Registered number
14907036
BNG HUB Ltd
Filleted Accounts
31 March 2025
BNG HUB Ltd
Registered number: 14907036
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 51,493 50,314
Current assets
Stocks 3,690 2,500
Debtors 4 14,835 44,447
Cash at bank and in hand 21,788 3,327
40,313 50,274
Creditors: amounts falling due within one year 5 (18,034) (12,350)
Net current assets 22,279 37,924
Total assets less current liabilities 73,772 88,238
Creditors: amounts falling due after more than one year 6 (256,199) (222,578)
Net liabilities (182,427) (134,340)
Capital and reserves
Share premium 3 3
Profit and loss account (182,430) (134,343)
Shareholders' funds (182,427) (134,340)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Richard Evans
Director
Approved by the board on 29 April 2025
BNG HUB Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Improvements over the lease term
Plant and machinery 20% Straight line basis
Fixtures, fittings, and equipment 33.3% Straight line basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Leasehold Premises Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 15,547 35,286 50,833
Additions - 9,397 9,397
At 31 March 2025 15,547 44,683 60,230
Depreciation
At 1 April 2024 135 384 519
Charge for the year 1,622 6,596 8,218
At 31 March 2025 1,757 6,980 8,737
Net book value
At 31 March 2025 13,790 37,703 51,493
At 31 March 2024 15,412 34,902 50,314
4 Debtors 2025 2024
£ £
Trade debtors 5,207 200
Other debtors 9,628 44,247
14,835 44,447
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 4,922 1,876
Other creditors 13,112 10,474
18,034 12,350
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 256,199 222,578
7 Related party transactions
The Directors of the Company have loaned a total of £232,578 to the company, which is interest bearing and is classified as a long term loan.
The following amounts were paid to associated companies for goods supplied
- North Gardens Brewery Ltd £54,279
- Bestens Brewery Ltd £21,453
8 Controlling party
The Company is owned and controlled by it's Directors
9 Other information
BNG HUB Ltd is a private company limited by shares and incorporated in England. Its registered office is:
KBF House, The Brickworks
Unit 5, 55 Victoria Road
Burgess Hill
West Sussex
RH15 9LH
BNG HUB Ltd 14907036 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr. Richard Evans No description of principal activity 14907036 2023-04-01 2024-03-31 14907036 core:WithinOneYear 2024-03-31 14907036 core:AfterOneYear 2024-03-31 14907036 core:SharePremium 2024-03-31 14907036 core:RetainedEarningsAccumulatedLosses 2024-03-31 14907036 2024-04-01 2025-03-31 14907036 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14907036 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 14907036 bus:Director40 2024-04-01 2025-03-31 14907036 1 2024-04-01 2025-03-31 14907036 2 2024-04-01 2025-03-31 14907036 core:LandBuildings 2024-04-01 2025-03-31 14907036 core:PlantMachinery 2024-04-01 2025-03-31 14907036 countries:England 2024-04-01 2025-03-31 14907036 bus:FRS102 2024-04-01 2025-03-31 14907036 bus:FilletedAccounts 2024-04-01 2025-03-31 14907036 2025-03-31 14907036 core:WithinOneYear 2025-03-31 14907036 core:AfterOneYear 2025-03-31 14907036 core:SharePremium 2025-03-31 14907036 core:RetainedEarningsAccumulatedLosses 2025-03-31 14907036 core:LandBuildings 2025-03-31 14907036 core:PlantMachinery 2025-03-31 14907036 2024-03-31 14907036 core:LandBuildings 2024-03-31 14907036 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure