Company Registration Number SC645183 (Scotland)
Kinetic Hydro Limited
Unaudited financial statements
for the year ended 31 March 2023
Pages for filing with Registrar
Kinetic Hydro Limited
Balance sheet
as at 31 March 2023
- 1 -
2023
2022
as restated
£
£
£
£
Fixed assets
778
Current assets
39,383
94,441
Creditors: amounts falling due within one year
(6,922)
(27,505)
Net current assets
32,461
66,936
Total assets less current liabilities
33,239
66,936
Creditors: amounts falling due after more than one year
(60,000)
(60,000)
Net (liabilities)/assets
(26,761)
6,936
Capital and reserves
(26,761)
6,936
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
2
Related Party Transactions
Blue Marble Engineering Ltd
A company with a common director.
Included within creditors at the year-end is £30,000 (2022: £30,000) due to Blue Marble Engineering Ltd. The loan has no fixed interest terms and is repayable on 3 April 2025.
Pelagic Innovation Ltd.
A company with a common director.
Included within creditors at the year-end is £30,000 (2022: £30,000) due to Pelagic Innovation Ltd. The loan has no fixed interest terms and is repayable on 3 April 2025.
Kinetic Hydro Limited
Balance sheet (continued)
as at 31 March 2023
- 2 -
Kinetic Hydro Limited is a private company limited by shares incorporated in Scotland. The registered office is 16 a Glenorchy Terrace, Edinburgh, EH9 2DQ.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 October 2023 and are signed on its behalf by:
D Naylor
Director
Company Registration Number SC645183