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REGISTERED NUMBER: 09216365 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hydropath Technology Limited

Hydropath Technology Limited (Registered number: 09216365)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hydropath Technology Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms J Burchell
Mrs A S Wainwright
Mrs D A Stefanini





REGISTERED OFFICE: C/o Browne Jacobson LLP
6 Bevis Marks
London
EC3A 7BA





REGISTERED NUMBER: 09216365 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Hydropath Technology Limited (Registered number: 09216365)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 140,546 106,730
Tangible assets 5 41,901 45,884
182,447 152,614

CURRENT ASSETS
Stocks 293,711 492,744
Debtors 6 372,433 363,465
Cash at bank 794,750 1,072,643
1,460,894 1,928,852
CREDITORS
Amounts falling due within one year 7 191,302 107,056
NET CURRENT ASSETS 1,269,592 1,821,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,452,039

1,974,410

PROVISIONS FOR LIABILITIES 7,961 8,718
NET ASSETS 1,444,078 1,965,692

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 1,444,077 1,965,691
SHAREHOLDERS' FUNDS 1,444,078 1,965,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Hydropath Technology Limited (Registered number: 09216365)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mrs A S Wainwright - Director


Hydropath Technology Limited (Registered number: 09216365)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hydropath Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Purchased goodwill on business combinations is capitalised and amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measure at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Hydropath Technology Limited (Registered number: 09216365)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currency
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

Hydropath Technology Limited (Registered number: 09216365)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2023 101,312 118,227 219,539
Additions - 62,506 62,506
At 31 December 2023 101,312 180,733 282,045
AMORTISATION
At 1 January 2023 76,530 36,279 112,809
Amortisation for year 10,131 18,559 28,690
At 31 December 2023 86,661 54,838 141,499
NET BOOK VALUE
At 31 December 2023 14,651 125,895 140,546
At 31 December 2022 24,782 81,948 106,730

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 45,184 20,770 7,642 19,706 93,302
Additions - 1,177 3,588 - 4,765
At 31 December 2023 45,184 21,947 11,230 19,706 98,067
DEPRECIATION
At 1 January 2023 30,781 4,003 5,196 7,438 47,418
Charge for year 4,518 4,361 919 (1,050 ) 8,748
At 31 December 2023 35,299 8,364 6,115 6,388 56,166
NET BOOK VALUE
At 31 December 2023 9,885 13,583 5,115 13,318 41,901
At 31 December 2022 14,403 16,767 2,446 12,268 45,884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 246,585 260,002
Other debtors 23,924 27,947
Tax 69,547 29,458
VAT 13,971 25,548
Prepayments 18,406 20,510
372,433 363,465

Hydropath Technology Limited (Registered number: 09216365)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 79,990 74,791
Social security and other taxes 22,703 18,712
Other creditors 618 2,558
Directors' current accounts 71,772 618
Accruals and deferred income 16,219 10,377
191,302 107,056

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
50 Share capital 1 £0.01 1 1
50 Share capital 2 £0.01 - -
1 1