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REGISTERED NUMBER: 10636569 (England and Wales)















HYDMEC LTD

Unaudited Financial Statements For The Year Ended 29 February 2024






HYDMEC LTD (REGISTERED NUMBER: 10636569)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

HYDMEC LTD

Company Information
For The Year Ended 29 February 2024







DIRECTOR: I C Dodson





SECRETARY: Mrs J Dodson





REGISTERED OFFICE: 1 St Lucia Close
Whitley Bay
Tyne and Wear
NE26 3HT





REGISTERED NUMBER: 10636569 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,344 6,794

CURRENT ASSETS
Stocks - 39,540
Debtors 5 81,377 7,423
Cash at bank 71,446 57,656
152,823 104,619
CREDITORS
Amounts falling due within one year 6 57,506 60,167
NET CURRENT ASSETS 95,317 44,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,661

51,246

PROVISIONS FOR LIABILITIES 8 1,205 1,291
NET ASSETS 100,456 49,955

CAPITAL AND RESERVES
Called up share capital 9 6 6
Retained earnings 100,450 49,949
SHAREHOLDERS' FUNDS 100,456 49,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 2 October 2024 and were signed by:



I C Dodson - Director


HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Hydmec Ltd 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 2,692 1,554 6,511 10,757
Additions 196 - 1,975 2,171
Disposals - - (2,009 ) (2,009 )
At 29 February 2024 2,888 1,554 6,477 10,919
DEPRECIATION
At 1 March 2023 697 705 2,561 3,963
Charge for year 329 127 1,185 1,641
Eliminated on disposal - - (1,029 ) (1,029 )
At 29 February 2024 1,026 832 2,717 4,575
NET BOOK VALUE
At 29 February 2024 1,862 722 3,760 6,344
At 28 February 2023 1,995 849 3,950 6,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,162 6,456
Directors' loan accounts 5,131 -
Prepayments 84 967
81,377 7,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,863 34,128
Tax 30,326 15,437
Social security and other taxes (830 ) -
VAT 8,235 7,812
Directors' loan accounts - 1,327
Accrued expenses 1,912 1,463
57,506 60,167

7. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

HYDMEC LTD (REGISTERED NUMBER: 10636569)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,205 1,291

Deferred
tax
£   
Balance at 1 March 2023 1,291
Provided during year (86 )
Balance at 29 February 2024 1,205

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 A Ordinary 1 1 1
5 B Ordinary 1 5 5
6 6

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

HYDMEC LTD

Report of the Accountants to the Director of
Hydmec Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


3 October 2024