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Registered Number: 08149918
England and Wales

 

 

 

HUG LONDON LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 5,420    6,234 
5,420    6,234 
Current assets      
Debtors 13,107    64,995 
Cash at bank and in hand 39,182    112,072 
52,289    177,067 
Creditors: amount falling due within one year (45,531)   (147,385)
Net current assets 6,758    29,682 
 
Total assets less current liabilities 12,178    35,916 
Creditors: amount falling due after more than one year (11,383)   (22,074)
Provisions for liabilities (295)   (2,877)
Net assets 500    10,965 
 

Capital and reserves
     
Called up share capital 500    500 
Profit and loss account   10,465 
Shareholders' funds 500    10,965 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 03 December 2024 and were signed on its behalf by:


-------------------------------
Lou Swaine
Director
1
General Information
HUG LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08149918, registration address 1 Mentmore Terrace, Mentmore Terrace, London, E8 3PN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 1,352    2,874    26,556    30,782 
Additions      
Disposals      
At 31 March 2024 1,352    2,874    26,556    30,782 
Depreciation
At 01 April 2023 573    1,122    22,026    23,721 
Charge for year 156    263    1,222    1,641 
On disposals      
At 31 March 2024 729    1,385    23,248    25,362 
Net book values
Closing balance as at 31 March 2024 623    1,489    3,308    5,420 
Opening balance as at 01 April 2023 779    1,752    3,703    6,234 


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