The Solution Hub Ltd - Limited company accounts 16.3

The Solution Hub Ltd - Limited company accounts 16.3


IRIS Accounts Productionv17.2.1.5208064891Board of Directors1.7.1630.6.1730.6.17falsetruefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080648912016-06-30080648912017-06-30080648912016-07-012017-06-30080648912015-06-30080648912015-07-012016-06-30080648912016-06-3008064891ns15:EnglandWales2016-07-012017-06-3008064891ns14:PoundSterling2016-07-012017-06-3008064891ns10:Director12016-07-012017-06-3008064891ns10:PrivateLimitedCompanyLtd2016-07-012017-06-3008064891ns10:SmallEntities2016-07-012017-06-3008064891ns10:AuditExempt-NoAccountantsReport2016-07-012017-06-3008064891ns10:SmallCompaniesRegimeForDirectorsReport2016-07-012017-06-3008064891ns10:SmallCompaniesRegimeForAccounts2016-07-012017-06-3008064891ns10:FullAccounts2016-07-012017-06-3008064891ns10:Director22016-07-012017-06-3008064891ns10:CompanySecretary12016-07-012017-06-3008064891ns10:RegisteredOffice2016-07-012017-06-3008064891ns5:CurrentFinancialInstruments2017-06-3008064891ns5:CurrentFinancialInstruments2016-06-3008064891ns5:ShareCapital2017-06-3008064891ns5:ShareCapital2016-06-3008064891ns5:RetainedEarningsAccumulatedLosses2017-06-3008064891ns5:RetainedEarningsAccumulatedLosses2016-06-3008064891ns5:PlantMachinery2016-07-012017-06-3008064891ns5:OwnedAssets2016-07-012017-06-3008064891ns5:OwnedAssets2015-07-012016-06-3008064891ns5:PlantMachinery2016-06-3008064891ns5:PlantMachinery2017-06-3008064891ns5:PlantMachinery2016-06-3008064891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-06-3008064891ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-06-30


REGISTERED NUMBER: 08064891(England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2017

for

The Solution Hub Ltd

The Solution Hub Ltd (Registered number: 08064891)






Contents of the Financial Statements
for the Year Ended 30 June 2017




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


The Solution Hub Ltd

Company Information
for the Year Ended 30 June 2017







DIRECTORS: Mr D Beales
Mrs C L Beales



SECRETARY: Mrs C L Beales



REGISTERED OFFICE: 11 Thornhill Terrace
Sunderland
Tyne and Wear
SR2 7JL



REGISTERED NUMBER: 08064891(England and Wales)



ACCOUNTANTS: Forbes Young Accountancy Ltd
Rotterdam House
116 Quayside
Newcastle Upon Tyne
Tyne and Wear
NE1 3DY



BANKERS: Cater Allen Private Bank
9 Nelson Street
Bradford
BD1 5AN

The Solution Hub Ltd (Registered number: 08064891)

Report of the Directors
for the Year Ended 30 June 2017

The directors present their report with the financial statements of the company for the year ended 30 June 2017.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of IT Consultancy Services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2016 to the date of this report.

Mr D Beales
Mrs C L Beales

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





Mr D Beales- Director


25 August 2017

The Solution Hub Ltd (Registered number: 08064891)

Income Statement
for the Year Ended 30 June 2017

30.6.17 30.6.16
Notes £    £   

TURNOVER 95,792 143,322

Administrative expenses 58,403 41,009
OPERATING PROFIT 4 37,389 102,313

Interest receivable and similar income - 152
PROFIT BEFORE TAXATION 37,389 102,465

Tax on profit 8,627 20,854
PROFIT FOR THE FINANCIAL YEAR 28,762 81,611

The Solution Hub Ltd (Registered number: 08064891)

Balance Sheet
30 June 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,224 1,182

CURRENT ASSETS
Debtors 6 3,724 2,908
Cash at bank 41,390 56,938
45,114 59,846
CREDITORS
Amounts falling due within one year 7 10,306 23,758
NET CURRENT ASSETS 34,808 36,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,032

37,270

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,030 37,268
SHAREHOLDERS' FUNDS 36,032 37,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 August 2017and were signed on its behalf by:





Mr D Beales- Director


The Solution Hub Ltd (Registered number: 08064891)

Notes to the Financial Statements
for the Year Ended 30 June 2017

1. STATUTORY INFORMATION

The Solution Hub 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Plant and machinery etc - 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 2.

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.17 30.6.16
£    £   
Depreciation - owned assets 408 394

The Solution Hub Ltd (Registered number: 08064891)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2016 2,766
Additions 450
At 30 June 2017 3,216
DEPRECIATION
At 1 July 2016 1,584
Charge for year 408
At 30 June 2017 1,992
NET BOOK VALUE
At 30 June 2017 1,224
At 30 June 2016 1,182

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Trade debtors 2,856 2,040
Other debtors 868 868
3,724 2,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Taxation and social security 10,306 23,758