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REGISTERED NUMBER: 12748539 (England and Wales)












Financial Statements for the Year Ended 31 July 2024

for

Hydrogen Resources Ltd

Hydrogen Resources Ltd (Registered number: 12748539)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hydrogen Resources Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: T R B Parson
K H Cima
R D Harvey
S Dugdale
Dr M E Hawthorne
Professor R Worden





REGISTERED OFFICE: Unit 4D Landsbury Buisness Estate
102 Lower Guildford Road
Knapkill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 12748539 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Hydrogen Resources Ltd (Registered number: 12748539)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 21,971 14,588
Property, plant and equipment 5 593 -
22,564 14,588

CURRENT ASSETS
Debtors 6 18,852 4,410
Cash at bank 50,789 47,169
69,641 51,579
CREDITORS
Amounts falling due within one year 7 (69,008 ) (108,186 )
NET CURRENT ASSETS/(LIABILITIES) 633 (56,607 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,197 (42,019 )

CAPITAL AND RESERVES
Called up share capital 118 100
Share premium 119,018 -
Retained earnings (95,939 ) (42,119 )
23,197 (42,019 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




T R B Parson - Director


Hydrogen Resources Ltd (Registered number: 12748539)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Hydrogen Resources Ltd 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.

These financial statements have been prepared on the going concern basis which assumes the company will continue to be supported by its creditors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Hydrogen Resources Ltd (Registered number: 12748539)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023 17,282
Additions 10,124
At 31 July 2024 27,406
AMORTISATION
At 1 August 2023 2,694
Charge for year 2,741
At 31 July 2024 5,435
NET BOOK VALUE
At 31 July 2024 21,971
At 31 July 2023 14,588

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
Additions 890
At 31 July 2024 890
DEPRECIATION
Charge for year 297
At 31 July 2024 297
NET BOOK VALUE
At 31 July 2024 593

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 18,852 4,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 724 9,000
Other creditors 68,284 99,186
69,008 108,186