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REGISTERED NUMBER: 07989490 (England and Wales)















LONDON HUB FASHION LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


LONDON HUB FASHION LIMITED

Company Information
for the year ended 31 March 2024







Director: L M Roberts





Registered office: 18 Penrhyn Gwyn
Macynys
Llanelli
Carmarthenshire
SA15 2AX





Registered number: 07989490 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 7,965 10,620

Current assets
Debtors 5 204,226 207,470
Cash at bank 1 12,856
204,227 220,326
Creditors
Amounts falling due within one year 6 80,432 88,976
Net current assets 123,795 131,350
Total assets less current liabilities 131,760 141,970

Creditors
Amounts falling due after more than one year 7 (18,408 ) (23,015 )

Provisions for liabilities (1,513 ) (2,018 )
Net assets 111,839 116,937

Capital and reserves
Called up share capital 200 200
Retained earnings 111,639 116,737
Shareholders' funds 111,839 116,937

LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)

Balance Sheet - continued
31 March 2024


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

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

The director acknowledges her 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.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2024 and were signed by:





L M Roberts - Director


LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

London Hub Fashion 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 April 2023
and 31 March 2024 25,708 1,407 27,115
Depreciation
At 1 April 2023 15,088 1,407 16,495
Charge for year 2,655 - 2,655
At 31 March 2024 17,743 1,407 19,150
Net book value
At 31 March 2024 7,965 - 7,965
At 31 March 2023 10,620 - 10,620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 April 2023
and 31 March 2024 25,708
Depreciation
At 1 April 2023 15,088
Charge for year 2,655
At 31 March 2024 17,743
Net book value
At 31 March 2024 7,965
At 31 March 2023 10,620

5. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 204,226 207,455
VAT - 15
204,226 207,470

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,036 10,000
Hire purchase contracts - 12,312
VAT 3,792 -
Other creditors 26,522 26,522
Directors' current accounts 39,092 39,242
Accrued expenses 990 900
80,432 88,976

LONDON HUB FASHION LIMITED (REGISTERED NUMBER: 07989490)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 8,408 13,015
18,408 23,015