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Company Registration No. 10330376 (England and Wales)
123HYDRO LTD Unaudited accounts for the year ended 31 August 2024
123HYDRO LTD Unaudited accounts Contents
Page
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123HYDRO LTD Company Information for the year ended 31 August 2024
Director
Sarunas Norvaisis
Company Number
10330376 (England and Wales)
Registered Office
1st Floor 107 Geroge Lane London E18 1AN United Kingdom
Accountants
Konsus LTD 1st Floor 107 George lane South Woodford ESSEX E18 1AN
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123HYDRO LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
323,709 
323,709 
Current assets
Debtors
4,205 
48,634 
Cash at bank and in hand
3,492 
13,729 
7,697 
62,363 
Creditors: amounts falling due within one year
(222,720)
(282,763)
Net current liabilities
(215,023)
(220,400)
Total assets less current liabilities
108,686 
103,309 
Creditors: amounts falling due after more than one year
(140,568)
(133,749)
Net liabilities
(31,882)
(30,440)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(31,982)
(30,540)
Shareholders' funds
(31,882)
(30,440)
For the year ending 31 August 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 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 and authorised for issue on 8 May 2025 and were signed on its behalf by
Sarunas Norvaisis Director Company Registration No. 10330376
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123HYDRO LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
123HYDRO LTD is a private company, limited by shares, registered in England and Wales, registration number 10330376. The registered office is 1st Floor, 107 Geroge Lane, London, E18 1AN, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
Straight line, 20%
Motor vehicles
Straight line, 20%
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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123HYDRO LTD Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
323,709 
9,200 
332,909 
Disposals
- 
(9,200)
(9,200)
At 31 August 2024
323,709 
- 
323,709 
Depreciation
At 1 September 2023
- 
9,200 
9,200 
On disposals
- 
(9,200)
(9,200)
At 31 August 2024
- 
- 
- 
Net book value
At 31 August 2024
323,709 
- 
323,709 
At 31 August 2023
323,709 
- 
323,709 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
48,634 
Other debtors
4,205 
- 
4,205 
48,634 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
217,514 
276,531 
VAT
5,206 
3,793 
Trade creditors
- 
429 
Loans from directors
- 
2,010 
222,720 
282,763 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
46,153 
Other creditors
140,568 
87,596 
140,568 
133,749 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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