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REGISTERED NUMBER: 01214919 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

HYDRO MECHANICAL SERVICES LIMITED

HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HYDRO MECHANICAL SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2021







DIRECTOR: N R Bailey





REGISTERED OFFICE: Unit 1 17 Reddicap Trading Est
Sutton Coldfield
West Midlands
B75 7BU





REGISTERED NUMBER: 01214919 (England and Wales)






HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

ABRIDGED BALANCE SHEET
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,937 55,451
Investments 5 104 104
47,041 55,555

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 2,142,452 445,772
Cash at bank and in hand 555,045 1,736,532
2,702,497 2,187,304
CREDITORS
Amounts falling due within one year 448,976 529,211
NET CURRENT ASSETS 2,253,521 1,658,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,300,562

1,713,648

CREDITORS
Amounts falling due after more than one
year

(228,385

)

(6,716

)

PROVISIONS FOR LIABILITIES (8,898 ) (10,536 )
NET ASSETS 2,063,279 1,696,396

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 2,063,259 1,696,376
SHAREHOLDERS' FUNDS 2,063,279 1,696,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

ABRIDGED BALANCE SHEET - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 September 2022 and were signed by:





N R Bailey - Director


HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2021

1. STATUTORY INFORMATION

Hydro Mechanical Services Limited 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Contract revenue recognition

Contract revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to the reporting date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable that they will be recovered.

Where it is probable that total costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fittings and equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Other tangible assets - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2020 - 14 ) .

HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020
and 30 November 2021 140,141
DEPRECIATION
At 1 December 2020 84,690
Charge for year 8,514
At 30 November 2021 93,204
NET BOOK VALUE
At 30 November 2021 46,937
At 30 November 2020 55,451

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 December 2020
and 30 November 2021 104
NET BOOK VALUE
At 30 November 2021 104
At 30 November 2020 104

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Amounts owed by group undertakings 1,708,949 -

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2021 2020
£    £   
Net obligations repayable:
Within one year 3,663 3,663
Between one and five years 3,385 6,716
7,048 10,379

HYDRO MECHANICAL SERVICES LIMITED (REGISTERED NUMBER: 01214919)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

7. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2021 2020
£    £   
Within one year 14,500 14,500
Between one and five years 43,500 58,000
58,000 72,500

8. SECURED DEBTS

The bank lending facility has been secured by fixed and floating charges over the property and any undertaking of the company.

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
NIL - -
200,000 Ordinary B shares 0.000 1 20 20
20 20

10. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.