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REGISTERED NUMBER: 13546611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HUB INTERIORS LTD

HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HUB INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M S Gorvin
Mr E P Gorvin
Mr J Vickers





REGISTERED OFFICE: 56 Beaucroft Lane
Wimborne
Dorset
BH21 2PA





REGISTERED NUMBER: 13546611 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 196,186 153,102
Investments 5 602,256 -
798,442 153,102

CURRENT ASSETS
Stocks 209,280 422,296
Debtors 70,242 77,136
Cash at bank 293,006 511,821
572,528 1,011,253
CREDITORS
Amounts falling due within one year (574,498 ) (468,104 )
NET CURRENT (LIABILITIES)/ASSETS (1,970 ) 543,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

796,472

696,251

PROVISIONS FOR LIABILITIES (37,275 ) (38,276 )
NET ASSETS 759,197 657,975

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 759,194 657,972
SHAREHOLDERS' FUNDS 759,197 657,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:





Mr M S Gorvin - Director


HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)

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

1. STATUTORY INFORMATION

Hub Interiors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the value of goods and services supplied by the company during the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Related party transactions
At the balance sheet date there is an outstanding loan of £60,000 (2023: £60,000) due to E & L Investments Ltd presented within other creditors, there was no interest charges on the balance.

At the balance sheet date there is an outstanding loan of £30,000 (2023: £30,000) due to Portus Homes Ltd presented within other creditors, there was no interest charges on the balance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 194,063
Additions 92,130
At 31 December 2024 286,193
DEPRECIATION
At 1 January 2024 40,961
Charge for year 49,046
At 31 December 2024 90,007
NET BOOK VALUE
At 31 December 2024 196,186
At 31 December 2023 153,102

HUB INTERIORS LTD (REGISTERED NUMBER: 13546611)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 602,256
At 31 December 2024 602,256
NET BOOK VALUE
At 31 December 2024 602,256