Huub Limited - Limited company - abbreviated - 11.6

Huub Limited - Limited company - abbreviated - 11.6

HUUB LIMITED - Company Information

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07814502 1.10.13 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 Ordinary 'C' Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078145022013-09-30078145022014-12-31078145022013-10-012014-12-31078145022012-09-30078145022012-10-012013-09-30078145022013-09-3007814502ns12:England2013-10-012014-12-3107814502ns14:PoundSterling2013-10-012014-12-3107814502ns7:Director12013-10-012014-12-3107814502ns7:OrdinaryShareClass12013-10-012014-12-3107814502ns7:OrdinaryShareClass22013-10-012014-12-3107814502ns7:OrdinaryShareClass32013-10-012014-12-3107814502ns7:Director22013-10-012014-12-3107814502ns7:RegisteredOffice2013-10-012014-12-3107814502ns7:EntityAccountantsOrAuditors2013-10-012014-12-3107814502ns5:LandBuildings2013-10-012014-12-3107814502ns5:PlantMachinery2013-10-012014-12-3107814502ns7:OrdinaryShareClass12014-12-3107814502ns7:OrdinaryShareClass12013-09-3007814502ns7:OrdinaryShareClass22014-12-3107814502ns7:OrdinaryShareClass22013-09-3007814502ns7:OrdinaryShareClass32014-12-3107814502ns7:OrdinaryShareClass32013-09-30
REGISTERED NUMBER: 07814502 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 OCTOBER 2013 TO 31 DECEMBER 2014

FOR

HUUB LIMITED

HUUB LIMITED (REGISTERED NUMBER: 07814502)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 OCTOBER 2013 TO 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

HUUB LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2013 TO 31 DECEMBER 2014







DIRECTORS: D N Jackson
T E B Mawhood





REGISTERED OFFICE: St Helen's House
King Street
Derby
DE1 3EE





REGISTERED NUMBER: 07814502 (England and Wales)





ACCOUNTANTS: Smith Cooper Limited
Chartered Accountants
St Helen's House
King Street
Derby
DE1 3EE
Page 1
HUUB LIMITED (REGISTERED NUMBER: 07814502)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 78,058 29,964

CURRENT ASSETS
Stocks 146,457 70,480
Debtors 180,387 243,583
Cash at bank 47,951 26,057
374,795 340,120
CREDITORS
Amounts falling due within one year 3 363,082 142,058
NET CURRENT ASSETS 11,713 198,062
TOTAL ASSETS LESS CURRENT
LIABILITIES
89,771
228,026

CREDITORS
Amounts falling due after more than one
year
3
138,532
40,000
NET (LIABILITIES)/ASSETS (48,761 ) 188,026

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Share premium 121,300 121,300
Profit and loss account (180,061 ) 56,726
SHAREHOLDERS' FUNDS (48,761 ) 188,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
HUUB LIMITED (REGISTERED NUMBER: 07814502)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 September 2015 and were signed
on its behalf by:





D N Jackson - Director


The notes form part of these abbreviated accounts

Page 3
HUUB LIMITED (REGISTERED NUMBER: 07814502)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 OCTOBER 2013 TO 31 DECEMBER 2014


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings - 50% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Going concern
The business has invested heavily to support the growth of the business and although impacting the
results in the period covered by the financial statements, the directors and shareholders believe the
business is well positioned to continue to grow and deliver profits in 2015 and 2016.

The balance sheet at the year end shows that liabilities exceed net assets. The directors and
shareholders have agreed to provide adequate financial support to enable the company to meet its
debts as they fall due, on this basis the directors consider appropriate to prepare the accounts as a
going concern.

Page 4 continued...
HUUB LIMITED (REGISTERED NUMBER: 07814502)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 OCTOBER 2013 TO 31 DECEMBER 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 37,342
Additions 71,173
At 31 December 2014 108,515
DEPRECIATION
At 1 October 2013 7,378
Charge for period 23,079
At 31 December 2014 30,457
NET BOOK VALUE
At 31 December 2014 78,058
At 30 September 2013 29,964

3. CREDITORS

Creditors include an amount of £ 23,168 (2013 - £ 5,847 ) for which security has been given.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
3,700 Ordinary 'A' shares £1 3,700 3,700
5,300 Ordinary 'B' shares £1 5,300 5,300
1,000 Ordinary 'C' Shares £1 1,000 1,000
10,000 10,000

5. RELATED PARTY DISCLOSURES

D N Jackson
A Director of the company


During the period the company paid consultancy fees of £11,000 to D Jackson.

2014 2013
£    £   
Amount due from related party at the balance sheet date 60,606 5,300

Page 5 continued...
HUUB LIMITED (REGISTERED NUMBER: 07814502)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 1 OCTOBER 2013 TO 31 DECEMBER 2014


5. RELATED PARTY DISCLOSURES - continued

T E B Mawhood
A Director of the company


2014 2013
£    £   
Amount due to related party at the balance sheet date 2,000 7,500

Page 6