IRIS Accounts Production v24.2.0.383 12409067 director 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124090672023-01-31124090672024-01-31124090672023-02-012024-01-31124090672022-01-31124090672022-02-012023-01-31124090672023-01-3112409067ns15:EnglandWales2023-02-012024-01-3112409067ns14:PoundSterling2023-02-012024-01-3112409067ns10:Director12023-02-012024-01-3112409067ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112409067ns10:SmallEntities2023-02-012024-01-3112409067ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112409067ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112409067ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112409067ns10:FullAccounts2023-02-012024-01-3112409067ns10:EntityHasNeverTraded2023-02-012024-01-3112409067ns10:OrdinaryShareClass12023-02-012024-01-3112409067ns10:OrdinaryShareClass22023-02-012024-01-3112409067ns10:OrdinaryShareClass32023-02-012024-01-3112409067ns10:RegisteredOffice2023-02-012024-01-3112409067ns5:CurrentFinancialInstruments2024-01-3112409067ns5:CurrentFinancialInstruments2023-01-3112409067ns5:Non-currentFinancialInstruments2024-01-3112409067ns5:Non-currentFinancialInstruments2023-01-3112409067ns5:ShareCapital2024-01-3112409067ns5:ShareCapital2023-01-3112409067ns5:SharePremium2024-01-3112409067ns5:SharePremium2023-01-3112409067ns5:RetainedEarningsAccumulatedLosses2024-01-3112409067ns5:RetainedEarningsAccumulatedLosses2023-01-3112409067ns5:ComputerEquipment2023-02-012024-01-3112409067ns5:ComputerEquipment2023-01-3112409067ns5:ComputerEquipment2024-01-3112409067ns5:ComputerEquipment2023-01-3112409067ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3112409067ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3112409067ns10:OrdinaryShareClass12024-01-3112409067ns10:OrdinaryShareClass22024-01-3112409067ns10:OrdinaryShareClass32024-01-31124090671ns10:Director12023-01-31124090671ns10:Director12022-01-31124090671ns10:Director12023-02-012024-01-31124090671ns10:Director12022-02-012023-01-31124090671ns10:Director12024-01-31124090671ns10:Director12023-01-31
REGISTERED NUMBER: 12409067 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

PETRO HUB LIMITED

PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETRO HUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: S J Riding





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 12409067 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 469 500

CURRENT ASSETS
Stocks - 19,758
Debtors 5 150,060 111,044
Cash at bank 14,170 9,020
164,230 139,822
CREDITORS
Amounts falling due within one year 6 17,882 22,179
NET CURRENT ASSETS 146,348 117,643
TOTAL ASSETS LESS CURRENT LIABILITIES 146,817 118,143

CREDITORS
Amounts falling due after more than one
year

7

25,156

27,962
NET ASSETS 121,661 90,181

CAPITAL AND RESERVES
Called up share capital 8 125 125
Share premium 89,975 89,975
Retained earnings 31,561 81
SHAREHOLDERS' FUNDS 121,661 90,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)

BALANCE SHEET - continued
31ST JANUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2024 and were signed by:





S J Riding - Director


PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Petro Hub Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 5 years

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2023 681
Additions 132
At 31st January 2024 813
DEPRECIATION
At 1st February 2023 181
Charge for year 163
At 31st January 2024 344
NET BOOK VALUE
At 31st January 2024 469
At 31st January 2023 500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,352 -
Amounts owed by group undertakings 20,442 15,619
Other debtors 102,266 95,425
150,060 111,044

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,483 10,000
Taxation and social security 8,575 9,371
Other creditors 2,824 2,808
17,882 22,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,156 27,962

PETRO HUB LIMITED (REGISTERED NUMBER: 12409067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
25 Ordinary C 1 25 25
125 125

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
S J Riding
Balance outstanding at start of year 4 9,997
Amounts advanced 14,610 23,240
Amounts repaid (9,140 ) (33,233 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,474 4

Interest was charged on this balance at a rate of 2.25%. There are no fixed terms for repayment.