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REGISTERED NUMBER: 10278872 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

HYDRO APP SYSTEMS LTD

HYDRO APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HYDRO APP SYSTEMS LTD

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: O C Brown
J J Tyers





REGISTERED OFFICE: 42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 10278872 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

HYDRO APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,327 146,430

CURRENT ASSETS
Stocks 209,078 106,000
Debtors 5 244,981 46,770
Cash at bank 28,584 47,961
482,643 200,731
CREDITORS
Amounts falling due within one year 6 278,095 65,786
NET CURRENT ASSETS 204,548 134,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,875

281,375

CREDITORS
Amounts falling due after more than one
year

7

(132,499

)

(125,457

)

PROVISIONS FOR LIABILITIES (41,069 ) (9,803 )
NET ASSETS 259,307 146,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 259,207 146,015
259,307 146,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)

BALANCE SHEET - continued
31st March 2023


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 Board of Directors and authorised for issue on 11th October 2023 and were signed on its behalf by:





J J Tyers - Director


HYDRO APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Hydro App Systems 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.

Preparation of consolidated financial statements
The financial statements contain information about Hydro App Systems Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% on cost, 33% on cost, 25% on cost, 20% on cost and 12.5% on cost

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

HYDRO APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 187,125
Additions 134,963
Disposals (12,329 )
At 31st March 2023 309,759
DEPRECIATION
At 1st April 2022 40,695
Charge for year 42,105
Eliminated on disposal (1,368 )
At 31st March 2023 81,432
NET BOOK VALUE
At 31st March 2023 228,327
At 31st March 2022 146,430

Assets with the net book value of £166,896 (2022 : £128,881) are held under hire purchase or finance lease arrangements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 199,813 14,232
Amounts owed by group undertakings 12,038 11,475
Other debtors 33,130 21,063
244,981 46,770

HYDRO APP SYSTEMS LTD (REGISTERED NUMBER: 10278872)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,883 9,660
Hire purchase contracts 36,140 19,505
Trade creditors 94,318 28,000
Tax 22,545 4,096
Social security and other taxes 34,669 -
Other creditors 29,512 1,477
Directors' current accounts 40,500 -
Accruals and deferred income 10,528 3,048
278,095 65,786

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,524 32,435
Hire purchase contracts 109,975 93,022
132,499 125,457

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 146,115 112,527

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £67,000 were paid to the directors .

Balances due to participators of the company at the year end totalled £63,500. Interest is payable on these balances at 6% per annum.

A balance was owed by the company's subsidiary of £12,037 (2022 : £11,475).