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HUB KITCHEN DESIGN LTD - Company Information

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Hub Kitchen Design Limited

Registered Number:06984596

For the year ended 31 August 2018

England and Wales

Projected Profit & Loss Account

For the year ended 31 August 2018

Hub Kitchen Design Limited

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

As at 31 August 2018

Hub Kitchen Design Limited

Statement of Financial Position

Registered Number :

06984596

2017

2018

Notes

Fixed assets

Property, plant and equipment

45,260

43,636

45,260

43,636

Current assets

Inventories

39,500

Trade and other receivables

3,942

3,500

24,101

Cash and cash equivalents

3,705

46,705

67,543

Trade and other payables: amounts falling due within one

year

(26,324)

(8,747)

41,219

37,958

Net current assets

Total assets less current liabilities

83,218

84,855

Trade and other payables: amounts falling due after more

than one year

(10,000)

73,218

Net assets

84,855

Capital and reserves

Called up share capital

100

Retained earnings

73,118

84,755

73,218

84,855

Shareholders' funds

For the year ended 31 August 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr S C Delves Director

These financial statements were approved and authorised for issue by the Board on 30 May 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 August 2018

Hub Kitchen Design Limited

Notes to the Financial Statements

Statutory Information

Hub Kitchen Design Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 06984596.

Principal place of business:

4 Crescent East

Cleveleys

Lancashire

FY5 3LJ

Registered address:

150A Preston Old Road

Blackpool

Lancashire

FY3 9QP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 of 4

For the year ended 31 August 2018

Hub Kitchen Design Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Cost or

valuation

At 01 September 2017

49,032

3,365

45,667

1,624

Additions

At 31 August 2018

45,667

4,989

50,656

Provision for depreciation and impairment

At 01 September 2017

5,396

673

4,723

At 31 August 2018

5,396

673

4,723

At 31 August 2018

Net book value

40,944

4,316

45,260

At 31 August 2017

40,944

2,692

43,636

3. Inventories

2017

2018

Stocks

39,500

3. Trade and other receivables

2017

2018

Other debtors

3,500

3,942

4. Trade and other payables: amounts falling due within one year

2017

2018

Taxation and social security

5,276

12,577

Other creditors

3,471

13,747

8,747

26,324

5. Trade and other payables: amounts falling due after more than one year

2017

2018

Bank loans and overdraft (secured)

10,000

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For the year ended 31 August 2018

Hub Kitchen Design Limited

Notes to the Financial Statements Continued

4 of 4