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REGISTERED NUMBER: 06499066 (England and Wales)
























HYDROCERT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,591 12,968

CURRENT ASSETS
Stocks 529,416 289,325
Debtors 5 1,334,975 696,443
Cash at bank 133,699 276,414
1,998,090 1,262,182
CREDITORS
Amounts falling due within one year 6 1,430,231 918,655
NET CURRENT ASSETS 567,859 343,527
TOTAL ASSETS LESS CURRENT LIABILITIES 578,450 356,495

CREDITORS
Amounts falling due after more than one
year

7

(439,173

)

(279,117

)

PROVISIONS FOR LIABILITIES (2,648 ) (2,464 )
NET ASSETS 136,629 74,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,529 74,814
136,629 74,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





D Bull - Director


HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Hydrocert Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06499066

Registered office: Ground Floor St David's House
11 Blenheim Court
Brownfields
Welwyn Garden City
Hertfordshire
AL7 1AD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 26,973 13,195 40,168
Additions 1,155 - 1,155
At 31 March 2024 28,128 13,195 41,323
DEPRECIATION
At 1 April 2023 21,727 5,473 27,200
Charge for year 1,601 1,931 3,532
At 31 March 2024 23,328 7,404 30,732
NET BOOK VALUE
At 31 March 2024 4,800 5,791 10,591
At 31 March 2023 5,246 7,722 12,968

HYDROCERT LIMITED (REGISTERED NUMBER: 06499066)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 948,779 663,810
Amounts owed by group undertakings 355,902 -
Other debtors 30,294 32,633
1,334,975 696,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 359,503 117,676
Trade creditors 668,342 548,973
Taxation and social security 317,463 171,548
Other creditors 84,923 80,458
1,430,231 918,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 439,173 279,117

8. RELATED PARTY DISCLOSURES

Dividends were paid to Mr C Box, director, and to a family member, in their capacity as shareholders during the year of £115,000 (2022: £90,250). Dividends were paid to Mr D Bull, director, and to a family member, in their capacity as shareholders during the year of £115,000 (2022: £90,250).

During the year the company paid rented of £49,761 to Hydrocert Property Limited, which is also owned by C
Box and D Bull.
At the year end the company was owed by Hydrocert Property Limited £355.902.

9. ULTIMATE CONTROLLING PARTY

During the year, Chris Box and Dave Bull, directors, together with members of their close families, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% (50% each) of the issued ordinary share capital.