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Company Registration No. 11164069 (England and Wales)
HIBRID SOLUTIONS LTD Unaudited accounts for the year ended 31 July 2023
HIBRID SOLUTIONS LTD Unaudited accounts Contents
Page
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HIBRID SOLUTIONS LTD Company Information for the year ended 31 July 2023
Director
Mr V Sharma
Company Number
11164069 (England and Wales)
Registered Office
Unit B Endeavour Park London Road Addington West Malling Kent ME19 5SH England
Accountants
Harrison Bernstein Ltd 10 Harmer Street Gravesend Kent DA12 2AX
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HIBRID SOLUTIONS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,500 
12,000 
Tangible assets
168,448 
148,060 
178,948 
160,060 
Current assets
Debtors
200,831 
239,465 
Cash at bank and in hand
42,232 
(52,569)
243,063 
186,896 
Creditors: amounts falling due within one year
(596,833)
(423,897)
Net current liabilities
(353,770)
(237,001)
Total assets less current liabilities
(174,822)
(76,941)
Creditors: amounts falling due after more than one year
- 
(1,991)
Net liabilities
(174,822)
(78,932)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(174,922)
(79,032)
Shareholders' funds
(174,822)
(78,932)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr V Sharma Director Company Registration No. 11164069
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HIBRID SOLUTIONS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
HIBRID SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11164069. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, 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%
Fixtures & fittings
20 %
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 20 % Depreciation - Straight Line over 10 years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
15,000 
At 31 July 2023
15,000 
Amortisation
At 1 August 2022
3,000 
Charge for the year
1,500 
At 31 July 2023
4,500 
Net book value
At 31 July 2023
10,500 
At 31 July 2022
12,000 
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HIBRID SOLUTIONS LTD Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
246,399 
Additions
50,000 
At 31 July 2023
296,399 
Depreciation
At 1 August 2022
98,339 
Charge for the year
29,612 
At 31 July 2023
127,951 
Net book value
At 31 July 2023
168,448 
At 31 July 2022
148,060 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,581 
5,804 
Amounts due from group undertakings etc.
176,147 
233,661 
Accrued income and prepayments
7,839 
- 
Other debtors
3,264 
- 
200,831 
239,465 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
45,239 
48,261 
Amounts owed to group undertakings and other participating interests
511,750 
329,055 
Taxes and social security
18,190 
26,817 
Other creditors
17,154 
15,264 
Accruals
4,500 
4,500 
596,833 
423,897 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
1,991 
9
Controlling party
The company is controlled by RSGD (Lancaster) Ltd which is registered in England.
10
Average number of employees
During the year the average number of employees was 15 (2022: 21).
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