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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
Page
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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
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Hydro SG Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,631 
687 
Tangible assets
58,289 
83,678 
59,920 
84,365 
Current assets
Debtors
37,051 
31,193 
Cash at bank and in hand
16,511 
20,059 
53,562 
51,252 
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)
Net assets
59,737 
57,525 
Capital and reserves
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
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Hydro SG Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Hydro SG Ltd Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2022
699 
Additions
999 
At 31 May 2023
1,698 
Amortisation
At 1 June 2022
12 
Charge for the year
55 
At 31 May 2023
67 
Net book value
At 31 May 2023
1,631 
At 31 May 2022
687 
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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,051 
31,193 
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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 
VAT
10,020 
6,821 
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 
Accruals
1,536 
1,400 
28,482 
55,425 
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 
£ 
£ 
Bank loans
8,722 
16,000 
Obligations under finance leases and hire purchase contracts
16,541 
6,667 
25,263 
22,667 
Long Term loan; CBIL repayment over 5 years from 05/21.
9
Loans to directors
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).
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