9 false false true false false false false false false false true false false false false false true No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC204853 2024-04-01 2025-03-31 SC204853 2025-03-31 SC204853 2024-03-31 SC204853 2023-04-01 2024-03-31 SC204853 2024-03-31 SC204853 2023-03-31 SC204853 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 SC204853 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 SC204853 core:FurnitureFittings 2024-04-01 2025-03-31 SC204853 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC204853 bus:Director5 2024-04-01 2025-03-31 SC204853 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 SC204853 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 SC204853 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 SC204853 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 SC204853 core:FurnitureFittings 2025-03-31 SC204853 core:WithinOneYear 2025-03-31 SC204853 core:WithinOneYear 2024-03-31 SC204853 core:AfterOneYear 2025-03-31 SC204853 core:AfterOneYear 2024-03-31 SC204853 core:ShareCapital 2025-03-31 SC204853 core:ShareCapital 2024-03-31 SC204853 core:SharePremium 2025-03-31 SC204853 core:SharePremium 2024-03-31 SC204853 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC204853 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC204853 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 SC204853 bus:SmallEntities 2024-04-01 2025-03-31 SC204853 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC204853 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC204853 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC204853 bus:FullAccounts 2024-04-01 2025-03-31 SC204853 bus:OrdinaryShareClass1 2025-03-31 SC204853 bus:OrdinaryShareClass1 2024-03-31
COMPANY REGISTRATION NUMBER: SC204853
Hydrosense Limited
Filleted Unaudited Financial Statements
31 March 2025
Hydrosense Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed Assets
Intangible assets
5
241,894
254,189
Tangible assets
6
1,129
308
---------
---------
243,023
254,497
Current Assets
Stocks
93,415
110,145
Debtors
7
248,420
193,184
Cash at bank and in hand
194,484
246,552
---------
---------
536,319
549,881
Creditors: amounts falling due within one year
8
247,268
307,055
---------
---------
Net Current Assets
289,051
242,826
---------
---------
Total Assets Less Current Liabilities
532,074
497,323
Creditors: amounts falling due after more than one year
9
11,846
27,397
---------
---------
Net Assets
520,228
469,926
---------
---------
Capital and Reserves
Called up share capital
10
277,224
277,224
Share premium account
677,240
677,240
Profit and loss account
( 434,236)
( 484,538)
---------
---------
Shareholders Funds
520,228
469,926
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hydrosense Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 13 June 2025 , and are signed on behalf of the board by:
G Rankin
Director
Company registration number: SC204853
Hydrosense Limited
Notes to the Financial Statements
Year Ended 31 March 2025
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Suite 2, Ground FLoor Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Patents
Patent costs are capitalised and will be amortised in line with the associated development costs.
Going Concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. In making this assessment, the directors have considered the company’s financial position, its recent trading performance, and forecasts for the future. Based on current projections and the absence of any material uncertainties, the directors believe the company is well positioned to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.
Disclosure Exemptions
The company has taken advantage of the small companies’ exemption under section 477 of the Companies Act 2006. An audit was carried out in accordance with the Companies Act 2006.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue Recognition
The turnover shown in the statement of income and retained earnings represents goods sold during the year, exclusive of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign Currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible Assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
20% straight line
Trademarks
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and Development
Deferred development expenditure is written off in the year in which it is incurred, except where expenditure is made on a clearly defined project whose outcome can be assessed with a reasonable certainty as to its technical feasibility and ultimate commercial viability. Where this is the case, these costs will be carried forward and amortisation will commence when the product has reached a stage where it can achieve a sales value.incurred.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government Grants
Government grants received in respect of deferred development expenditure are credited to deferred income and are then written off to the profit and loss account over the same period as the corresponding deferred development expenditure is amortised. Government grants received in respect of revenue expenditure are credited to the profit and loss account in the same period as the expenditure was incurred.liability.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.recognised.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).
5. Intangible Assets
Development costs
Patents, trademarks and licences
Total
£
£
£
Cost
At 1 April 2024
1,126,118
10,889
1,137,007
Additions
94,295
94,295
------------
--------
------------
At 31 March 2025
1,220,413
10,889
1,231,302
------------
--------
------------
Amortisation
At 1 April 2024
871,929
10,889
882,818
Charge for the year
106,590
106,590
------------
--------
------------
At 31 March 2025
978,519
10,889
989,408
------------
--------
------------
Carrying amount
At 31 March 2025
241,894
241,894
------------
--------
------------
At 31 March 2024
254,189
254,189
------------
--------
------------
6. Tangible Assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2024
10,075
10,075
Additions
361
954
1,315
----
--------
--------
At 31 March 2025
361
11,029
11,390
----
--------
--------
Depreciation
At 1 April 2024
9,767
9,767
Charge for the year
25
469
494
----
--------
--------
At 31 March 2025
25
10,236
10,261
----
--------
--------
Carrying amount
At 31 March 2025
336
793
1,129
----
--------
--------
At 31 March 2024
308
308
----
--------
--------
7. Debtors
2025
2024
£
£
Trade debtors
178,278
147,238
Other debtors
70,142
45,946
---------
---------
248,420
193,184
---------
---------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,648
10,648
Trade creditors
58,506
85,563
Social security and other taxes
5,735
12,103
Other creditors
172,379
198,741
---------
---------
247,268
307,055
---------
---------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
9,419
12,602
Other creditors
2,427
14,795
--------
--------
11,846
27,397
--------
--------
10. Called Up Share Capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
277,224
277,224
277,224
277,224
---------
---------
---------
---------
11. Related Party Transactions
The company was under the control of the directors throughout the current and previous year. The directors do not consider the company to have an ultimate controlling party. A company controlled by a director provided goods and services during the year amounting to £109,228 (2024 - £97,445). The amount outstanding at the year end was £8,346 (2024 - £18,493). This amount was included within trade creditors at the year end.