IRIS Accounts Production v23.1.5.20 09195462 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure091954622022-03-31091954622023-03-31091954622022-04-012023-03-31091954622021-03-31091954622021-04-012022-03-31091954622022-03-3109195462ns15:PoundSterling2022-04-012023-03-3109195462ns11:Director12022-04-012023-03-3109195462ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109195462ns11:SmallEntities2022-04-012023-03-3109195462ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109195462ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109195462ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109195462ns11:FullAccounts2022-04-012023-03-3109195462ns11:Director32022-04-012023-03-3109195462ns11:Director22022-04-012023-03-3109195462ns11:Director42022-04-012023-03-3109195462ns11:RegisteredOffice2022-04-012023-03-3109195462ns6:CurrentFinancialInstruments2023-03-3109195462ns6:CurrentFinancialInstruments2022-03-3109195462ns6:ShareCapital2023-03-3109195462ns6:ShareCapital2022-03-3109195462ns6:RetainedEarningsAccumulatedLosses2023-03-3109195462ns6:RetainedEarningsAccumulatedLosses2022-03-3109195462ns6:PlantMachinery2022-04-012023-03-3109195462ns6:PlantMachinery2022-03-3109195462ns6:PlantMachinery2023-03-3109195462ns6:PlantMachinery2022-03-3109195462ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109195462ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 09195462















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Moelfre Hydro Limited

Moelfre Hydro Limited (Registered number: 09195462)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Moelfre Hydro Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D R Cooke
Mrs S J Metcalfe
Mr S Metcalfe
Mr C D Cooke





REGISTERED OFFICE: Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 09195462





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Moelfre Hydro Limited (Registered number: 09195462)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,325 69,359

CURRENT ASSETS
Stocks 30,178 26,813
Debtors 5 59,930 63,172
Cash at bank 38,938 33,416
129,046 123,401
CREDITORS
Amounts falling due within one year 6 54,893 82,143
NET CURRENT ASSETS 74,153 41,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,478

110,617

PROVISIONS FOR LIABILITIES 10,892 13,178
NET ASSETS 120,586 97,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 120,486 97,339
SHAREHOLDERS' FUNDS 120,586 97,439

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

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

Moelfre Hydro Limited (Registered number: 09195462)

Balance Sheet - continued
31 March 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 14 November 2023 and were signed on its behalf by:





Mr D R Cooke - Director


Moelfre Hydro Limited (Registered number: 09195462)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Moelfre Hydro Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

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 - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Moelfre Hydro Limited (Registered number: 09195462)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 243,438
Additions 2,297
At 31 March 2023 245,735
DEPRECIATION
At 1 April 2022 174,079
Charge for year 14,331
At 31 March 2023 188,410
NET BOOK VALUE
At 31 March 2023 57,325
At 31 March 2022 69,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,470 9,672
Other debtors 55,460 53,500
59,930 63,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 22,352
Trade creditors 334 919
Taxation and social security 15,424 18,616
Other creditors 39,135 40,256
54,893 82,143

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

The company pays rent to David Cooke (Nantcol) Ltd for use of the pipeline and other equipment. The company also pays rent to Moelfre Property for use of their land.

8. SECURED DEBT

Moelfre Hydro Limited has received a fixed and floating charge over all assets from HSBC Bank PLC.