Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC421282 Professor Angus Jamieson Ms Sandra Campbell Ms Sandra Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC421282 2022-10-31 SC421282 2023-10-31 SC421282 2022-11-01 2023-10-31 SC421282 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 SC421282 frs-core:OtherResidualIntangibleAssets 2023-10-31 SC421282 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 SC421282 frs-core:OtherResidualIntangibleAssets 2022-10-31 SC421282 frs-core:ShareCapital 2023-10-31 SC421282 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC421282 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC421282 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC421282 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC421282 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC421282 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC421282 frs-bus:Director1 2022-11-01 2023-10-31 SC421282 frs-bus:Director2 2022-11-01 2023-10-31 SC421282 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 SC421282 frs-countries:Scotland 2022-11-01 2023-10-31 SC421282 2021-10-31 SC421282 2022-10-31 SC421282 2021-11-01 2022-10-31 SC421282 frs-core:ShareCapital 2022-10-31 SC421282 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC421282
Hydrousel Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC421282
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,483 7,172
5,483 7,172
CURRENT ASSETS
Cash at bank and in hand 472 328
472 328
Creditors: Amounts Falling Due Within One Year 5 (66,876 ) (66,129 )
NET CURRENT ASSETS (LIABILITIES) (66,404 ) (65,801 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,921 ) (58,629 )
NET LIABILITIES (60,921 ) (58,629 )
CAPITAL AND RESERVES
Called up share capital 6 110 110
Profit and Loss Account (61,031 ) (58,739 )
SHAREHOLDERS' FUNDS (60,921) (58,629)
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Professor Angus Jamieson
Director
Ms Sandra Campbell
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hydrousel Limited is a private company, limited by shares, incorporated in Scotland, registered number SC421282 . The registered office is 17 Crown Drive, Inverness, IV2 3NN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company has recorded a loss in the financial period and has net liabilities of £60,921 at the year end.  It is recognised that the ability of the company to continue as a going concern is dependent on the ongoing financial support of the directors.  The directors are confident that the funds will be made available to allow the company to meet its liabilities as they fall due and that the amounts due to Directors of £66,418 at 31 October 2023 will not be recalled within 12 months from the date of approval of these financial statements and will not be repaid until all third party creditors have been met.  For this reason, the directors continue to adopt the going concern basis in preparing the financial statements and has considered a period of twelve months from the date of approval of these financial statements.  
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents, amortised to profit and loss account over their estimated economic life of 10 years.
2.4. Financial Instruments
Equity Instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs.  If payment is deferred and the time value of money is material, the initial mesaurement is on present value basis.  Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
2.5. Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).  The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.  In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.  An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
2.6. Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.  An equity instrument is any contract the evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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2.7. Basic financial assets and liabilities
Basic financial assets, which include debtors and cash and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.  Financial assets classified as receivable within one year are not amortised.  
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial assets expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangment constitutes a financing transaction, where the debt instrument is measured at the the present value of the future payments discounted at a market rate of interest.  Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.  Amounts payable are classified as current liabilities if payment is due in one year or less.  If not, they are presented as non-current liabilities.  Trade creditors are recognised initially at transaction price and subsequently measured  at amortised cost using the effective rate of interest method.  
Financial liabilities are derecognised when the company's ccontractual obligations expire or are discharged or cancelled.  
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 2)
- 2
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 16,893
As at 31 October 2023 16,893
Amortisation
As at 1 November 2022 9,721
Provided during the period 1,689
As at 31 October 2023 11,410
Net Book Value
As at 31 October 2023 5,483
As at 1 November 2022 7,172
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 66,876 66,129
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 110 110
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7. Related Party Transactions
Key Management PersonnelLoan from Director

Key Management Personnel

Loan from Director

The loan balance due is £66,418, it's unsecured, interest free and has no fixed terms of repayment.
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