Hudson Fuggle Limited Accounts

HUDSON FUGGLE LIMITED - Company Information






Hudson Fuggle Limited

	Company No. 03912072
		Information for Filing with The Registrar
		31 March 2022

The Directors present their report and the accounts for the year ended 31 March 2022.

Principal activities
The principal activity of the company during the year under review was that of a design agency.




Directors

The Directors who served at any time during the year were as follows:

S.J. Chauhan
I. Fuggle
J. Hudson



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

I. Fuggle
Director
13 December 2022

at	31 March 2022
Company No.		03912072	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	9,774	7,667


				9,774	7,667
Current assets

	Debtors		5	123,000	148,249

	Cash at bank and in hand			168,374	134,871
				291,374	283,120
Creditors: Amount falling due within one year			6	(138,632)	(138,281)
Net current assets				152,742	144,839
Total assets less current liabilities				162,516	152,506
Creditors: Amounts falling due after more than one year			7	(37,350)	(48,529)



Net assets				125,166	103,977

Capital and reserves
	Called up share capital			400	400



	Profit and loss account		8	124,766	103,577

Total equity				125,166	103,977



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 13 December 2022
And signed on its behalf by:
I. Fuggle
Director
13 December 2022

for the year ended 31 March 2022

General information

Its registered number is: 03912072

Its registered office is:

Studio 4 Jamaica

2 Shad Thames

London

SE1 2YU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

33% Straight Line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	8	10

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 April 2021	52,280	52,280
		Additions	7,184	7,184



		At 31 March 2022	59,464	59,464
		Depreciation
		At 1 April 2021	44,613	44,613
		Charge for the year	5,077	5,077



		At 31 March 2022	49,690	49,690
		Net book values
		At 31 March 2022	9,774	9,774
		At 31 March 2021	7,667	7,667

5	Debtors
			2022	2021
			£	£
		Trade debtors	88,146	108,485





		Other debtors	8,125	10,498
		Prepayments and accrued income	26,729	29,266
			123,000	148,249

6	Creditors:
		amounts falling due within one year
			2022	2021
			£	£

		Bank loans and overdrafts	8,671	2,415


		Trade creditors	22,110	28,615

		Corporation tax	25,730	24,154
		Other taxes and social security	45,067	38,740
		Loans from directors	936	18
		Other creditors	1,219	1,075
		Accruals and deferred income	34,899	43,264
			138,632	138,281

7	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£

		Bank loans and overdrafts	37,350	48,529






			37,350	48,529

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Commitments

		Capital commitments	2022	2021
			£	£
		Capital commitments contracted for at the end of the financial year for which no provision has been made:	83,155	-

		Other financial commitments
			2022	2021
			£	£
		Total commitments under non-cancellable operating leases:	83,155	-