Company Registration No. 4269722 (England and Wales)
The Hub Link Limited
Unaudited accounts
for the year ended 31 August 2021
The Hub Link Limited
Unaudited accounts
Contents
The Hub Link Limited
Company Information
for the year ended 31 August 2021
Company Number
4269722 (England and Wales)
Registered Office
Banks Farm
Oakamoor
Staffordshire
ST10 3AN
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
The Hub Link Limited
Statement of financial position
as at 31 August 2021
Tangible assets
2,888
4,573
Cash at bank and in hand
21,804
12,495
Creditors: amounts falling due within one year
(5,672)
(6,793)
Net current assets
17,607
7,019
Total assets less current liabilities
20,495
11,592
Creditors: amounts falling due after more than one year
(7,745)
(9,372)
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
12,199
2,217
Shareholders' funds
12,202
2,220
For the year ending 31 August 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 March 2022 and were signed on its behalf by
Mrs T Burndred
Director
Company Registration No. 4269722
The Hub Link Limited
Notes to the Accounts
for the year ended 31 August 2021
The Hub Link Limited is a private company, limited by shares, registered in England and Wales, registration number 4269722. The registered office is Banks Farm , Oakamoor , Staffordshire , ST10 3AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The Hub Link Limited
Notes to the Accounts
for the year ended 31 August 2021
4
Tangible fixed assets
Total
At 1 September 2020
16,127
At 1 September 2020
11,554
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
6
Average number of employees
During the year the average number of employees was 1 (2020: 1).
