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REGISTERED NUMBER: 05987506 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Hydroline (Wales) Limited

Hydroline (Wales) Limited (Registered number: 05987506)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hydroline (Wales) Limited

Company Information
for the Year Ended 29 February 2024







Director: G R Williams





Secretary: G R Williams





Registered office: 19 Maesteg Road
Cwmfelin
Maesteg
Bridgend
CF34 9LD





Registered number: 05987506 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Hydroline (Wales) Limited (Registered number: 05987506)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 69,693 65,432

Current assets
Debtors 5 48,799 58,694
Cash at bank and in hand 16,838 40,262
65,637 98,956
Creditors
Amounts falling due within one year 6 39,713 45,304
Net current assets 25,924 53,652
Total assets less current liabilities 95,617 119,084

Creditors
Amounts falling due after more than one
year

7

(34,669

)

(24,022

)

Provisions for liabilities (4,528 ) (3,735 )

Accruals and deferred income (123 ) (223 )
Net assets 56,297 91,104

Capital and reserves
Called up share capital 30,000 30,000
Retained earnings 9 26,297 61,104
Shareholders' funds 56,297 91,104

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.

Hydroline (Wales) Limited (Registered number: 05987506)

Balance Sheet - continued
29 February 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 25 November 2024 and were signed by:





G R Williams - Director


Hydroline (Wales) Limited (Registered number: 05987506)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Hydroline (Wales) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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.

3. Employees and directors

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

Hydroline (Wales) Limited (Registered number: 05987506)

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

4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 March 2023 43,347 188,219 20,543 21,058 273,167
Additions - - - 10,895 10,895
Disposals - - - (2,100 ) (2,100 )
At 29 February 2024 43,347 188,219 20,543 29,853 281,962
Depreciation
At 1 March 2023 - 178,670 18,741 10,324 207,735
Charge for year - 2,387 451 2,615 5,453
Eliminated on disposal - - - (919 ) (919 )
At 29 February 2024 - 181,057 19,192 12,020 212,269
Net book value
At 29 February 2024 43,347 7,162 1,351 17,833 69,693
At 28 February 2023 43,347 9,549 1,802 10,734 65,432

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 March 2023 21,058
Disposals (2,100 )
At 29 February 2024 18,958
Depreciation
At 1 March 2023 10,324
Charge for year 2,388
Eliminated on disposal (919 )
At 29 February 2024 11,793
Net book value
At 29 February 2024 7,165
At 28 February 2023 10,734

5. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade debtors 42,746 56,907
Other debtors 6,053 1,787
48,799 58,694

Hydroline (Wales) Limited (Registered number: 05987506)

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

6. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 9,310 5,833
Hire purchase contracts 3,183 3,472
Trade creditors 17,315 22,462
Taxation and social security - 3,057
Other creditors 9,905 10,480
39,713 45,304

7. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Bank loans 32,516 18,958
Hire purchase contracts 2,153 5,064
34,669 24,022

8. Secured debts

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 5,336 -
DBW Investments (10) Ltd 19,785 -
25,121 -

DBW Investments (10) Ltd holds a debenture over the company's assets including a fixed and floating charges over the undertaking and all property and assets present and future.

9. Reserves
Retained
earnings
£   

At 1 March 2023 61,104
Deficit for the year (5,549 )
Dividends (29,258 )
At 29 February 2024 26,297