Interiors By Hub Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11674625 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Interiors By Hub Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Burton

D J Mumford

REGISTERED OFFICE:

Unit 4 & 5 Wharfside

Rounds Green Road

Oldbury

West Midlands

B69 2BU

REGISTERED NUMBER:

11674625 (England and Wales)

ACCOUNTANTS:

M.D.McFerran & Co, Accountants

3 Millford Close

Hall Green

Birmingham

West Midlands

B28 0YL

FIXED ASSETS

Tangible assets

4

579

772

CURRENT ASSETS

Debtors

5

5,459

33,066

Cash at bank

6,069

97,091

11,528

130,157

CREDITORS

Amounts falling due within one year

6

8,482

117,594

NET CURRENT ASSETS

3,046

12,563

TOTAL ASSETS LESS CURRENT LIABILITIES

3,625

13,335

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,525

13,235

SHAREHOLDERS' FUNDS

3,625

13,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

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 Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:

R G Burton - Director

D J Mumford - Director

1.	STATUTORY INFORMATION

Interiors By Hub Limited 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 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.

Computer equipment

-

25% on reducing balance

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.

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.

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 NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2021

and 31 July 2022

1,558

DEPRECIATION

At 1 August 2021

786

Charge for year

193

At 31 July 2022

979

NET BOOK VALUE

At 31 July 2022

579

At 31 July 2021

772

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

3,734

23,263

Other debtors

1,725

9,803

5,459

33,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade creditors

(1

)

2,203

Taxation and social security

(6,816

)

4,031

Other creditors

15,299

111,360

8,482

117,594

7.	RELATED PARTY DISCLOSURES

During the year the company was invoiced a total of £12,000 (£nil 2021) by Dapa Inc Limited which is wholly owned by the directors of this company,for services provided by Dapa Inc Limited.,