Non-currentFinancialInstruments2024-01-3109997882core:Non-currentFinancialInstruments2023-01-3109997882dpl:CostSales2023-02-012024-01-3109997882dpl:DistributionCosts2023-02-012024-01-3109997882core:LandBuildings2023-02-012024-01-3109997882core:PlantMachinery2023-02-012024-01-3109997882core:Vehicles2023-02-012024-01-3109997882core:FurnitureFittings2023-02-012024-01-3109997882core:OfficeEquipment2023-02-012024-01-3109997882dpl:AdministrativeExpenses2023-02-012024-01-3109997882core:NetGoodwill2023-02-012024-01-3109997882core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109997882dpl:GroupUndertakings2023-02-012024-01-3109997882dpl:ParticipatingInterests2023-02-012024-01-3109997882dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109997882core:ListedExchangeTraded2023-02-012024-01-3109997882dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109997882core:UnlistedNon-exchangeTraded2023-02-012024-01-3109997882dpl:CostSales2022-02-012023-01-3109997882dpl:DistributionCosts2022-02-012023-01-3109997882core:LandBuildings2022-02-012023-01-3109997882core:PlantMachinery2022-02-012023-01-3109997882core:Vehicles2022-02-012023-01-3109997882core:FurnitureFittings2022-02-012023-01-3109997882core:OfficeEquipment2022-02-012023-01-3109997882dpl:AdministrativeExpenses2022-02-012023-01-3109997882core:NetGoodwill2022-02-012023-01-3109997882core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109997882dpl:GroupUndertakings2022-02-012023-01-3109997882dpl:ParticipatingInterests2022-02-012023-01-3109997882dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109997882core:ListedExchangeTraded2022-02-012023-01-3109997882dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109997882core:UnlistedNon-exchangeTraded2022-02-012023-01-3109997882core:NetGoodwill2024-01-3109997882core:IntangibleAssetsOtherThanGoodwill2024-01-3109997882core:LandBuildings2024-01-3109997882core:PlantMachinery2024-01-3109997882core:Vehicles2024-01-3109997882core:FurnitureFittings2024-01-3109997882core:OfficeEquipment2024-01-3109997882core:AfterOneYear2024-01-3109997882core:WithinOneYear2024-01-3109997882core:ListedExchangeTraded2024-01-3109997882core:UnlistedNon-exchangeTraded2024-01-3109997882core:ShareCapital2024-01-3109997882core:SharePremium2024-01-3109997882core:RevaluationReserve2024-01-3109997882core:OtherReservesSubtotal2024-01-3109997882core:RetainedEarningsAccumulatedLosses2024-01-3109997882core:NetGoodwill2023-01-3109997882core:IntangibleAssetsOtherThanGoodwill2023-01-3109997882core:LandBuildings2023-01-3109997882core:PlantMachinery2023-01-3109997882core:Vehicles2023-01-3109997882core:FurnitureFittings2023-01-3109997882core:OfficeEquipment2023-01-3109997882core:AfterOneYear2023-01-3109997882core:WithinOneYear2023-01-3109997882core:ListedExc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HUB DEMOLITION SERVICES LTD

Registered Number
09997882
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

HUB DEMOLITION SERVICES LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

BROWN, Harris Uriah

Registered Address

34 Boscombe Court
Letchworth
Hertfordshire
SG6 1RN

Registered Number

09997882 (England and Wales)
HUB DEMOLITION SERVICES LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,8876,228
6,8876,228
Current assets
Debtors56,15456,662
Cash at bank and on hand2,431975
58,58557,637
Creditors amounts falling due within one year4(45,863)(71,816)
Net current assets (liabilities)12,722(14,179)
Total assets less current liabilities19,609(7,951)
Creditors amounts falling due after one year5(17,508)(18,900)
Net assets2,101(26,851)
Capital and reserves
Called up share capital11
Profit and loss account2,100(26,852)
Shareholders' funds2,101(26,851)
The financial statements were approved and authorised for issue by the Director on 31 October 2024, and are signed on its behalf by:
BROWN, Harris Uriah
Director
Registered Company No. 09997882
HUB DEMOLITION SERVICES LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 2311,9501,99313,943
Additions-2,0002,000
At 31 January 2411,9503,99315,943
Depreciation and impairment
At 01 February 236,7041,0117,715
Charge for year1,0113301,341
At 31 January 247,7151,3419,056
Net book value
At 31 January 244,2352,6526,887
At 31 January 235,2469826,228
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-2,668
Bank borrowings and overdrafts2,6892,689
Taxation and social security40,33764,262
Accrued liabilities and deferred income2,8372,197
Total45,86371,816
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts17,50818,900
Total17,50818,900