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REGISTERED NUMBER: 03455769 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

TDC HYDRO LIMITED

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TDC HYDRO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J E Catherall
D J Catherall



SECRETARY: S L Catherall



REGISTERED OFFICE: T.D.C.House
Ewloe Roundabout
Ewloe
Deeside
Flintshire
CH5 3AW



REGISTERED NUMBER: 03455769 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
Priory Street
Wrexham
LL11 1SP

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 44,997 59,209
Tangible assets 5 73,879 98,919
118,876 158,128

CURRENT ASSETS
Stocks 6 187,057 188,746
Debtors 7 104,944 78,324
Cash at bank and in hand 61,070 75,020
353,071 342,090
CREDITORS
Amounts falling due within one year 8 311,534 288,727
NET CURRENT ASSETS 41,537 53,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,413

211,491

CREDITORS
Amounts falling due after more than one
year

9

(79,342

)

(111,553

)

PROVISIONS FOR LIABILITIES 11 (18,056 ) (24,268 )
NET ASSETS 63,015 75,670

CAPITAL AND RESERVES
Called up share capital 12 120 120
Retained earnings 62,895 75,550
SHAREHOLDERS' FUNDS 63,015 75,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th October 2024 and were signed on its behalf by:





D J Catherall - Director


TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

TDC Hydro 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Hire fleet - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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


TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 284,225
AMORTISATION
At 1st April 2023 225,016
Amortisation for year 14,212
At 31st March 2024 239,228
NET BOOK VALUE
At 31st March 2024 44,997
At 31st March 2023 59,209

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Hire Plant and and
fleet machinery fittings
£    £    £   
COST
At 1st April 2023 109,314 74,284 11,131
Disposals (5,207 ) - -
At 31st March 2024 104,107 74,284 11,131
DEPRECIATION
At 1st April 2023 81,122 63,955 6,879
Charge for year 3,602 2,581 638
Eliminated on disposal (1,025 ) - -
At 31st March 2024 83,699 66,536 7,517
NET BOOK VALUE
At 31st March 2024 20,408 7,748 3,614
At 31st March 2023 28,192 10,329 4,252

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 121,414 28,616 344,759
Disposals - - (5,207 )
At 31st March 2024 121,414 28,616 339,552
DEPRECIATION
At 1st April 2023 68,331 25,553 245,840
Charge for year 13,271 766 20,858
Eliminated on disposal - - (1,025 )
At 31st March 2024 81,602 26,319 265,673
NET BOOK VALUE
At 31st March 2024 39,812 2,297 73,879
At 31st March 2023 53,083 3,063 98,919

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023 87,294
Transfer to ownership (15,999 )
At 31st March 2024 71,295
DEPRECIATION
At 1st April 2023 42,376
Charge for year 11,230
Transfer to ownership (11,148 )
At 31st March 2024 42,458
NET BOOK VALUE
At 31st March 2024 28,837
At 31st March 2023 44,918

6. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 187,057 188,746

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100,021 73,524
Prepayments and accrued income 4,923 4,800
104,944 78,324

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,569 20,030
Hire purchase contracts 11,879 12,728
Trade creditors 124,007 134,555
Tax 60,032 35,871
Social security and other taxes 5,314 5,393
VAT 29,562 23,379
Other creditors 52,221 47,564
Directors' current accounts 1,319 3,957
Accrued expenses 6,631 5,250
311,534 288,727

TDC HYDRO LIMITED (REGISTERED NUMBER: 03455769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 21,497 20,804
Bank loans - 2-5 years 42,582 49,337
Bank loans - over 5 years 10,583 24,853
Hire purchase contracts 4,680 16,559
79,342 111,553

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 10,583 24,853

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 95,231 115,024

The bank loan is secured by a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 18,056 24,268

Deferred
tax
£   
Balance at 1st April 2023 24,268
Movement in year due to :-
changes in tax rates
changes in tax allowances (6,212 )
Balance at 31st March 2024 18,056

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 'A' Shares £1 100 100
10 'B' Shares £1 10 10
10 'C' Shares £1 10 10
120 120