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REGISTERED NUMBER: 05987506 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Hydroline (Wales) Limited

Hydroline (Wales) Limited (Registered number: 05987506)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hydroline (Wales) Limited

Company Information
for the Year Ended 28 February 2023







Director: G R Williams





Secretary: G R Williams





Registered office: 19 Maesteg Road
Cwmfelin
Maesteg
Bridgend
CF34 9LD





Registered number: 05987506 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

Hydroline (Wales) Limited (Registered number: 05987506)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 65,432 72,485

Current assets
Debtors 5 58,694 70,652
Cash at bank and in hand 40,263 59,779
98,957 130,431
Creditors
Amounts falling due within one year 6 45,305 51,079
Net current assets 53,652 79,352
Total assets less current liabilities 119,084 151,837

Creditors
Amounts falling due after more than one year 7 (24,022 ) (32,188 )

Provisions for liabilities (3,735 ) (4,825 )

Accruals and deferred income (223 ) (356 )
Net assets 91,104 114,468

Capital and reserves
Called up share capital 30,000 30,000
Retained earnings 8 61,104 84,468
Shareholders' funds 91,104 114,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Hydroline (Wales) Limited (Registered number: 05987506)

Balance Sheet - continued
28 February 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 director and authorised for issue on 28 November 2023 and were signed by:





G R Williams - Director


Hydroline (Wales) Limited (Registered number: 05987506)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. Statutory information

Hydroline (Wales) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Hydroline (Wales) Limited (Registered number: 05987506)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 March 2022 43,347 188,219 20,234 21,058 272,858
Additions - - 309 - 309
At 28 February 2023 43,347 188,219 20,543 21,058 273,167
Depreciation
At 1 March 2022 - 175,487 18,141 6,745 200,373
Charge for year - 3,183 600 3,579 7,362
At 28 February 2023 - 178,670 18,741 10,324 207,735
Net book value
At 28 February 2023 43,347 9,549 1,802 10,734 65,432
At 28 February 2022 43,347 12,732 2,093 14,313 72,485

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 March 2022
and 28 February 2023 21,058
Depreciation
At 1 March 2022 6,745
Charge for year 3,579
At 28 February 2023 10,324
Net book value
At 28 February 2023 10,734
At 28 February 2022 14,313

Hydroline (Wales) Limited (Registered number: 05987506)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. Debtors: amounts falling due within one year
28.2.23 28.2.22
£    £   
Trade debtors 56,907 70,652
Other debtors 1,787 -
58,694 70,652

6. Creditors: amounts falling due within one year
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,833 5,833
Hire purchase contracts 3,472 3,472
Trade creditors 22,462 14,349
Taxation and social security 3,057 18,037
Other creditors 10,481 9,388
45,305 51,079

7. Creditors: amounts falling due after more than one year
28.2.23 28.2.22
£    £   
Bank loans 18,958 24,792
Hire purchase contracts 5,064 7,396
24,022 32,188

8. Reserves
Retained
earnings
£   

At 1 March 2022 84,468
Profit for the year 7,836
Dividends (31,200 )
At 28 February 2023 61,104