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REGISTERED NUMBER: 10731241 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Hydroxyl Technologies Limited

Hydroxyl Technologies Limited (Registered number: 10731241)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hydroxyl Technologies Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr A Mole
Dr M J Wyatt
Mrs L Baldry





REGISTERED OFFICE: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





REGISTERED NUMBER: 10731241 (England and Wales)





ACCOUNTANTS: Haines Watts (Berkhamsted) Limited
Chartered Accountants
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF

Hydroxyl Technologies Limited (Registered number: 10731241)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 148,411 100,167
Tangible assets 5 440 517
148,851 100,684

CURRENT ASSETS
Debtors 6 41,953 6,341
Cash at bank 40,991 10,297
82,944 16,638
CREDITORS
Amounts falling due within one year 7 486,995 324,372
NET CURRENT LIABILITIES (404,051 ) (307,734 )
TOTAL ASSETS LESS CURRENT LIABILITIES (255,200 ) (207,050 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (255,300 ) (207,150 )
(255,200 ) (207,050 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hydroxyl Technologies Limited (Registered number: 10731241)

Balance Sheet - continued
30 April 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 9 November 2023 and were signed on its behalf by:





Mrs L Baldry - Director


Hydroxyl Technologies Limited (Registered number: 10731241)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Hydroxyl Technologies 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.

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 three years.

Development costs are being amortised evenly over their estimated useful life of three years.

Website development cost is being amortised evenly over its estimated useful life of five years.

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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hydroxyl Technologies Limited (Registered number: 10731241)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Going concern
In preparing the accounts and reviewing the company's net current liability position of £255,200 (2022: £207,050) the directors have considered going concern and that the company will continue to trade for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 272,358
Additions 131,964
Disposals (10,352 )
At 30 April 2023 393,970
AMORTISATION
At 1 May 2022 172,191
Charge for year 73,368
At 30 April 2023 245,559
NET BOOK VALUE
At 30 April 2023 148,411
At 30 April 2022 100,167

Hydroxyl Technologies Limited (Registered number: 10731241)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 1,550
Additions 660
At 30 April 2023 2,210
DEPRECIATION
At 1 May 2022 1,033
Charge for year 737
At 30 April 2023 1,770
NET BOOK VALUE
At 30 April 2023 440
At 30 April 2022 517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 41,953 6,341

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 32,762 5,199
Other creditors 454,233 319,173
486,995 324,372