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REGISTERED NUMBER: 06057514 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Hydrocomm Limited

Hydrocomm Limited (Registered number: 06057514)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hydrocomm Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S W J Mcgillivray





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 06057514 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Hydrocomm Limited (Registered number: 06057514)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,684 2,247

CURRENT ASSETS
Stocks 3,575 -
Debtors 5 5,940 13,319
Cash at bank 121,225 113,635
130,740 126,954
CREDITORS
Amounts falling due within one year 6 13,985 18,077
NET CURRENT ASSETS 116,755 108,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,439

111,124

PROVISIONS FOR LIABILITIES 7 320 426
NET ASSETS 118,119 110,698

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 118,118 110,697
SHAREHOLDERS' FUNDS 118,119 110,698

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

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

Hydrocomm Limited (Registered number: 06057514)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





S W J Mcgillivray - Director


Hydrocomm Limited (Registered number: 06057514)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Hydrocomm 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Hydrocomm Limited (Registered number: 06057514)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 650 6,854 7,504
DEPRECIATION
At 1 February 2023 622 4,635 5,257
Charge for year 7 556 563
At 31 January 2024 629 5,191 5,820
NET BOOK VALUE
At 31 January 2024 21 1,663 1,684
At 31 January 2023 28 2,219 2,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,940 -
Directors' current accounts - 13,319
5,940 13,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 10,264 2,304
VAT 2,591 1,348
Proposed dividends - 13,325
Directors' current accounts 30 -
Accrued expenses 1,100 1,100
13,985 18,077

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 320 426

Hydrocomm Limited (Registered number: 06057514)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 426
Credit to Income Statement during year (106 )
Balance at 31 January 2024 320

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary share £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 February 2023 110,697
Profit for the year 42,271
Dividends (34,850 )
At 31 January 2024 118,118

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
S W J Mcgillivray
Balance outstanding at start of year 13,319 -
Amounts advanced - 13,319
Amounts repaid (13,319 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,319

The director repaid the short term borrowing after the year end. Interest was charged.