Company Registration No. 10330376 (England and Wales)
123HYDRO LTD
Unaudited accounts
for the year ended 31 August 2024
123HYDRO LTD
Unaudited accounts
Contents
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
123HYDRO LTD
Statement of financial position
as at 31 August 2024
Tangible assets
323,709
323,709
Cash at bank and in hand
3,492
13,729
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)
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
123HYDRO LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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 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.
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.
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
At 1 September 2023
-
9,200
9,200
On disposals
-
(9,200)
(9,200)
At 31 August 2024
323,709
-
323,709
At 31 August 2023
323,709
-
323,709
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
217,514
276,531
Loans from directors
-
2,010
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
140,568
87,596
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).