SC219115falsethe supply of electricity to generating boards in England2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC219115

Hydro Energy Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Hydro Energy Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mrs L C Carson
R T Potts
SECRETARY
Mrs L C Carson
REGISTERED OFFICE
Barmagachan House,
Borgue,
Kirkcudbright
DG6 4SW
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC219115
BANKERS
Virgin Money Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Hydro Energy Developments Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hydro Energy Developments Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2110,738120,040
CURRENT ASSETS
Debtors31,6365,574
Current Asset Investments46,4006,400
Cash at bank and in hand398,790157,599
406,826169,573
CREDITORS: Amounts falling due within one year5118,103127,222
NET CURRENT ASSETS288,72342,351
TOTAL ASSETS LESS CURRENT LIABILITIES399,461162,391
CREDITORS: Amounts falling due after more than one year615,467-
NET ASSETS383,994162,391
CAPITAL AND RESERVES
Called up share capital89090
Profit and loss account383,904162,301
SHAREHOLDERS' FUNDS383,994162,391
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/11/2023 and signed on their behalf by
.............................
Mrs L C Carson
Director

Hydro Energy Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Hydro Electric Plantstraight line 5%
Fixtures, Fittings and Computer Equipmentreducing balance 25%
2. TANGIBLE FIXED ASSETS
Hydro ElectricFixtures, Fittings
Plantand Computer EquipmentTotal
£££
Cost
At 01/04/2022327,9697,019334,988
Additions-1,0421,042
Disposals(135,000)-(135,000)
At 31/03/2023192,9698,061201,030
Depreciation
At 01/04/2022209,6715,277214,948
Disposals(135,000)-(135,000)
For the year9,64869610,344
At 31/03/202384,3195,97390,292
Net Book Amounts
At 31/03/2023108,6502,088110,738
At 31/03/2022118,2981,742120,040
3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,6365,574
1,6365,574

Hydro Energy Developments Limited

4. CURRENT ASSET INVESTMENTS
20232022
££
Unquoted shares at cost - SHP Projects Limited5,4005,400
Unquoted shares at cost - Alba Energy Limited1,0001,000
6,4006,400
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax34,8627,689
VAT3,29212,344
Directors current account - L C Carson2,2672,234
Directors current account - R T Potts5,0974,577
Bank Loans (unsecured)5,80027,067
Trade creditors30,93237,858
Other creditors33,65333,653
Accruals2,2001,800
118,103127,222
Other creditors include loans from Northern Energy Developments Limited £33,653. This company is under the control of the directors of Hydro Energy Developments Limited.The loan is unsecured, interest free and repayable on demand.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr15,467-
15,467-
7. EMPLOYEES
20232022
No.No.
Average number of employees33

Hydro Energy Developments Limited

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
90 Ordinary shares of £1 each9090
9090
9. RELATED PARTY TRANSACTIONS
At the balance sheet date £7,364 (2022 - £6,811) was owed by the company to the directors. This loan is interest free, unsecured and repayable on demand.
The directors received total remuneration of £20,357 (2022 - £17,568) during the year.
No dividends were paid during the year (2022 - £Nil)
10. TRANSACTIONS WITH DIRECTORS
At the year end £6,811 (2021 - £6,071)was owed by the company to the directors, this amount is interest free and repayable on demand.
No dividends were paid during the year.
The directors received remuneration of £17,568 (2021 - £17,568) during the year.