Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-05-312024-10-31No description of principal activity2023-11-01false3839falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC206890 2023-11-01 2024-10-31 SC206890 2022-11-01 2023-10-31 SC206890 2024-10-31 SC206890 2023-10-31 SC206890 c:Director2 2023-11-01 2024-10-31 SC206890 c:Director2 2024-10-31 SC206890 c:Director3 2023-11-01 2024-10-31 SC206890 c:Director4 2023-11-01 2024-10-31 SC206890 c:Director4 2024-10-31 SC206890 c:Director5 2023-11-01 2024-10-31 SC206890 c:Director6 2023-11-01 2024-10-31 SC206890 c:RegisteredOffice 2023-11-01 2024-10-31 SC206890 d:Buildings 2023-11-01 2024-10-31 SC206890 d:Buildings 2024-10-31 SC206890 d:Buildings 2023-10-31 SC206890 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:PlantMachinery 2023-11-01 2024-10-31 SC206890 d:PlantMachinery 2024-10-31 SC206890 d:PlantMachinery 2023-10-31 SC206890 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:MotorVehicles 2023-11-01 2024-10-31 SC206890 d:MotorVehicles 2024-10-31 SC206890 d:MotorVehicles 2023-10-31 SC206890 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:OfficeEquipment 2023-11-01 2024-10-31 SC206890 d:OfficeEquipment 2024-10-31 SC206890 d:OfficeEquipment 2023-10-31 SC206890 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 SC206890 d:OtherPropertyPlantEquipment 2024-10-31 SC206890 d:OtherPropertyPlantEquipment 2023-10-31 SC206890 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC206890 d:CurrentFinancialInstruments 2024-10-31 SC206890 d:CurrentFinancialInstruments 2023-10-31 SC206890 d:Non-currentFinancialInstruments 2024-10-31 SC206890 d:Non-currentFinancialInstruments 2023-10-31 SC206890 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC206890 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC206890 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC206890 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC206890 d:ShareCapital 2024-10-31 SC206890 d:ShareCapital 2023-10-31 SC206890 d:SharePremium 2024-10-31 SC206890 d:SharePremium 2023-10-31 SC206890 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC206890 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC206890 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC206890 c:OrdinaryShareClass1 2024-10-31 SC206890 c:OrdinaryShareClass1 2023-10-31 SC206890 c:FRS102 2023-11-01 2024-10-31 SC206890 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC206890 c:FullAccounts 2023-11-01 2024-10-31 SC206890 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC206890 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC206890










HYDRUS ENERGY ENGINEERING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
HYDRUS ENERGY ENGINEERING LIMITED
 

COMPANY INFORMATION


DIRECTORS
Martin F Anderson (resigned 31 May 2024)
Graeme Matthew 
Shona J Hendry (appointed 1 July 2024)
Graham Shewan 
Michael Donald 




REGISTERED NUMBER
SC206890



REGISTERED OFFICE
Units 14-15
Brechin Business Park

Brechin

Angus

DD9 6RJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
HYDRUS ENERGY ENGINEERING LIMITED
REGISTERED NUMBER: SC206890

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,679,030
1,987,156

  
2,679,030
1,987,156

CURRENT ASSETS
  

Stocks
  
214,232
789,232

Debtors: amounts falling due within one year
 5 
1,750,610
1,150,116

Cash at bank and in hand
  
685,216
509,844

  
2,650,058
2,449,192

Creditors: amounts falling due within one year
 6 
(975,486)
(1,517,456)

NET CURRENT ASSETS
  
 
 
1,674,572
 
 
931,736

TOTAL ASSETS LESS CURRENT LIABILITIES
  
4,353,602
2,918,892

Creditors: amounts falling due after more than one year
 7 
(890,649)
(530,017)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(141,164)
(134,343)

  
 
 
(141,164)
 
 
(134,343)

NET ASSETS
  
3,321,789
2,254,532


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Share premium account
  
74,990
74,990

Profit and loss account
  
3,246,699
2,179,442

  
3,321,789
2,254,532


Page 1

 
HYDRUS ENERGY ENGINEERING LIMITED
REGISTERED NUMBER: SC206890

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.




Graeme Matthew
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Hydrus Energy Engineering Limited is a private company, limited by shares, incorporated in Scotland with registration number SC206890. The registered office is Units 14-15, Brechin Business Park, West Road, Brechin, Angus, DD9 6JR.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
Nil
Plant and machinery
-
10-33%
Motor vehicles
-
25-33%
Office equipment
-
10-50%
Other fixed assets
-
10-20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

No depreciation has been provided on the land and building as the directors are of the opinion that the buildings concerned are maintained to a high standard through a programme of refurbishment and maintenance. As a consequence, the life of the building and their residual values are such that any depreciation change would be immaterial.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 38 (2023 - 39).

Page 5

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


TANGIBLE FIXED ASSETS





Land and buildings
Tenants improvements
Plant and machinery
Motor vehicles
Office equipment

£
£
£
£
£



COST OR VALUATION


At 1 November 2023
1,257,351
345,206
1,181,968
108,724
133,449


Additions
561,520
9,150
230,089
72,721
8,011


Disposals
-
-
(7,305)
(49,998)
-



At 31 October 2024

1,818,871
354,356
1,404,752
131,447
141,460



DEPRECIATION


At 1 November 2023
-
107,957
787,906
47,841
95,838


Charge for the year on owned assets
-
15,888
106,525
29,509
11,302


Disposals
-
-
(228)
(30,682)
-



At 31 October 2024

-
123,845
894,203
46,668
107,140



NET BOOK VALUE



At 31 October 2024
1,818,871
230,511
510,549
84,779
34,320



At 31 October 2023
1,257,351
237,249
394,062
60,883
37,611
Page 6

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           4.TANGIBLE FIXED ASSETS (CONTINUED)


Total

£



COST OR VALUATION


At 1 November 2023
3,026,698


Additions
881,491


Disposals
(57,303)



At 31 October 2024

3,850,886



DEPRECIATION


At 1 November 2023
1,039,542


Charge for the year on owned assets
163,224


Disposals
(30,910)



At 31 October 2024

1,171,856



NET BOOK VALUE



At 31 October 2024
2,679,030



At 31 October 2023
1,987,156


5.


DEBTORS

2024
2023
£
£


Trade debtors
880,082
910,904

Amounts owed by group undertakings
793,637
212,357

Other debtors
51,674
2,200

Prepayments and accrued income
25,217
24,655

1,750,610
1,150,116


Page 7

 
HYDRUS ENERGY ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
73,142
24,334

Trade creditors
571,808
778,485

Other taxation and social security
130
93,750

Obligations under finance lease and hire purchase contracts
49,217
47,751

Other creditors
164,052
548,393

Accruals and deferred income
117,137
24,743

975,486
1,517,456


The bank loans are secured over the property of the company and the bank also has a bond and floating charge over all the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
834,933
456,710

Net obligations under finance leases and hire purchase contracts
55,716
73,307

890,649
530,017


The bank loans are secured over the property of the company and the bank also has a bond and floating charge over all of the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.
Included within bank loans due after more than 1 year are instalments totalling £542,371 (2023 - £359,375) which are due after 5 years.


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 8