Company Registration No. 15852160 (England and Wales)
Hydrogenica Ltd
Unaudited accounts
for the period from 22 July 2024 to 31 December 2024
Hydrogenica Ltd
Unaudited accounts
Contents
Hydrogenica Ltd
Company Information
for the period from 22 July 2024 to 31 December 2024
Directors
Angel Bozhilov
Nikolay Atanasov
Renata Bozhilova
Malin Ishlyamov
Ivo Pocheliev
Company Number
15852160 (England and Wales)
Registered Office
4 East Street
Crowland
PE6 0EN
United Kingdom
Accountants
Nikolay Atanasov, Shubraka Opportunities Limited
43 Berkeley Square
4th floor
London
W1J 5FJ
Hydrogenica Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
1,752,112
Cash at bank and in hand
128
Creditors: amounts falling due within one year
(12,582)
Net current liabilities
(12,213)
Called up share capital
10,001
Profit and loss account
(60,102)
Shareholders' funds
1,739,899
For the period ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by
Nikolay Atanasov
Director
Company Registration No. 15852160
Hydrogenica Ltd
Notes to the Accounts
for the period from 22 July 2024 to 31 December 2024
Hydrogenica Ltd is a private company, limited by shares, registered in England and Wales, registration number 15852160. The registered office is 4 East Street, Crowland, PE6 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Recognition and Measurement
Intangible assets are initially recognised at cost. Cost includes all directly attributable expenditure necessary to create, produce, and prepare the asset to be capable of operating in the manner intended by management.
Subsequent Measurement
After initial recognition, intangible assets are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on a straight-line basis to allocate the cost of each asset (less any residual value) over its estimated useful life. The estimated useful lives for the current and comparative periods are as follows:
Patents : the remaining life of the patent
Website: 3 years
Amortisation methods, useful lives, and residual values are reviewed at each reporting date and adjusted if appropriate.
Impairment
Intangible assets are assessed for indicators of impairment at each reporting date. If an indication of impairment exists, the asset’s recoverable amount is estimated. Where the carrying amount of an intangible asset exceeds its recoverable amount, an impairment loss is recognised in profit or loss.
Hydrogenica Ltd
Notes to the Accounts
for the period from 22 July 2024 to 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
1,812,112
Charge for the period
60,000
At 31 December 2024
60,000
At 31 December 2024
1,752,112
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Amounts owed to group undertakings and other participating interests
1,698
7
Average number of employees
During the period the average number of employees was 0.