Registered number: SC219115 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
Mrs L C Carson | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Current Asset Investments | 4 | |||||||||
Cash at bank and in hand | ||||||||||
406,826 | 169,573 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 42,351 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 15,467 | - | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 383,904 | 162,301 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Hydro Electric Plant | straight line 5% | |||||||
Fixtures, Fittings and Computer Equipment | reducing balance 25% |
2. TANGIBLE FIXED ASSETS | ||||||
Hydro Electric | Fixtures, Fittings | |||||
Plant | and Computer Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2022 | 327,969 | 7,019 | 334,988 | |||
Additions | - | 1,042 | 1,042 | |||
Disposals | (135,000) | - | (135,000) | |||
At 31/03/2023 | 192,969 | 8,061 | 201,030 | |||
Depreciation | ||||||
At 01/04/2022 | 209,671 | 5,277 | 214,948 | |||
Disposals | (135,000) | - | (135,000) | |||
For the year | 9,648 | 696 | 10,344 | |||
At 31/03/2023 | 84,319 | 5,973 | 90,292 | |||
Net Book Amounts | ||||||
At 31/03/2023 | 108,650 | 2,088 | 110,738 | |||
At 31/03/2022 | 118,298 | 1,742 | 120,040 | |||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,636 | 5,574 | ||||||
1,636 | 5,574 | |||||||
Hydro Energy Developments Limited | ||||||||
4. CURRENT ASSET INVESTMENTS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Unquoted shares at cost - SHP Projects Limited | 5,400 | 5,400 | ||||||
Unquoted shares at cost - Alba Energy Limited | 1,000 | 1,000 | ||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 34,862 | 7,689 | ||||||
VAT | 3,292 | 12,344 | ||||||
Directors current account - L C Carson | 2,267 | 2,234 | ||||||
Directors current account - R T Potts | 5,097 | 4,577 | ||||||
Bank Loans (unsecured) | 5,800 | 27,067 | ||||||
Trade creditors | 30,932 | 37,858 | ||||||
Other creditors | 33,653 | 33,653 | ||||||
Accruals | 2,200 | 1,800 | ||||||
118,103 | 127,222 | |||||||
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 | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 15,467 | - | ||||||
15,467 | - | |||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
Hydro Energy Developments Limited | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
90 | 90 | |||||||
90 | 90 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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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. |