Hydrogen Universe Ltd Filleted Accounts Cover
Hydrogen Universe Ltd
Company No. SC594267
Information for Filing with The Registrar
30 April 2024
Hydrogen Universe Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was development on natural sciences.
Directors
The Directors who served at any time during the year were as follows:
R. Clarke
T. Clarke
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
T. Clarke
Director
31 October 2024
Hydrogen Universe Ltd Balance Sheet Registrar
at
30 April 2024
Company No.
SC594267
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
89,62378,883
89,62378,883
Current assets
Debtors
5
1811,836
Cash at bank and in hand
-2,524
1814,360
Creditors: Amount falling due within one year
6
(145,291)
(136,360)
Net current liabilities
(145,110)
(132,000)
Total assets less current liabilities
(55,487)
(53,117)
Net liabilities
(55,487)
(53,117)
Capital and reserves
Called up share capital
1010
Profit and loss account
8
(55,497)
(53,127)
Total equity
(55,487)
(53,117)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 October 2024 and signed on its behalf by:
T. Clarke
Director
31 October 2024
Hydrogen Universe Ltd Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
Hydrogen Universe Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC594267
Its registered office is:
Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 May 2023
114,588114,588
Additions
10,74010,740
At 30 April 2024
125,328125,328
Amortisation and impairment
At 1 May 2023
35,70535,705
At 30 April 2024
35,70535,705
Net book values
At 30 April 2024
89,62389,623
At 30 April 2023
78,88378,883
5
Debtors
2024
2023
£
£
VAT recoverable
1811,836
1811,836
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,022-
Other creditors
143,619135,710
Accruals and deferred income
650650
145,291136,360
7
Share Capital
Ordinary shares of £1
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Hydrogen Universe LtdSC59426730 April 202401 May 2023false31 October 2024BTCSoftware AP Solution 2024 11.1.0411.1.04trueSC5942672023-05-012024-04-30SC5942672024-04-30SC5942672023-04-30SC594267core:WithinOneYear2024-04-30SC594267core:WithinOneYear2023-04-30SC594267core:ShareCapital2024-04-30SC594267core:ShareCapital2023-04-30SC594267core:RetainedEarningsAccumulatedLosses2024-04-30SC594267core:RetainedEarningsAccumulatedLosses2023-04-30SC594267countries:UnitedKingdom2023-05-012024-04-30SC594267bus:RegisteredOffice2023-05-012024-04-30SC5942672022-05-012023-04-30SC594267core:OtherResidualIntangibleAssets2023-05-01SC5942672023-05-01SC594267core:OtherResidualIntangibleAssets2023-05-012024-04-30SC594267core:OtherResidualIntangibleAssets2024-04-30SC594267core:OtherResidualIntangibleAssets2023-04-30SC594267core:RetainedEarningsAccumulatedLosses2023-05-012024-04-30SC594267bus:SmallEntities2023-05-012024-04-30SC594267bus:FullAccounts2023-05-012024-04-30SC594267bus:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC594267bus:Director22023-05-012024-04-30SC594267bus:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:pure