REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2022 |
for |
Hydrokit UK Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2022 |
and 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
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 |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 19,996 | 3,253 |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |