Acorah Software Products - Accounts Production 16.2.850 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 December 2024 31 December 2024 13705118 Mr Yousuf Syed Mrs Maryam Shafqat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13705118 2023-10-31 13705118 2024-12-31 13705118 2023-11-01 2024-12-31 13705118 frs-core:CurrentFinancialInstruments 2024-12-31 13705118 frs-core:ComputerEquipment 2024-12-31 13705118 frs-core:ComputerEquipment 2023-11-01 2024-12-31 13705118 frs-core:ComputerEquipment 2023-10-31 13705118 frs-core:FurnitureFittings 2024-12-31 13705118 frs-core:FurnitureFittings 2023-11-01 2024-12-31 13705118 frs-core:FurnitureFittings 2023-10-31 13705118 frs-core:ShareCapital 2024-12-31 13705118 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13705118 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 13705118 frs-bus:FilletedAccounts 2023-11-01 2024-12-31 13705118 frs-bus:SmallEntities 2023-11-01 2024-12-31 13705118 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-12-31 13705118 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-12-31 13705118 frs-bus:OrdinaryShareClass1 2023-11-01 2024-12-31 13705118 frs-bus:OrdinaryShareClass1 2024-12-31 13705118 frs-bus:Director1 2023-11-01 2024-12-31 13705118 frs-bus:CompanySecretary1 2023-11-01 2024-12-31 13705118 frs-countries:EnglandWales 2023-11-01 2024-12-31 13705118 2022-10-31 13705118 2023-10-31 13705118 2022-11-01 2023-10-31 13705118 frs-core:CurrentFinancialInstruments 2023-10-31 13705118 frs-core:ShareCapital 2023-10-31 13705118 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13705118 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 13705118 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 13705118
Hydergineering Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 13705118
31 December 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 86
- 86
CURRENT ASSETS
Debtors 5 - 5,295
Cash at bank and in hand 63,921 29,525
63,921 34,820
Creditors: Amounts falling due within one year 6 (26,178 ) (8,269 )
NET CURRENT ASSETS (LIABILITIES) 37,743 26,551
TOTAL ASSETS LESS CURRENT LIABILITIES 37,743 26,637
NET ASSETS 37,743 26,637
CAPITAL AND RESERVES
Called up share capital 7 2 2
Income Statement 37,741 26,635
SHAREHOLDERS' FUNDS 37,743 26,637
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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
The financial statements were approved by the board of directors on 7 April 2025 and were signed on its behalf by:
Mr Yousuf Syed
Director
7 April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hydergineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13705118 . The registered office is 4 Hickory Close, Coventry, CV2 2NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland - Small Entities and the Companies Act 2006.
2.2. Going Concern Disclosure
The company ceased trading on 31 December 2024 and the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, making provisions in respect of contracts which have become onerous at the reporting date and, for the financial statements covering the period of cessation, writing the company's assets down to net realisable value at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered in the normal course of business, net of discounts, value added taxes and other applicable sales taxes.
Rendering of services
Turnover from the provision of engineering design services is recognised in the period in which the services are rendered.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to the income statement at the following rates in order to write off the cost of the assets, less their estimated residual value, over their estimated useful lives:
Fixtures & Fittings 33% straight line
Computer Equipment 50% straight line
2.5. Financial Instruments
Basic financial instruments
Cash and cash equivalents, and trade and other debtors and creditors, are classified as basic financial instruments.
Basic financial instruments not constituting financing transactions are initially recognised at transaction price. For arrangements constituting financing transactions, different recognition criteria apply:
  • Loans to the company from a person who is within a director's group of close family members that contains at least one shareholder are also initially recognised at transaction price.
  • All other arrangements constituting financing transactions are initially recognised at the present value of the future payments or receipts discounted at a market rate of interest.
Subsequent to initial recognition:
  • Basic financial instruments classified as payable or receivable after more than one year are measured at amortised cost using the effective interest method.
  • Basic financial instruments classified as payable or receivable within one year are only amortised if the effect is material.
Cash and cash equivalents
Cash in hand, bank balances, and short-term deposits with an original maturity of three months or less, which are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value, are classified as cash and cash equivalents. These amounts are included in 'Cash at bank and in hand' on the statement of financial position.
Bank overdrafts are generally classified separately as creditors under current liabilities. However, if overdrafts are repayable on demand and the company has a legally enforceable right to set them off against cash and cash equivalents, they may be offset in certain circumstances.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement or, if presented, the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Presentation Currency
The financial statements are presented in £ sterling, which is the functional currency of the company.
2.9. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, director's report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
The average number of employees, including directors and other officers, during the period was: 2 (2023: 2)
2 2
4. Tangible assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 257 130 387
As at 31 December 2024 257 130 387
Depreciation
As at 1 November 2023 171 130 301
Provided during the period 86 - 86
As at 31 December 2024 257 130 387
Net Book Value
As at 31 December 2024 - - -
As at 1 November 2023 86 - 86
5. Debtors
31 December 2024 31 October 2023
£ £
Due within one year
Trade debtors - 5,292
Other taxes and social security - 1
Called up share capital not paid - 2
- 5,295
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6. Creditors: Amounts falling due within one year
31 December 2024 31 October 2023
£ £
Corporation tax 6,156 6,934
Other taxes and social security 419 -
Staff expense reimbursements payable - 1,335
Accruals and deferred income 2,095 -
Director's loan account 8,859 -
Amounts owed to other participating interests 8,649 -
26,178 8,269
7. Share Capital
31 December 2024 31 October 2023
Allotted, called up and fully paid £ £
2 Ordinary shares of £ 1.00 each 2 2
8. Dividends
31 December 2024 31 October 2023
£ £
On equity shares:
Interim dividend paid 15,000 15,000
9. Related Party Transactions
During the period, the company entered into the following transactions with related parties:
Owners holding a participating interest
The company received loans from Mr Y Syed, the sole director and a shareholder with a participating interest, totalling £8,859 (2023: £0). At the reporting date, the outstanding loan balance was £8,859 (2023: £0). The maximum balance outstanding during the period was £8,859 (2023: £0).
This amount is interest-free, unsecured and repayable on demand.
The company received loans from Mrs M Shafqat, a shareholder with a participating interest, totalling £8,649 (2023: £0). At the reporting date, the outstanding loan balance was £8,649 (2023: £0). The maximum balance outstanding during the period was £8,649 (2023: £0).
This amount is interest-free, unsecured and repayable on demand.
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