2023-10-01 07388067 2024-09-30 07388067 2023-10-01 2024-09-30 07388067 2023-09-30 07388067 2022-10-01 2023-09-30 07388067 uk-core:WithinOneYear 2023-09-30 07388067 uk-core:WithinOneYear 2024-09-30 07388067 uk-core:AfterOneYear 2023-09-30 07388067 uk-core:AfterOneYear 2024-09-30 07388067 uk-core:ShareCapital 2024-09-30 07388067 uk-core:ShareCapital 2023-09-30 07388067 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 07388067 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 07388067 uk-bus:Director1 2023-10-01 2024-09-30 07388067 uk-core:Buildings 2023-10-01 2024-09-30 07388067 uk-core:PlantMachinery 2023-10-01 2024-09-30 07388067 uk-core:ToolsEquipment 2023-10-01 2024-09-30 07388067 uk-core:CommercialMotorVehicles 2023-10-01 2024-09-30 07388067 uk-core:FurnitureFittings 2023-10-01 2024-09-30 07388067 uk-core:ToolsEquipment 2023-09-30 07388067 uk-core:FurnitureFittings 2023-09-30 07388067 uk-core:CommercialMotorVehicles 2023-09-30 07388067 uk-core:PlantMachinery 2023-09-30 07388067 uk-core:Buildings 2023-09-30 07388067 uk-core:Buildings 2024-09-30 07388067 uk-core:CommercialMotorVehicles 2024-09-30 07388067 uk-core:FurnitureFittings 2024-09-30 07388067 uk-core:ToolsEquipment 2024-09-30 07388067 uk-core:PlantMachinery 2024-09-30 07388067 uk-core:WithinOneYear 2024-09-30 07388067 uk-core:WithinOneYear 2023-09-30 07388067 uk-core:AfterOneYear uk-core:Secured 2024-09-30 07388067 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure 07388067 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07388067 uk-bus:FRS102 2023-10-01 2024-09-30 07388067 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 07388067 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Hydratech Engineering Limited
Registered Number:07388067
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Hydratech Engineering Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07388067
As at 30 September 2024
Hydratech Engineering Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
222,542
239,021
2
222,542
239,021
Current assets
Inventories
156,318
132,159
3
Trade and other receivables
505,485
532,593
4
483,180
Cash and cash equivalents
417,522
1,082,274
1,144,983
Trade and other payables: amounts falling due within one
year
(621,433)
(605,254)
5
523,550
477,020
Net current assets
Total assets less current liabilities
699,562
762,571
Trade and other payables: amounts falling due after more
than one year
(169,823)
(131,182)
6
(29,343)
(34,758)
Provisions for liabilities
539,037
Net assets
557,990
Capital and reserves
Called up share capital
102
102
Retained earnings
538,935
557,888
539,037
557,990
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
All the members have consented to the preparation of an Abridged Income Statement for the year ended 30 September 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07388067
For the year ended 30 September 2024
Hydratech Engineering Limited
Statement of Financial Position Continued
Mr Richard Bailey Director
These financial statements were approved and authorised for issue by the Board on 11 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 September 2024
Hydratech Engineering Limited
Notes to the Financial Statements
Statutory Information
Hydratech Engineering Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07388067.
Registered address:
Unit 3 & 4
Royson Way, Hurn Road
Dereham
Norfolk
NR19 1WD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
5 Straight line
Plant and machinery
25 Reducing balance
25 Reducing balance
Computer equipment
20 Reducing balance
Motor vehicles
20 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 September 2024
Hydratech Engineering Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 October
2023
501,349
94,971
27,378
264,467
89,905
24,628
72,259
9,445
-
62,814
-
-
Additions
-
-
(30,058)
-
-
Disposals
(30,058)
At 30 September
2024
24,628
297,223
27,378
104,416
543,550
89,905
Provision for depreciation and impairment
At 01 October
2023
262,328
76,641
20,611
84,145
77,400
3,531
Charge for year
70,703
6,929
1,354
58,063
3,126
1,231
(12,023)
-
-
(12,023)
-
-
On disposal
At 30 September
2024
321,008
83,570
21,965
130,185
80,526
4,762
At 30 September
2024
Net book value
19,866
9,379
167,038
5,413
20,846
222,542
21,097
12,505
180,322
6,767
18,330
239,021
At 30 September
2023
3. Inventories
2023
2024
£
£
Stocks
132,159
156,318
4. Trade and other receivables
2023
2024
£
£
Trade debtors
518,014
492,109
Other debtors
14,579
13,376
505,485
532,593
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7
For the year ended 30 September 2024
Hydratech Engineering Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
6,666
10,000
Trade creditors
294,445
312,101
Taxation and social security
134,067
110,307
Other creditors
170,076
189,025
605,254
621,433
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,000
16,666
Other creditors
121,182
153,157
131,182
169,823
7. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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