Registered number
11026906
HydroMon Limited
Unaudited Filleted Accounts
31 October 2023
HydroMon Limited
Registered number: 11026906
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 33 23
Creditors: amounts falling due within one year 4 (2,860) (2,547)
Net current liabilities (2,827) (2,524)
Net liabilities (2,827) (2,524)
Capital and reserves
Called up share capital 200 200
Profit and loss account (3,027) (2,724)
Shareholder's funds (2,827) (2,524)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Samantha Jones
Director
Approved by the board on 15 April 2024
HydroMon Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Company closure
The director has decided that they no longer wish to continue trading and intend to close the company down and for this reason the accounts have not been prepared on a going concern basis. The accounts show net liabilities which consist of the Directors loan balance owed back to the Director. They have decided that they will not pursue repayment of this to enable the company to be closed.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 290 190
Other creditors 2,570 2,357
2,860 2,547
5 Related party transactions
None noted
6 Transactions with Director
During the year Samantha Jones, director of HydroMon Limited, used a current account with the company to record amounts due to them and amounts drawn by them. The amount owed to Samantha Jones, and included in other creditors as at 31st October 2023 was £2,570.25 (2022: £2,357.25. The amount is repayable on demand and does not carry interest.
7 Controlling party
Samantha Jones owns 100% of the share capital of HydroMon Limited and is the sole director. She is therefore the company's controlling party.
8 Other information
HydroMon Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
The Old Bank
Beaufort Street
Crickhowell
Powys
NP8 1AD
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