Company Registration No. 11385729 (England and Wales)
Hydro SG Ltd
Unaudited accounts
for the year ended 31 May 2023
Hydro SG Ltd
Unaudited accounts
Contents
Hydro SG Ltd
Company Information
for the year ended 31 May 2023
Directors
Ashley James Chappell
Caroline Ruth Chappell
Company Number
11385729 (England and Wales)
Registered Office
10 Birch Grove
Honeybourne
Evesham
Worcestershire
WR11 7AF
England
Hydro SG Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
1,631
687
Tangible assets
58,289
83,678
Cash at bank and in hand
16,511
20,059
Creditors: amounts falling due within one year
(28,482)
(55,425)
Net current assets/(liabilities)
25,080
(4,173)
Total assets less current liabilities
85,000
80,192
Creditors: amounts falling due after more than one year
(25,263)
(22,667)
Called up share capital
100
100
Profit and loss account
59,637
57,425
Shareholders' funds
59,737
57,525
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
Ashley James Chappell
Director
Company Registration No. 11385729
Hydro SG Ltd
Notes to the Accounts
for the year ended 31 May 2023
Hydro SG Ltd is a private company, limited by shares, registered in England and Wales, registration number 11385729. The registered office is 10 Birch Grove, Honeybourne, Evesham, Worcestershire, WR11 7AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%/33% on cost (dependent on machinery)
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Hydro SG Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2022
7,160
63,786
51,757
-
9,051
131,754
Additions
-
9,088
1,833
2,404
670
13,995
Revaluations
-
-
(2,000)
-
-
(2,000)
At 31 May 2023
7,160
72,874
51,590
2,404
9,721
143,749
At 1 June 2022
197
32,689
12,323
-
2,867
48,076
Charge for the year
358
22,736
11,510
245
3,077
37,926
Surplus on revaluation
-
-
(542)
-
-
(542)
At 31 May 2023
555
55,425
23,291
245
5,944
85,460
At 31 May 2023
6,605
17,449
28,299
2,159
3,777
58,289
At 31 May 2022
6,963
31,097
39,434
-
6,184
83,678
Amounts falling due within one year
Trade debtors
37,051
31,193
Hydro SG Ltd
Notes to the Accounts
for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,759
3,741
Obligations under finance leases and hire purchase contracts
3,333
3,333
Trade creditors
3,908
21,926
Taxes and social security
20,824
8,771
Other creditors
7,713
9,255
Loans from directors
(26,611)
178
Included in Taxes and social security is corporation tax payable of £23.8k (21/22 £7.8k).
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,541
6,667
Long Term loan; CBIL repayment over 5 years from 05/21.
Included in creditors is an amount totalling £26.6k owed from the directors (21/22 £178).
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).