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REGISTERED NUMBER: 10636569 (England and Wales)















HYDMEC LTD

Unaudited Financial Statements For The Year Ended 28 February 2022






HYDMEC LTD (REGISTERED NUMBER: 10636569)






Contents of the Financial Statements
For The Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

HYDMEC LTD

Company Information
For The Year Ended 28 February 2022







DIRECTOR: I C Dodson





SECRETARY: Mrs J Dodson





REGISTERED OFFICE: 1 St Lucia Close
Whitley Bay
Tyne and Wear
NE26 3HT





REGISTERED NUMBER: 10636569 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,425 4,457

CURRENT ASSETS
Debtors 5 20,378 516
Cash at bank 7,342 10,722
27,720 11,238
CREDITORS
Amounts falling due within one year 6 31,800 16,757
NET CURRENT LIABILITIES (4,080 ) (5,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345

(1,062

)

PROVISIONS FOR LIABILITIES 8 1,031 847
NET ASSETS/(LIABILITIES) 314 (1,909 )

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 308 (1,915 )
SHAREHOLDERS' FUNDS 314 (1,909 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2022 and were signed by:




I C Dodson - Director


HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements
For The Year Ended 28 February 2022

1. STATUTORY INFORMATION

Hydmec 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2021 929 1,486 3,765 6,180
Additions 847 68 2,927 3,842
Disposals (374 ) - (1,750 ) (2,124 )
At 28 February 2022 1,402 1,554 4,942 7,898
DEPRECIATION
At 1 March 2021 264 378 1,081 1,723
Charge for year 226 177 1,122 1,525
Eliminated on disposal (145 ) - (630 ) (775 )
At 28 February 2022 345 555 1,573 2,473
NET BOOK VALUE
At 28 February 2022 1,057 999 3,369 5,425
At 28 February 2021 665 1,108 2,684 4,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,361 -
Other debtors 17 516
20,378 516

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 8,217 2,952
Taxation and social security 4,010 5,095
Other creditors 19,573 8,710
31,800 16,757

Included in other creditors are amounts owed to the Directors, this year they were owed £18,117 (£7,295 - 2021) the balance being accruals.

7. FINANCIAL INSTRUMENTS

Trade creditors are shown at their carrying value.

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 1,031 847

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2021 847
Provided during year 184
Balance at 28 February 2022 1,031

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 A Ordinary 1 1 1
5 B Ordinary 1 5 5
6 6

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

HYDMEC LTD

Report of the Accountants to the Director of
Hydmec Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2022 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


28 July 2022