MyKhub.Net Limited xbrl

MYKHUB.NET LIMITED - Company Information

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MyKhub.Net Limited


Company Registration Number
08721925


Report of the Directors and
Unaudited Financial Statements


Period of accounts

Start date 01/01/2016

End date 31/12/2016






















							Page 1

MyKhub.Net Limited

Contents of the Financial Statements
for the Period Ended 31 December 2016


							Page
Company Information							3

Report of the Directors							4

Profit and Loss Account							5

Balance Sheet							6 - 7

Notes to the Financial Statements							8 - 12




























							Page 2

MyKhub.Net Limited

Company Information
for the Period Ended 31 December 2016

Directors	Jason Fahy


Registered office	1 London Street
	Reading
	RG14PN

Company Registration Number	08721925































		Page 3

MyKhub.Net Limited
Directors Report
for the Period Ended 31 December 2016
The directors present their report with the financial statements of the company for the
period ended 31 December 2016
Principal activities
The principal activity of the company in the period under review was
The provision of IT consultancy services
Directors
The director(s) shown below have held office during the whole of the period
Jason Fahy
The director(s) shown below resigned during the period
Stephen Edward Mctighe		on	2016-01-27
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.

This report was approved by the board of directors on				2017-09-09
and signed on behalf of the board by
Name	Jason Fahy
Status	Director





















					Page 4

MyKhub.Net Limited

Profit and Loss Account
for the Period Ended 31 December 2016
		2016	2015
	Notes	£	£

Turnover	2	394,365	169,056
Cost of sales		259,722
		______	______
Gross Profit/(Loss)		134,643	169,056

Distribution costs			6,629
Administrative expenses		289,150	66,259
		______	______
Operating costs		289,150	72,888

Other operating income			516,941
		______	______
Total other operating income/(loss)		0	516,941
		______	______
Operating Profit/(Loss)		(154,507)	613,109
		______	______
Profit/(Loss) on ordinary activities before taxation		(154,507)	613,109

		_______	______
Profit/(Loss) for the financial period after taxation		(154,507)	613,109

The notes form part of these financial statements











			Page 5

MyKhub.Net Limited
Balance Sheet
for the Period Ended 31 December 2016
Company registration number 08721925
		2016	2015
	Notes	£	£
Fixed assets
Tangible fixed assets	3	412
		_______	_______
Total fixed assets		412	0
Current assets
Debtors	4	114,879	102,417
Cash at bank and in hand		56,235	186,853
		_______	_______
Total current assets/(liabilities)		171,114	289,270
Creditors
Creditors - amounts falling
due within one year	5	123,760	86,997
		_______	_______
Net current assets		47,354	202,273
		_______	_______
Total assets less current liabilities		47,766	202,273
		_______	_______
Net assets/(liabilities)		47,766	202,273
Capital and reserves
Called up share capital	6	1,100	1,100
Share premium		173,101	173,101
Profit and loss account	7	(126,435)	28,072
		_____	______
Total shareholders funds		47,766	202,273












			Page 6

MyKhub.Net Limited

Balance Sheet

for the Period Ended 31 December 2016

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The option not to file the profit and loss account has been taken.

For the year ending 31 December 2016 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements were approved by the Board of Directors on

2017-09-09

SIGNED ON BEHALF OF THE BOARD BY

Name

Jason Fahy

The notes form part of these financial statements

Page 7

MyKhub.Net Limited

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.

Turnover

The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

Page 8

MyKhub.Net Limited
Notes to the Financial Statements
for the Period Ended 31 December 2016
2. Turnover	2016	2015
	£	£
United Kingdom	394,365	169,056
	______	______
Total	394,365	169,056






































		Page 9

MyKhub.Net Limited
Notes to the Financial Statements
for the Period Ended 31 December 2016
3. Tangible fixed assets
	Office	Total
	equipment
Cost	£	£
At 1 January 2016
Additions	412	412
	___	___
At 31 December 2016	412	412
Depreciation
At 1 January 2016

At 31 December 2016
Net book value
At 31 December 2016	412	412
At 31 December 2015	0	0



























		Page 10

MyKhub.Net Limited
Notes to the Financial Statements
for the Period Ended 31 December 2016
4. Debtors	2016	2015
Trade debtors	7,800
Other debtors	50,000	61,000
Amounts owed by group undertakings	12,697
Prepayments and accrued income	44,382	41,417
	______	______
Total	114,879	102,417
5. Creditors amounts falling due within one year	2016	2015
Trade creditors	3,600	22,394
Corporation tax	(9,000)
Other taxation and social security	16,679	(3,730)
Accruals and deferred income	111,925	68,333
Other creditors	556
	______	_____
Total	123,760	86,997























		Page 11

MyKhub.Net Limited
Notes to the Financial Statements
for the Period Ended 31 December 2016
6. Share capital		2016	2015
Authorised type	Par value	£	£
Ordinary Shares	1.00	1,100	1,100
		____	____
Total		1,100	1,100
Allotted, called up and paid		£	£
Ordinary Shares		1,100	1,100
		____	____
Total		1,100	1,100
7. Reserves/Retained profit
Retained profit reconciliation		£
Reserves at 1 January 2016		28,072
Profit/(Loss) for year		(154,507)
Dividends paid
		_______
Retained Profit/(Loss) at 31 December 2016		(126,435)













			Page 12