2024-04-012025-03-312025-03-31false14536966HUGHES EPRODUCTS 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HUGHES EPRODUCTS LTD

Registered Number
14536966
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

HUGHES EPRODUCTS LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

HUGHES, Ashley Leon
HUGHES, Cameron Jack

Company Secretary

SMSA UK LTD

Registered Address

25 Hither Farm Road
Blackheath
London
SE3 9QT

Registered Number

14536966 (England and Wales)
HUGHES EPRODUCTS LTD
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets3269416
269416
Current assets
Cash at bank and on hand273,219
273,219
Creditors amounts falling due within one year4(891)(3,802)
Net current assets (liabilities)(864)(583)
Total assets less current liabilities(595)(167)
Net assets(595)(167)
Capital and reserves
Called up share capital11
Profit and loss account(596)(168)
Shareholders' funds(595)(167)
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2025, and are signed on its behalf by:
HUGHES, Ashley Leon
Director
Registered Company No. 14536966
HUGHES EPRODUCTS LTD
Notes to the Financial Statements
for the year ended 31 March 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A (FRS 102 1A) and the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime. The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Called-up Share Capital: Recorded at nominal value of shares issued. On 22 April 2024, 100% of the issued share capital of the company was acquired by HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD, making it the immediate and ultimate parent undertaking. HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD is incorporated in the United Kingdom.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees
The average number of employees, including directors, during the year was nil (2024 - nil).

20252024
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 24440
At 31 March 25440
Depreciation and impairment
At 01 April 2424
Charge for year147
At 31 March 25171
Net book value
At 31 March 25269
At 31 March 24416
The company owns computer equipment with a cost of £439.99 and accumulated depreciation of £171.10 as at 31 March 2025. The net book value of tangible fixed assets is £268.89.
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables631688
Other creditors2603,114
Total8913,802
Included in creditors is an amount of £260 (2024: £3,113) owing to Mr A L Hughes, a director of the company. No interest is charged on this balance. Mr A L Hughes undertakes not to draw down on this loan to the detriment of the company and, as such, considers it appropriate to prepare the accounts on the going concern basis.
5.Share capital
The company has issued the following share capital: 51 A Ordinary shares of £0.01 each (£0.51) 49 B Ordinary shares of £0.01 each (£0.49) All shares are allotted, called-up and fully paid and carry equal rights to distributions and voting, except where specified in the Articles of Association.
6.Related party transactions
During the year, the company repaid £2,853 of a director's loan to A L Hughes. The outstanding balance at 31 March 2025 is £260.
7.Controlling party
The immediate and ultimate parent undertaking is HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD, a company incorporated in the United Kingdom. The parent company holds 100% of the issued share capital of HUGHES EPRODUCTS LTD as at 31 March 2025.
8.Parent-subsidiary relationships
HUGHES EPRODUCTS LTD is a wholly owned subsidiary of HUGHES EGLOBAL DIGITAL HOLDINGS GROUP LTD. The parent company holds 100% of the issued share capital of the company.