Page 43 - HUB South East Annual Report 2020-21
P. 43
Results
abStract oF accountS
the information below is extracted from the audited nancial statements for the year to 31 March 2021. the company has reported a loss for the year of £1,260.
the company has net liabilities of £136k at the end of the year - mainly arising from timing of fee income recognition. current liabilities at the year end included £507k of deferred income in respect of fees received on projects on which work is underway but have not yet met the revenue recognition criteria.
the directors do not recommend payment of a dividend in respect of the year. a summary of the nancial performance is as follows:
year ended 31 March 2020
pro t & loss Account £000s turnover 13,143
year ended 31 March 2021
£000s
50,944
(49,568) 1,376 (1,377) 0 (1) 0 (1)
as at 31 March 2021 £000s 13,577 (12,816) 761 (897) (136)
cost of Sales
Gross Pro t
administration Expenses
net interest receivable/(payable) loss for year before tax corporation tax
Retained pro t for year
balance sheet
total assets
current liabilities
total assets less current liabilities long term liabilities
net liabilities
(12,108) 1,035 (1,666) 1 (630) 34 (596)
as at 31 March 2020 £000s 4,735 (4,870) (135) - (135)
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