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REGISTERED NUMBER: 12161623 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HYTRO LIMITED

HYTRO LIMITED (REGISTERED NUMBER: 12161623)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HYTRO LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: P R Harter
R Thiruchelvarajah
W J Bradley





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 12161623 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

HYTRO LIMITED (REGISTERED NUMBER: 12161623)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,212 56,827
Tangible assets 5 1,394 -
67,606 56,827

CURRENT ASSETS
Stocks 53,432 65,854
Debtors 6 144,830 41,013
Cash at bank 17,357 10,063
215,619 116,930
CREDITORS
Amounts falling due within one year 7 192,268 120,060
NET CURRENT ASSETS/(LIABILITIES) 23,351 (3,130 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,957

53,697

CREDITORS
Amounts falling due after more than one
year

8

100,869

27,322
NET (LIABILITIES)/ASSETS (9,912 ) 26,375

CAPITAL AND RESERVES
Called up share capital 12,440 11,147
Share premium 1,192,582 813,748
Retained earnings (1,214,934 ) (798,520 )
SHAREHOLDERS' FUNDS (9,912 ) 26,375

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

HYTRO LIMITED (REGISTERED NUMBER: 12161623)

BALANCE SHEET - continued
31 August 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 25 September 2023 and were signed on its behalf by:





R Thiruchelvarajah - Director


HYTRO LIMITED (REGISTERED NUMBER: 12161623)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Hytro 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

At the year end negative retained earnings totalled £1,214,934 (2022 - £798,520). The Directors have given their assurances that they will continue to financially support the company for the foreseeable future and the financial statements have therefore been prepared on the going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 3 (2022 - 2 ) .

HYTRO LIMITED (REGISTERED NUMBER: 12161623)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022 67,997
Additions 16,950
At 31 August 2023 84,947
AMORTISATION
At 1 September 2022 11,170
Charge for year 7,565
At 31 August 2023 18,735
NET BOOK VALUE
At 31 August 2023 66,212
At 31 August 2022 56,827

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,792
At 31 August 2023 1,792
DEPRECIATION
Charge for year 398
At 31 August 2023 398
NET BOOK VALUE
At 31 August 2023 1,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 58,009 31,108
Other debtors 86,821 9,905
144,830 41,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 27,315 10,648
Trade creditors 5,080 30,238
Taxation and social security 16,918 4,330
Other creditors 142,955 74,844
192,268 120,060

HYTRO LIMITED (REGISTERED NUMBER: 12161623)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 100,869 27,322

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the Company owed the Directors £140,304 (2022 - £70,304). These loans are interest free and repayable on demand.