Page 22 - Annual Report 2022 / 2023

Financial Statement
hub South West Scotland Limited Group
The following information is extracted from
the Annual Report and Consolidated Financial Statements for the year ended 31 December 2022. The Group financial statements consolidate the financial statements of hub South West Scotland Limited and its subsidiaries: Hub SW NHSL Holdco Limited ad Hub SW NHSL Sub Hub Co Limited.
Profit & Loss Account
Turnover
Cost of Sales
Gross Profit
Admin Expenses
Net Interest Receivable/(Payable)
Profit Before Tax
Taxation
Profit for the Year
Other Comprehensive Income for the Year
Cash Flow Hedge
Total Comprehensive Income for the Year
Balance Sheet
Total Assets
Current Liabilities
Total Assets less Current Liabilities
Long Term Liabilities
Provision for liabilities (Deferred Tax)
Provision for liabilities (Lifecycle)
Net Assets/(Liabilities)
The Group generated a profit after tax of £309k (2021: £151k, 2020: £377k (restated), 2019: £489k, 2018: £233k, 2017: £350k).
The Directors recommend that no dividend is declared.
The Directors are satisfied with the financial position and outlook for the Group.
2022
hub South West Scotland Limited Group
131,698,407
(131,101,957)
596,450
(569,932)
558,349
584,867
(275,858)
309,009 -
309,009 58,440,232
(22,506,064)
35,934,168
(31,647,555)
(1,369,547)
(667,627)
2,249,439
2021
hub South West Scotland Limited Group
104,559,191
(103,961,918)
597,273
(440,099)
539,287
696,461
(545,286)
151,175 -
151,175 53,568,064
(17,440,475)
36,127,589
(32,309,741)
(1,306,492)
(570,926)
1,940,430
20
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