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Registration number: 05248154

Ecohydra Technologies Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Ecohydra Technologies Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Ecohydra Technologies Limited

Company Information

Directors

C Whait

C A Melvin

N M A May

Company secretary

B R Warneford

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Ecohydra Technologies Limited

(Registration number: 05248154)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

fixed assets

 

Intangible assets

3

60,743

70,162

tangible assets

4

1,183

1,943

Investments

91

91

 

62,017

72,196

Current assets

 

stocks

171,806

210,172

Debtors

56,582

82,333

Cash at bank and in hand

 

16,373

33,090

 

244,761

325,595

Creditors: Amounts falling due within one year

(90,492)

(96,069)

Net current assets

 

154,269

229,526

Total assets less current liabilities

 

216,286

301,722

Creditors: Amounts falling due after more than one year

(130,446)

(134,986)

Net assets

 

85,840

166,736

capital and reserves

 

Called up share capital

59,465

59,465

Share premium reserve

2,064,215

2,064,215

Profit and loss account

(2,037,840)

(1,956,944)

Total equity

 

85,840

166,736

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Ecohydra Technologies Limited

(Registration number: 05248154)
Abridged Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
C A Melvin
Director

   
     
 

Ecohydra Technologies Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ecohydra Technologies Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

33% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property

5% on cost

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 5).

 

Ecohydra Technologies Limited

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

3

Intangible assets

Total
£

Cost or valuation

At 1 January 2023

188,374

At 31 December 2023

188,374

Amortisation

At 1 January 2023

118,212

Amortisation charge

9,419

At 31 December 2023

127,631

Carrying amount

At 31 December 2023

60,743

At 31 December 2022

70,162

The aggregate amount of research and development expenditure recognised as an expense during the period is £- (2022 - £3,564).
 

 

Ecohydra Technologies Limited

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

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

3,598

4,180

7,778

At 31 December 2023

3,598

4,180

7,778

Depreciation

At 1 January 2023

3,175

2,660

5,835

Charge for the year

380

380

760

At 31 December 2023

3,555

3,040

6,595

Carrying amount

At 31 December 2023

43

1,140

1,183

At 31 December 2022

423

1,520

1,943

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £0.01 each

4,769,452

47,695

4,769,452

47,695

10% Cumulative Redeemanle Preference of £1 each

11,770

11,770

11,770

11,770

 

4,781,222

59,465

4,781,222

59,465