Huby Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06534899 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2021

for

Huby Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Huby

REGISTERED OFFICE:

2 Sunningdale Drive

Blundellsands

Liverpool

Merseyside

L23 7XA

REGISTERED NUMBER:

06534899 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

4

603

881

Investments

5

9,668

7,562

10,271

8,443

CURRENT ASSETS

Debtors

6

3,513

28,349

Cash at bank

57,144

19,797

60,657

48,146

CREDITORS

Amounts falling due within one year

7

(40,638

)

(27,397

)

NET CURRENT ASSETS

20,019

20,749

TOTAL ASSETS LESS CURRENT LIABILITIES

30,290

29,192

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

30,282

29,184

SHAREHOLDERS' FUNDS

30,290

29,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 13 July 2021 and were signed by:

R Huby - Director

1.	STATUTORY INFORMATION

Huby 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

33% on cost and 25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

and 31 May 2021

1,957

DEPRECIATION

At 1 June 2020

1,076

Charge for year

278

At 31 May 2021

1,354

NET BOOK VALUE

At 31 May 2021

603

At 31 May 2020

881

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 June 2020

7,562

Revaluations

2,106

At 31 May 2021

9,668

NET BOOK VALUE

At 31 May 2021

9,668

At 31 May 2020

7,562

Cost or valuation at 31 May 2021 is represented by:

Other

investments

£

Valuation in 2021

9,668

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

-

28,200

Other debtors

2,457

-

Directors' current accounts

778

-

VAT

211

149

Prepayments

67

-

3,513

28,349

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Corporation tax

40,638

26,063

Social security and other taxes

-

(1,388

)

Other creditors

-

2,331

Directors' current accounts

-

391

40,638

27,397

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2021 and 31 May 2020:

31.5.21

31.5.20

£

£

R Huby

Balance outstanding at start of year

-

-

Amounts advanced

777

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

777

-

The loan is interest-free, unsecured and has no set repayment terms.

The loan was repaid within nine months of the Balance sheet date.