Company Registration No. 02562697 (England and Wales)
HYDROCHEM (U.K.) LIMITED
Unaudited accounts
for the year ended 31 December 2024
HYDROCHEM (U.K.) LIMITED
Unaudited accounts
Contents
HYDROCHEM (U.K.) LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mr William Henry Abbot
Ms Theresa Hobbs
Company Number
02562697 (England and Wales)
Registered Office
Unit 1 Graythorp Industrial Estate
Hartlepool
TS25 2DF
UK
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
HYDROCHEM (U.K.) LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
60,211
74,468
Cash at bank and in hand
3,597
22,068
Creditors: amounts falling due within one year
(126,121)
(158,817)
Net current assets
137,524
121,808
Total assets less current liabilities
197,735
196,276
Creditors: amounts falling due after more than one year
(226,374)
(287,499)
Provisions for liabilities
Deferred tax
(3,071)
(9,864)
Net liabilities
(31,710)
(101,087)
Called up share capital
10,000
10,000
Share premium
19,996
19,996
Profit and loss account
(61,706)
(131,083)
Shareholders' funds
(31,710)
(101,087)
For the year 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 18 March 2025 and were signed on its behalf by
Mr William Henry Abbot
Director
Company Registration No. 02562697
HYDROCHEM (U.K.) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
HYDROCHEM (U.K.) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02562697. The registered office is Unit 1 Graythorp Industrial Estate, Hartlepool, TS25 2DF, UK.
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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
HYDROCHEM (U.K.) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
84,332
49,873
47,471
181,676
Additions
-
-
21,500
21,500
At 31 December 2024
84,332
49,873
68,971
203,176
At 1 January 2024
52,984
9,539
44,685
107,208
Charge for the year
11,070
12,959
11,728
35,757
At 31 December 2024
64,054
22,498
56,413
142,965
At 31 December 2024
20,278
27,375
12,558
60,211
At 31 December 2023
31,348
40,334
2,786
74,468
Amounts falling due within one year
Trade debtors
138,617
136,613
Amounts due from group undertakings etc.
73,159
73,089
Accrued income and prepayments
10,318
10,901
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
45,901
49,713
Taxes and social security
11,607
27,997
Other creditors
10,335
17,590
Deferred income
15,054
20,190
HYDROCHEM (U.K.) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
20,885
35,010
Loans from directors
121,843
144,848
8
Transactions with related parties
Throughout the year the company operated a loan account with the Directors.
As at 31 December 2023 the company owe the directors £144,848 (2022: £100,540)
Their loan is not interest bearing and has no set repayment terms
9
Average number of employees
During the year the average number of employees was 16 (2023: 17).