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REGISTERED NUMBER: 05406420 (England and Wales)










Financial Statements

for the Year Ended 31 December 2022

for

Hydrokit UK Limited

Hydrokit UK Limited (Registered number: 05406420)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hydrokit UK Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr G Guichon
Ms S Renner





SECRETARY: Mr J Grasset





REGISTERED OFFICE: Units 12 & 13
Yew Tree Courtyard
Earl Soham
Woodbridge
Suffolk
IP13 7SG





REGISTERED NUMBER: 05406420 (England and Wales)





AUDITORS: SB Audit LLP
Chartered Accountants and Statutory Auditor
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG

Hydrokit UK Limited (Registered number: 05406420)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,942 21,893

CURRENT ASSETS
Debtors 5 106,927 32,353
Cash at bank and in hand 74,493 30,658
181,420 63,011
CREDITORS
Amounts falling due within one year 6 485,693 330,432
NET CURRENT LIABILITIES (304,273 ) (267,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(290,331

)

(245,528

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (291,331 ) (246,528 )
SHAREHOLDERS' FUNDS (290,331 ) (245,528 )

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 28 September 2023 and were signed on its behalf by:





Ms S Renner - Director


Hydrokit UK Limited (Registered number: 05406420)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Hydrokit UK 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.

After making enquires, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least 12 months from the date these financial statements were approved. This is due to the ongoing support of the parent company.

The company benefits from the support of its parent, Hydrokit SAS, for the reimbursement of its trading expenditure and operating overheads incurred in delivering services to its customers. The directors have assessed the ability of Hydrokit SAS to provide financial support and obtained confirmation from the parent company that it is committed to support the activities of Hydrokit UK Limited and will continue to provide sufficient funds, as part of that support, to enable the company to continue to trade and meet its liabilities as they fall due for at least 12 months from the date of signing the financial statements. Furthermore Hydrokit SAS has confirmed that it will not demand repayment from the company of the loan balance for the foreseeable future.

Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in respect of marketing services provided to its parent company, provided on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


Hydrokit UK Limited (Registered number: 05406420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

The company has an unrecognised deferred tax asset of approximately £54,000 (2021: £46,000) in respect of carried forward accumulated tax losses of £283,000 (2020: £245,000). No deferred tax asset has been recognised due to uncertainty over the timing or extent of future profits to which these losses relate

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.

Operating leases
Rentals paid under operating leases are charged to the profit and loss account.

Borrowing costs
All borrowing costs are recognised in the profit and loss account in the year in which they are incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022
and 31 December 2022 4,780 25,735 1,858 32,373
DEPRECIATION
At 1 January 2022 2,863 6,073 1,544 10,480
Charge for year 478 7,397 76 7,951
At 31 December 2022 3,341 13,470 1,620 18,431
NET BOOK VALUE
At 31 December 2022 1,439 12,265 238 13,942
At 31 December 2021 1,917 19,662 314 21,893

Hydrokit UK Limited (Registered number: 05406420)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 102,084 25,401
Other debtors 600 600
Prepayments 4,243 6,352
106,927 32,353

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,623 1,954
Amounts owed to group undertakings 451,543 313,559
Social security and other taxes 4,806 4,941
VAT 19,996 3,253
Accrued expenses 7,725 6,725
485,693 330,432

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Burgess (Senior Statutory Auditor)
for and on behalf of SB Audit LLP

8. ULTIMATE CONTROLLING PARTY

The controlling party is Hydrokit SAS.

The immediate and ultimate parent undertaking is Hydrokit SAS, a company registered in France.

The smallest and largest group in which the results of the company are included is that headed by Hydrokit SAS. Consolidated financial statements of Hydrokit SAS are publicly available from 19 Rue du Bocage, La Ribotiere - BP 18 85170, Le Poire-sur-vie, France.