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REGISTERED NUMBER: 01108860 (England and Wales)















Audited Financial Statements for the Year Ended 30 June 2024

for

C. C. Hydrosonics Limited

C. C. Hydrosonics Limited (Registered number: 01108860)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


C. C. Hydrosonics Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: L Casey
D Casey
S A Hassan
D Casey
B D Kivisto





SECRETARY: L Casey





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 01108860 (England and Wales)





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

C. C. Hydrosonics Limited (Registered number: 01108860)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 88,262 90,900

CURRENT ASSETS
Stocks 1,450,425 1,709,030
Debtors 6 1,925,592 1,767,626
Cash at bank and in hand 429,486 528,294
3,805,503 4,004,950
CREDITORS
Amounts falling due within one year 7 1,258,394 1,874,845
NET CURRENT ASSETS 2,547,109 2,130,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,635,371

2,221,005

PROVISIONS FOR LIABILITIES 20,552 21,115
NET ASSETS 2,614,819 2,199,890

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,614,719 2,199,790
SHAREHOLDERS' FUNDS 2,614,819 2,199,890

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 29 October 2024 and were signed on its behalf by:





L Casey - Director


C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

C. C. Hydrosonics 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 statement of financial position date.


C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 statement of financial position 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
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 21 (2023 - 20 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the
company's financial statements

12,000

12,500

C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 216,033 100,104 316,137
Additions 1,149 14,995 16,144
At 30 June 2024 217,182 115,099 332,281
DEPRECIATION
At 1 July 2023 165,895 59,342 225,237
Charge for year 7,593 11,189 18,782
At 30 June 2024 173,488 70,531 244,019
NET BOOK VALUE
At 30 June 2024 43,694 44,568 88,262
At 30 June 2023 50,138 40,762 90,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,005,262 703,018
Amounts owed by group undertakings 841,297 912,219
Other debtors 79,033 152,389
1,925,592 1,767,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 143,215 139,505
Amounts owed to group undertakings 13,658 352,834
Taxation and social security 189,526 85,012
Other creditors 911,995 1,297,494
1,258,394 1,874,845

C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 122,404 112,403
Between one and five years 61,202 -
183,606 112,403

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
L Casey
Balance outstanding at start of year 15,296 4,705
Amounts advanced 50,057 33,855
Amounts repaid (55,596 ) (23,264 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,757 15,296

C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Casey
Balance outstanding at start of year - 5,593
Amounts advanced 1,676 3,239
Amounts repaid (1,140 ) (8,832 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 536 -

D Casey
Balance outstanding at start of year 2,304 -
Amounts advanced 1,358 2,304
Amounts repaid (2,304 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,358 2,304

C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RELATED PARTY DISCLOSURES

All of the following companies are related by the fact that they are ultimately controlled by Crestek Inc, USA. Transactions with group companies are undertaken on normal commercial terms.

Financial information on transactions and balances between related parties are as follows:

Advanced Ceramic Technologies (Malaysia)
CC Hydrosonics Limited purchased £865,432 (2023: £510,743) of goods and services from Advanced Ceramic Technologies (Malaysia) during the year. Amounts due to Advanced Ceramic Technologies (Malaysia) at the end of the year amounted to £10,123 (2023: £326,716).

Advanced Ceramic Technologies (Malaysia) purchased £54,460 (2023: £42,403) of goods and services from CC Hydrosonics Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £81,281 (2023: £86,098).

Crest Ultrasonics Corporation (USA)
CC Hydrosonics Limited purchased £4,278 (2023: £13,275) of goods and services from Crest Ultrasonics Corporation during the year. Amounts due to Crest Ultrasonics Corporation at the end of the year amounted to £3,533 (2023: £16,722).

Crest Ultrasonics Corporation purchased £437,218 (2023: £357,945) of goods and services from CC Hydrosonics Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £605,805 (2023: £719,503).

Crest Ultrasonics Europe Limited
CC Hydrosonics Limited purchased £2,639 (2023: £364) of goods and services from Crest Ultrasonics Europe Limited during the year. Amounts due to Crest Ultrasonics Europe Limited at the end of the year amounted to £nil (2023: £nil).

Crest Ultrasonics Europe Limited purchased £15,476 (2023: £nil) of goods and services from CC Hydrosonics Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £nil (2023: £nil).

Megasonic Sweeping (Malaysia) Sdn
Megasonic Sweeping (Malaysia) Sdn purchased £nil (2023: £nil) of goods and services from CC Hydrosonics Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £nil (2023: £nil).

CC Hydrosonics Limited purchased £15,503 (2023: £12,321) of goods and services from Megasonic Sweeping (Malaysia) Sdn during the year. Amounts due to Megasonic Sweeping (Malaysia) Sdn at the end of the year amounted to £nil (2023: £nil).

The Crest Group Inc
The Crest Group Inc have been charged management charges of £47,577 (2023: £49,631) during the year. Amounts due to CC Hydrosonics at the end of the year amounted to £154,211 (2023: £106,618).

C. C. Hydrosonics Limited (Registered number: 01108860)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024





KLN Ultraschall GMBH
KLN Ultraschall GMBH purchased £64,765 (2023: £2,893) of goods and services from CC Hydrosonics Limited during the year. Amounts due to CC Hydrosonics Limited at the end of the year amounted to £nil (2023: £nil).

Martin Walter Ultraschalltechnik AG
CC Hydrosonics Limited purchased £65,571 (2023: £84,049) of goods and services from Martin Walter Ultraschalltechnik AG during the year. Amounts due to Martin Walter Ultraschalltechnik AG at the end of the year amounted to £nil (2023: £9,395).

Crest Ultrasonics India PVT
CC Hydrosonics Limited purchased £36,289 (2023: £nil) of goods and services from Crest Ultrasonics India PVT during the year. Amounts due to Crest Ultrasonics India PVT at the end of the year amounted to £nil (2023: £nil).

13. ULTIMATE CONTROLLING PARTY

The controlling party is the ultimate parent company Crestek Inc, incorporated in USA.

The ultimate controlling party is Mr James Michael Goodson.