Silverfin false 31/05/2023 01/06/2022 31/05/2023 Kieron Paul Hanson 28/10/2016 Audrey Jones 15/09/2020 22 January 2024 The principal activity of the Company during the financial year was that of specialist hydro-power design and consultancy services. 10451248 2023-05-31 10451248 bus:Director1 2023-05-31 10451248 bus:Director2 2023-05-31 10451248 2022-05-31 10451248 core:CurrentFinancialInstruments 2023-05-31 10451248 core:CurrentFinancialInstruments 2022-05-31 10451248 core:ShareCapital 2023-05-31 10451248 core:ShareCapital 2022-05-31 10451248 core:RetainedEarningsAccumulatedLosses 2023-05-31 10451248 core:RetainedEarningsAccumulatedLosses 2022-05-31 10451248 core:PlantMachinery 2022-05-31 10451248 core:OfficeEquipment 2022-05-31 10451248 core:PlantMachinery 2023-05-31 10451248 core:OfficeEquipment 2023-05-31 10451248 core:CostValuation 2022-05-31 10451248 core:CostValuation 2023-05-31 10451248 core:ProvisionsForImpairmentInvestments 2022-05-31 10451248 core:ProvisionsForImpairmentInvestments 2023-05-31 10451248 2022-06-01 2023-05-31 10451248 bus:FullAccounts 2022-06-01 2023-05-31 10451248 bus:SmallEntities 2022-06-01 2023-05-31 10451248 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10451248 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10451248 bus:Director1 2022-06-01 2023-05-31 10451248 bus:Director2 2022-06-01 2023-05-31 10451248 core:PlantMachinery 2022-06-01 2023-05-31 10451248 core:OfficeEquipment 2022-06-01 2023-05-31 10451248 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure

Company No: 10451248 (England and Wales)

HYDROPLAN OPERATIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

HYDROPLAN OPERATIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

HYDROPLAN OPERATIONS LIMITED

BALANCE SHEET

As at 31 May 2023
HYDROPLAN OPERATIONS LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,617 7,031
Investments 4 10,500 10,500
16,117 17,531
Current assets
Stocks 5 40,000 40,000
Debtors 6 130,986 ( 96,613)
Cash at bank and in hand 195,471 405,741
366,457 349,128
Creditors: amounts falling due within one year 7 ( 187,865) ( 142,344)
Net current assets 178,592 206,784
Total assets less current liabilities 194,709 224,315
Net assets 194,709 224,315
Capital and reserves
Called-up share capital 1 1
Profit and loss account 194,708 224,314
Total shareholder's funds 194,709 224,315

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hydroplan Operations Limited (registered number: 10451248) were approved and authorised for issue by the Board of Directors on 22 January 2024. They were signed on its behalf by:

Kieron Paul Hanson
Director
HYDROPLAN OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
HYDROPLAN OPERATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hydroplan Operations Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 12 Riverside Park, Station Road, Wimborne, BH21 1QU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 June 2022 17,143 3,950 21,093
Additions 369 0 369
At 31 May 2023 17,512 3,950 21,462
Accumulated depreciation
At 01 June 2022 11,085 2,977 14,062
Charge for the financial year 1,540 243 1,783
At 31 May 2023 12,625 3,220 15,845
Net book value
At 31 May 2023 4,887 730 5,617
At 31 May 2022 6,058 973 7,031

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 June 2022 10,500 10,500
At 31 May 2023 10,500 10,500
Provisions for impairment
At 01 June 2022 0 0
At 31 May 2023 0 0
Carrying value at 31 May 2023 10,500 10,500
Carrying value at 31 May 2022 10,500 10,500

5. Stocks

2023 2022
£ £
Work in progress 40,000 40,000

6. Debtors

2023 2022
£ £
Trade debtors 128,753 234,948
Amounts owed by Group undertakings 0 ( 316,821)
Corporation tax 0 ( 17,037)
Other debtors 2,233 2,297
130,986 ( 96,613)

7. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 31,354 106,482
Amounts owed to Group undertakings 155,154 0
Other taxation and social security 0 23,089
Other creditors 1,357 12,773
187,865 142,344