Company registration number: 12921096
Unaudited financial statements
for the year ended 31 October 2024
for
Munchyhub Limited
Pages for filing with the Registrar
Company registration number: 12921096
Munchyhub Limited
Balance sheet
as at 31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 62,012 77,042
62,012 77,042
Current assets
Debtors 18,137 7,845
Cash at bank and in hand 2,205 1,685
20,342 9,530
Creditors: amounts falling due within one
year 		(173,991) (149,726)
Net current liabilities (153,649) (140,196)
Total assets less current liabilities (91,637) (63,154)
NET LIABILITIES (91,637) (63,154)
Capital and reserves
Called up share capital 100 100
Profit and loss account (91,737) (63,254)
TOTAL EQUITY (91,637) (63,154)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12921096
Munchyhub Limited
Balance sheet - continued
as at 31 October 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 26 May 2025 and signed on its behalf by:
Mr B Istrate, Director
26 May 2025
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Munchyhub Limited
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Munchyhub Limited is a private company registered in England and Wales. Its registered number is 12921096. The company is limited by shares. Its registered office is 100 Phoebe Street, Salford, M5 3PH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Land and buildings:
Short leasehold property - 20% straight line
Plant and machinery:
Plant and machinery - 20% straight line
Computer equipment - 33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Munchyhub Limited
Notes to the financial statements - continued
for the year ended 31 October 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 1).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery 		Totals
£ £ £
Cost
At 1 November 2023 70,358 22,007 92,365
Additions 872 3,132 4,004
At 31 October 2024 71,230 25,139 96,369
Depreciation
At 1 November 2023 11,287 4,036 15,323
Charge for year 14,179 4,855 19,034
At 31 October 2024 25,466 8,891 34,357
Net book value
At 31 October 2024 45,764 16,248 62,012
At 31 October 2023 59,071 17,971 77,042
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023.
2024 2023
£ £
Balance outstanding at start of year 148,678 32,537
Amounts advanced 28,777 133,936
Amounts repaid (19,601) (17,795)
Balance outstanding at end of year 157,854 148,678
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