Hubflow Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI667467

Hubflow Limited

Filleted Unaudited Financial Statements

31 December 2024

Hubflow Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		585,586	437,292

Current assets

Debtors	6	254,892	225,303
Cash at bank and in hand		219,181	190,702
		---------	---------
		474,073	416,005

Creditors: amounts falling due within one year	7	698,606		505,521
		---------		---------
Net current liabilities			224,533	89,516
			---------	---------
Total assets less current liabilities			361,053	347,776
			---------	---------
Net assets			361,053	347,776
			---------	---------

Capital and reserves

Called up share capital	500,100	500,100
Profit and loss account	( 139,047)	( 152,324)
	---------	---------
Shareholders funds	361,053	347,776
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hubflow Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 August 2025 , and are signed on behalf of the board by:

Mr McCausland

Director

Company registration number: NI667467

Hubflow Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 43 Lockview Road, Belfast, BT9 5FJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	10% straight line
Website	-	25% straight line
Fixtures and fittings	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2023: 3 ).

5. Tangible assets

	Long leasehold property	Website	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024	125,420	8,500	424,051	557,971
Additions	65,000	–	178,877	243,877
	---------	-------	---------	---------
At 31 December 2024	190,420	8,500	602,928	801,848
	---------	-------	---------	---------
Depreciation
At 1 January 2024	12,542	5,500	102,637	120,679
Charge for the year	19,042	1,500	75,041	95,583
	---------	-------	---------	---------
At 31 December 2024	31,584	7,000	177,678	216,262
	---------	-------	---------	---------
Carrying amount
At 31 December 2024	158,836	1,500	425,250	585,586
	---------	-------	---------	---------
At 31 December 2023	112,878	3,000	321,414	437,292
	---------	-------	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	2,109	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,000	1,000
Other debtors	251,783	224,303
	---------	---------
	254,892	225,303
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	16,355	19,176
Trade creditors	123,273	76,936
Social security and other taxes	53,355	3,005
Other Loans	2,102	–
Other creditors	503,521	406,404
	---------	---------
	698,606	505,521
	---------	---------

8. Related party transactions

The company owed the following amounts to related undertakings who are related by virtue of being under common control:

	2024	2023
	£	£
Richland Capital Limited	(1,000)	(1,000)

No other transactions occurred which are subject to disclosure under the provisions of FRS102.

9. Control

The company is controlled by Mr G McCausland by virtue of his shareholding.