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REGISTERED NUMBER: 11827541 (England and Wales)










HUB.SON CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 6


HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,266 76,949
Tangible assets 5 106,700 95,450
169,966 172,399

CURRENT ASSETS
Stocks 270,000 195,000
Debtors 6 1,891,534 1,656,125
Cash at bank 538,787 455,661
2,700,321 2,306,786
CREDITORS
Amounts falling due within one year 7 2,432,675 1,990,821
NET CURRENT ASSETS 267,646 315,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,612

488,364

CREDITORS
Amounts falling due after more than one year 8 13,137 14,167
NET ASSETS 424,475 474,197

CAPITAL AND RESERVES
Called up share capital 11 103 100
Retained earnings 424,372 474,097
SHAREHOLDERS' FUNDS 424,475 474,197

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 Board of Directors and authorised for issue on 6th February 2025 and were signed on its behalf by:




C M Hudson - Director H V Hudson - Director




R B Shaw - Director


HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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


1. STATUTORY INFORMATION

Hub.son Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11827541

Registered office: Textile House
Unit 1, Holly Park Mills
Woodhall Road
Calverley
LS28 5QS

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 25% on cost

Stocks
Stocks consist of work in progress and is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses.

Basic financial assets classed as receivable within one year are not amortised.
Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 49 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 136,840
AMORTISATION
At 1st January 2024 59,891
Charge for year 13,683
At 31st December 2024 73,574
NET BOOK VALUE
At 31st December 2024 63,266
At 31st December 2023 76,949

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 163,064
Additions 52,907
At 31st December 2024 215,971
DEPRECIATION
At 1st January 2024 67,614
Charge for year 41,657
At 31st December 2024 109,271
NET BOOK VALUE
At 31st December 2024 106,700
At 31st December 2023 95,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,285,788 1,221,033
Other debtors 605,746 435,092
1,891,534 1,656,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 6,517 -
Trade creditors 1,544,980 1,166,877
Taxation and social security 445,534 311,329
Other creditors 425,644 502,615
2,432,675 1,990,821

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,167 14,167
Hire purchase contracts (see note 9) 8,970 -
13,137 14,167

Hire purchase balances are secured on the assets to which they relate.

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,517 -
Between one and five years 8,970 -
15,487 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 127,761 114,685
Between one and five years 76,565 125,548
204,326 240,233

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 207,061 234,077
Hire purchase contracts 15,487 -
222,548 234,077

Other loans represents invoice financing and is secured on the book debts, together with a fixed and floating charge over the assets and undertakings of the company. Hire purchase balances are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
1 Ordinary C £1 1 -
103 100

The following shares were issued during the year for cash at par :

1 Ordinary A share of £1
1 Ordinary B share of £1
1 Ordinary C share of £1

Ordinary A, B and C shares of £1 each carry no voting rights or rights to capital. All classes of share carry rights to dividends at rates declared for that class.

HUB.SON CONSULTANCY LIMITED (REGISTERED NUMBER: 11827541)

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


12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
C M Hudson
Balance outstanding at start of year - -
Amounts advanced 43,166 -
Amounts repaid (33,369 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,797 -

H V Hudson
Balance outstanding at start of year - -
Amounts advanced 9,253 -
Amounts repaid (5,147 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,106 -

No interest is charged on loans to directors and there is no fixed date for repayment.