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REGISTERED NUMBER: 07350316 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HYDRAPRESS SERVICES LIMITED

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HYDRAPRESS SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTOR: K Thomas





REGISTERED OFFICE: Unit 2B, The Hollows
Winslsow Road
Little Horwood
Milton Keynes
Buckinghamshire
MK17 0PD





REGISTERED NUMBER: 07350316 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,398 29,181

CURRENT ASSETS
Stocks 13,784 25,155
Debtors 5 101,153 84,060
Cash at bank 5,718 9,293
120,655 118,508
CREDITORS
Amounts falling due within one year 6 121,154 99,271
NET CURRENT (LIABILITIES)/ASSETS (499 ) 19,237
TOTAL ASSETS LESS CURRENT LIABILITIES 7,899 48,418

CREDITORS
Amounts falling due after more than one
year

7

(15,854

)

(41,944

)

PROVISIONS FOR LIABILITIES (2,099 ) (5,544 )
NET (LIABILITIES)/ASSETS (10,054 ) 930

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (10,055 ) 929
SHAREHOLDERS' FUNDS (10,054 ) 930

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

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

The director acknowledges his 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.

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

BALANCE SHEET - continued
31 August 2024


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 director and authorised for issue on 14 May 2025 and were signed by:





K Thomas - Director


HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Hydrapress Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 6,153 500 41,095 6,755 54,503
Additions - - 10,495 - 10,495
Disposals - - (41,095 ) - (41,095 )
At 31 August 2024 6,153 500 10,495 6,755 23,903
DEPRECIATION
At 1 September 2023 5,862 488 12,617 6,355 25,322
Charge for year 73 3 2,624 100 2,800
Eliminated on disposal - - (12,617 ) - (12,617 )
At 31 August 2024 5,935 491 2,624 6,455 15,505
NET BOOK VALUE
At 31 August 2024 218 9 7,871 300 8,398
At 31 August 2023 291 12 28,478 400 29,181

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 41,095
Additions 10,495
Disposals (41,095 )
At 31 August 2024 10,495
DEPRECIATION
At 1 September 2023 12,617
Charge for year 2,624
Eliminated on disposal (12,617 )
At 31 August 2024 2,624
NET BOOK VALUE
At 31 August 2024 7,871
At 31 August 2023 28,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,313 55,100
Other debtors 90,840 28,960
101,153 84,060

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 3,400 3,400
Hire purchase contracts - 2,100
Trade creditors 16,830 5,583
Taxation and social security 55,970 55,400
Other creditors 44,954 32,788
121,154 99,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 15,854 23,146
Hire purchase contracts - 18,798
15,854 41,944

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,254 9,546

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,400 3,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,600 13,600

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,254 9,546

The company has a government bounceback loan repayable over 10 years at 2.5%

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,254 26,546

Bank loans are secured against assets of the company.

HYDRAPRESS SERVICES LIMITED (REGISTERED NUMBER: 07350316)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 August 2024 in a director's current account, K Thomas owed the company £65,293
(2023: £19,028 was owed to the company. This was repaid in early April 2024 but further loans were subsequently taken from the company).

Interest receivable to the Company has been charged on this overdrawn balance at a rate of 3%.

12. GOING CONCERN

The financial statements have been prepared on a going concern basis. Although the balance sheet displayed a negative amount at the balance sheet date. The director has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.