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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
Page
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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
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HYDROCHEM (U.K.) LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,211 
74,468 
Current assets
Inventories
37,954 
37,954 
Debtors
222,094 
220,603 
Cash at bank and in hand
3,597 
22,068 
263,645 
280,625 
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)
Capital and reserves
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
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HYDROCHEM (U.K.) LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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 taxation
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.
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HYDROCHEM (U.K.) LIMITED Notes to the Accounts for the year ended 31 December 2024
Leased assets
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 
Depreciation
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 
Net book value
At 31 December 2024
20,278 
27,375 
12,558 
60,211 
At 31 December 2023
31,348 
40,334 
2,786 
74,468 
5
Debtors
2024 
2023 
£ 
£ 
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 
222,094 
220,603 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
41,424 
43,327 
Trade creditors
45,901 
49,713 
Taxes and social security
11,607 
27,997 
Other creditors
10,335 
17,590 
Accruals
1,800 
- 
Deferred income
15,054 
20,190 
126,121 
158,817 
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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 
£ 
£ 
Bank loans
83,646 
107,641 
Obligations under finance leases and hire purchase contracts
20,885 
35,010 
Loans from directors
121,843 
144,848 
226,374 
287,499 
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).
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