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REGISTERED NUMBER: 08540592 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

HYDENLYNE LIMITED

HYDENLYNE LIMITED (REGISTERED NUMBER: 08540592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Balance sheet 1

Notes to the financial statements 2


HYDENLYNE LIMITED (REGISTERED NUMBER: 08540592)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 45,787 16,483

Current assets
Debtors 5 926,925 1,047,526
Cash at bank 148,152 43,119
1,075,077 1,090,645
Creditors
Amounts falling due within one year 6 296,751 331,435
Net current assets 778,326 759,210
Total assets less current liabilities 824,113 775,693

Provisions for liabilities 8 11,447 4,121
Net assets 812,666 771,572

Capital and reserves
Called up share capital 9 102 102
Retained earnings 812,564 771,470
Shareholders' funds 812,666 771,572

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

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

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Mr N Taylor - Director


HYDENLYNE LIMITED (REGISTERED NUMBER: 08540592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. Statutory information

Hydenlyne Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08540592. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Old Dairy Cottage, Long Lane, Wimborne, Dorset, BH21 7AQ.

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 represents amounts receivable in respect of the sale of services net of VAT and is recognised when the service has been performed in accordance with the terms of the contractual arrangement.

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 - 20% on reducing balance
Fixtures and fittings - 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

HYDENLYNE LIMITED (REGISTERED NUMBER: 08540592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 3 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 June 2022 3,200 5,731 21,000 15,464 45,395
Additions 10,926 29,506 - 5,048 45,480
Disposals (550 ) - - - (550 )
At 31 May 2023 13,576 35,237 21,000 20,512 90,325
Depreciation
At 1 June 2022 2,320 3,837 9,188 13,567 28,912
Charge for year 2,316 7,850 2,953 2,832 15,951
Eliminated on disposal (325 ) - - - (325 )
At 31 May 2023 4,311 11,687 12,141 16,399 44,538
Net book value
At 31 May 2023 9,265 23,550 8,859 4,113 45,787
At 31 May 2022 880 1,894 11,812 1,897 16,483

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 898,313 1,034,665
Other debtors 84 5,490
VAT - 3,498
Prepayments and accrued income 28,528 3,873
926,925 1,047,526

HYDENLYNE LIMITED (REGISTERED NUMBER: 08540592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 184,868 165,795
Tax 79,469 70,580
Social security and other taxes 4,599 761
Pension 350 225
VAT 5,767 -
Other creditors 16,541 29,522
Directors' current accounts 615 60,694
Accruals and deferred income 4,542 3,858
296,751 331,435

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 7,200

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 11,447 4,121

Deferred
tax
£   
Balance at 1 June 2022 4,121
Charge to Income statement during year 7,326
Balance at 31 May 2023 11,447

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
102 102

10. Ultimate controlling party

The company is controlled by the director, Mr N A Taylor, by virtue of his 51% holding in the voting share capital.