Sub-Hydro Ltd 12587438 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the provision of diving services for the construction industry. Digita Accounts Production Advanced 6.30.9574.0 true true 12587438 2022-06-01 2023-05-31 12587438 2023-05-31 12587438 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12587438 core:FurnitureFittingsToolsEquipment 2023-05-31 12587438 bus:SmallEntities 2022-06-01 2023-05-31 12587438 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12587438 bus:FullAccounts 2022-06-01 2023-05-31 12587438 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 12587438 bus:RegisteredOffice 2022-06-01 2023-05-31 12587438 bus:Director1 2022-06-01 2023-05-31 12587438 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12587438 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 12587438 core:PlantMachinery 2022-06-01 2023-05-31 12587438 countries:EnglandWales 2022-06-01 2023-05-31 12587438 2022-05-31 12587438 core:FurnitureFittingsToolsEquipment 2022-05-31 12587438 2021-06-01 2022-05-31 12587438 2022-05-31 12587438 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 12587438 core:FurnitureFittingsToolsEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 12587438

Sub-Hydro Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Sub-Hydro Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Sub-Hydro Ltd

(Registration number: 12587438)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

34,511

Current assets

 

Cash at bank and in hand

 

-

39

Creditors: Amounts falling due within one year

5

(33,145)

(47,774)

Net current liabilities

 

(33,145)

(47,735)

Net liabilities

 

(33,145)

(13,224)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(33,146)

(13,225)

Shareholders' deficit

 

(33,145)

(13,224)

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2024
 

.........................................
I W Newton
Director

 

Sub-Hydro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oakford
Frome Road
Nunney
Frome
Somerset
BA11 4LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sub-Hydro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Sub-Hydro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2022

46,015

46,015

Disposals

(46,015)

(46,015)

At 31 May 2023

-

-

Depreciation

At 1 June 2022

11,504

11,504

Eliminated on disposal

(11,504)

(11,504)

At 31 May 2023

-

-

Net book value

At 31 May 2023

-

-

At 31 May 2022

34,511

34,511

5

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

2,918

-

Accruals and deferred income

1,212

-

Other creditors

29,015

47,774

33,145

47,774