IRIS Accounts Production v24.3.0.553 08235828 Board of Directors 1.11.23 31.10.24 31.10.24 Medium entities true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 Ordinary B 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082358282023-10-31082358282024-10-31082358282023-11-012024-10-31082358282022-10-31082358282022-11-012023-10-31082358282023-10-3108235828ns15:EnglandWales2023-11-012024-10-3108235828ns14:PoundSterling2023-11-012024-10-3108235828ns10:Director12023-11-012024-10-3108235828ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108235828ns10:MediumEntities2023-11-012024-10-3108235828ns10:Audited2023-11-012024-10-3108235828ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-11-012024-10-3108235828ns10:Medium-sizedCompaniesRegimeForAccounts2023-11-012024-10-3108235828ns10:FullAccounts2023-11-012024-10-3108235828ns10:OrdinaryShareClass12023-11-012024-10-3108235828ns10:OrdinaryShareClass22023-11-012024-10-31082358282ns10:OrdinaryShareClass22023-11-012024-10-3108235828ns10:Director22023-11-012024-10-3108235828ns10:Director32023-11-012024-10-3108235828ns10:CompanySecretary12023-11-012024-10-3108235828ns10:RegisteredOffice2023-11-012024-10-3108235828ns5:CurrentFinancialInstruments2023-10-3108235828ns5:CurrentFinancialInstruments2024-10-3108235828ns5:Non-currentFinancialInstruments2023-10-3108235828ns5:Non-currentFinancialInstruments2024-10-3108235828ns5:ShareCapital2023-10-3108235828ns5:ShareCapital2024-10-3108235828ns5:RetainedEarningsAccumulatedLosses2023-10-3108235828ns5:RetainedEarningsAccumulatedLosses2024-10-3108235828ns5:ShareCapital2022-10-3108235828ns5:RetainedEarningsAccumulatedLosses2022-10-3108235828ns5:ShareCapital2022-11-012023-10-3108235828ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-3108235828ns5:ShareCapital2023-11-012024-10-3108235828ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-3108235828ns5:PlantMachinery2023-11-012024-10-3108235828ns5:FurnitureFittings2023-11-012024-10-3108235828ns5:MotorVehicles2023-11-012024-10-3108235828ns5:ComputerEquipment2023-11-012024-10-3108235828ns5:OwnedAssets2023-11-012024-10-3108235828ns5:OwnedAssets2022-11-012023-10-3108235828112023-11-012024-10-3108235828112022-11-012023-10-3108235828122023-11-012024-10-3108235828122022-11-012023-10-3108235828ns10:OrdinaryShareClass12022-11-012023-10-3108235828ns5:PlantMachinery2023-10-3108235828ns5:FurnitureFittings2023-10-3108235828ns5:MotorVehicles2023-10-3108235828ns5:ComputerEquipment2023-10-3108235828ns5:PlantMachinery2024-10-3108235828ns5:FurnitureFittings2024-10-3108235828ns5:MotorVehicles2024-10-3108235828ns5:ComputerEquipment2024-10-3108235828ns5:PlantMachinery2023-10-3108235828ns5:FurnitureFittings2023-10-3108235828ns5:MotorVehicles2023-10-3108235828ns5:ComputerEquipment2023-10-3108235828ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108235828ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3108235828ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-10-3108235828ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3108235828ns5:WithinOneYear2024-10-3108235828ns5:WithinOneYear2023-10-3108235828ns5:BetweenOneFiveYears2024-10-3108235828ns5:BetweenOneFiveYears2023-10-3108235828ns5:AllPeriods2024-10-3108235828ns5:AllPeriods2023-10-3108235828ns5:DeferredTaxation2023-10-3108235828ns5:DeferredTaxation2023-11-012024-10-3108235828ns5:DeferredTaxation2024-10-3108235828ns10:OrdinaryShareClass12024-10-3108235828ns10:OrdinaryShareClass22024-10-3108235828ns5:RetainedEarningsAccumulatedLosses2023-10-31
REGISTERED NUMBER: 08235828 (England and Wales)














STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HYDRO WATER MANAGEMENT SOLUTIONS LTD

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditor 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


HYDRO WATER MANAGEMENT SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr B P Byrne
Mr J M Ford
Mr C Daws





SECRETARY: Mr C Daws





REGISTERED OFFICE: Randolph House
37 - 41 Longshut Lane West
Stockport
Cheshire
SK2 6RX





REGISTERED NUMBER: 08235828 (England and Wales)





AUDITOR: Richards Associates Limited
Statutory Auditor
North Lodge
Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their strategic report for the year ended 31 October 2024.

REVIEW OF BUSINESS
During the year the company continued to maintain market share in a difficult time for construction industry. The company achieved turnover of £16.85m (2023: £14.74m) and profit before taxation of £1.49m (2023: £0.93m).

KEY PERFORMANCE INDICATORS
The directors are satisfied with the performance of the company for the year and believe the company is well positioned to make further progress in the coming years.
The Key performance indicators used by management to monitor performance are as follows:

2024 2023
Revenue growth 14.32% (12.65%)
Operating profit to turnover 8.85% 6.29%
Profit on ordinary activities before
taxation

£1.49m

£0.93m

The Company's net asset value now stands at £2.00m (2023: £1.66m).

DEBTORS, CREDITORS AND FINANCIAL INSTRUMENTS
It is the Company's policy to agree the terms and conditions under which business transactions are conducted with each supplier. The company endeavours to pay all suppliers within payment terms where the supplier has provided goods and services in accordance with the terms and conditions of the contract. All loan repayments are made in accordance with the terms set out in the agreements.
The company continues to try to improve debtor collection period to help working capital.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors consider that the following are the principal risk factors that could materially and adversely affect the company's future operating profits or financial position.

Macroeconomic and political conditions
The company is dependant on the level of activity in the construction industry and is therefore susceptible tochanges in government policy, interest rates and any political or economic uncertainty.
Materials supply and pricing
The company is exposed to fluctuations in the cost of materials which have increased due to the volatility ofcrude oil prices the cost of haulage.
Competitors
There are a number of competitors to the company. To minimise the risk, we regularly review the marketplace and our competitors. The building of close relationships with our customers is key to maintaining our competitive advantage.
Financial Risk
Cash flow is essential and continuous management and review of the aged debt highlights any exposure or risk. Given the relationships we maintain with our customers our exposure to bad debt is limited.


HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

FUTURE PLANS
The Directors anticipate growth over the coming five years. This is down to a combination of organic and regional growth coupled with changes in legislation increasing the storage requirements of attenuation tanks on new construction sites.
They anticipate that current levels of profit and dividends are sustainable for the foreseeable future.

ON BEHALF OF THE BOARD:





Director


14 July 2025

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the design, supply and installation of stormwater management solutions and the supply and installation of gas membrane barriers.

DIVIDENDS
The total distribution for the year ended 31 October 2024 will be £740,379.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

Mr B P Byrne
Mr J M Ford
Mr C Daws

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditor is unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

AUDITOR
The auditor, Richards Associates Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr C Daws - Director


14 July 2025

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
HYDRO WATER MANAGEMENT SOLUTIONS LTD

Opinion
I have audited the financial statements of Hydro Water Management Solutions Ltd (the 'company') for the year ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In my opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
I conducted my audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. My responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of my report. I am independent of the company in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC's Ethical Standard, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion.

Conclusions relating to going concern
In auditing the financial statements, I have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

My responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and my Report of the Auditor thereon.

My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, I do not express any form of assurance conclusion thereon.

In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit or otherwise appears to be materially misstated. If I identify such material inconsistencies or apparent material misstatements, I am required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In my opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
HYDRO WATER MANAGEMENT SOLUTIONS LTD


Matters on which I am required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, I have not identified material misstatements in the Strategic Report or the Report of the Directors.

I have nothing to report in respect of the following matters where the Companies Act 2006 requires me to report to you if, in my opinion:
- adequate accounting records have not been kept, or returns adequate for my audit have not been received from branches not visited by me; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- I have not received all the information and explanations I require for my audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
HYDRO WATER MANAGEMENT SOLUTIONS LTD


Auditor's responsibilities for the audit of the financial statements
My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which my procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), I exercise professional judgement and maintain professional scepticism throughout the audit.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. I design procedures in line with my responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which my procedures are capable of detecting irregularities, including fraud is detailed below:
I communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit.

I ensured the engagement team had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

I obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations I considered in this context were the Companies Act 2006 and Taxation legislation.

I assessed the extent of compliance with the laws and regulations identified above, through enquiries of management and inspecting correspondence with HM Revenue & Customs. Remaining alert for instances of non-compliance throughout the audit. I responded to these risks by enquiring of management about their own identification and assessment of the risks including enquiries of management about their own identification and assessment of the risks of irregularities, performing analytical procedures to identify unusual transactions, sample testing journals and investigation the rationale behind significant or unusual transactions, and reviewing estimates for bias. Also agreeing the financial statement disclosures to underlying supporting documentation.

I assessed the susceptibility of the company's financial statements to material misstatement in respect of fraud, by making enquiries of management as to where they considered there was susceptibility to fraud, and knowledge of actual, suspected and alleged fraud. I considered the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

I made enquiries of management as to the existence of actual or potential litigation and claims.

Owing to the inherent limitations of an audit, there is an unavoidable risk that I may not have detected some material misstatements in the financial statements, even though I have properly planned and performed our audit in accordance with auditing standards. I am not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of my responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of my Report of the Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
HYDRO WATER MANAGEMENT SOLUTIONS LTD


Use of my report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My audit work has been undertaken so that I might state to the company's members those matters I am required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's members as a body, for my audit work, for this report, or for the opinions I have formed.




Anna Richards (Senior Statutory Auditor)
for and on behalf of Richards Associates Limited
Statutory Auditor
North Lodge
Hawkesyard
Armitage Lane
Rugeley
Staffordshire
WS15 1PS

15 July 2025

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

31.10.23 31.10.24
£    Notes £   

14,741,597 TURNOVER 16,852,429

(12,420,739 ) Cost of sales (14,067,026 )
2,320,858 GROSS PROFIT 2,785,403

(1,356,309 ) Administrative expenses (1,288,223 )
964,549 OPERATING PROFIT 4 1,497,180

- Interest receivable and similar income 4,966
964,549 1,502,146

(37,055 ) Interest payable and similar expenses 5 (11,052 )
927,494 PROFIT BEFORE TAXATION 1,491,094

(209,975 ) Tax on profit 6 (374,733 )
717,519 PROFIT FOR THE FINANCIAL YEAR 1,116,361

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2024

31.10.23 31.10.24
£    Notes £   

717,519 PROFIT FOR THE YEAR 1,116,361


- OTHER COMPREHENSIVE INCOME -
717,519 TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,116,361

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

BALANCE SHEET
31 OCTOBER 2024

31.10.23 31.10.24
£    £    Notes £    £   
FIXED ASSETS
46,279 Tangible assets 8 47,453

CURRENT ASSETS
221,763 Stocks 9 116,059
3,741,951 Debtors 10 3,290,592
1,797,599 Cash at bank 2,655,079
5,761,313 6,061,730
CREDITORS
4,061,975 Amounts falling due within one year 11 4,059,508
1,699,338 NET CURRENT ASSETS 2,002,222
1,745,617 TOTAL ASSETS LESS CURRENT
LIABILITIES

2,049,675

CREDITORS
(72,220 ) Amounts falling due after more than one
year

12

-

(11,570 ) PROVISIONS FOR LIABILITIES 15 (11,863 )
1,661,827 NET ASSETS 2,037,812

CAPITAL AND RESERVES
300 Called up share capital 16 303
1,661,527 Retained earnings 17 2,037,509
1,661,827 SHAREHOLDERS' FUNDS 2,037,812

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





Mr C Daws - Director


HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 November 2022 270 1,383,680 1,383,950

Changes in equity
Issue of share capital 30 - 30
Dividends - (439,672 ) (439,672 )
Total comprehensive income - 717,519 717,519
Balance at 31 October 2023 300 1,661,527 1,661,827

Changes in equity
Issue of share capital 3 - 3
Dividends - (740,379 ) (740,379 )
Total comprehensive income - 1,116,361 1,116,361
Balance at 31 October 2024 303 2,037,509 2,037,812

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

31.10.23 31.10.24
£    Notes £   
Cash flows from operating activities
1,341,381 Cash generated from operations 1 1,916,678
(37,055 ) Interest paid (11,052 )
(284,373 ) Tax paid (210,842 )
1,019,953 Net cash from operating activities 1,694,784

Cash flows from investing activities
(48,539 ) Purchase of tangible fixed assets (24,830 )
27,000 Sale of tangible fixed assets -
- Interest received 4,966
(21,539 ) Net cash from investing activities (19,864 )

Cash flows from financing activities
(181,635 ) Loan repayments in year (77,061 )
1,270 Amount introduced by directors -
- Amount withdrawn by directors (3 )
30 Share issue 3
(439,672 ) Equity dividends paid (740,379 )
(620,007 ) Net cash from financing activities (817,440 )

378,407 Increase in cash and cash equivalents 857,480
1,419,192 Cash and cash equivalents at beginning of
year

2

1,797,599

1,797,599 Cash and cash equivalents at end of year 2 2,655,079

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31.10.24 31.10.23
£    £   
Profit before taxation 1,491,094 927,494
Depreciation charges 23,654 18,941
Loss on disposal of fixed assets - 5,950
Finance costs 11,052 37,055
Finance income (4,966 ) -
1,520,834 989,440
Decrease/(increase) in stocks 105,704 (123,728 )
Decrease/(increase) in trade and other debtors 451,359 (169,193 )
(Decrease)/increase in trade and other creditors (161,219 ) 644,862
Cash generated from operations 1,916,678 1,341,381

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2024
31.10.24 1.11.23
£    £   
Cash and cash equivalents 2,655,079 1,797,599
Year ended 31 October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 1,797,599 1,419,192


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.23 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank 1,797,599 857,480 2,655,079
1,797,599 857,480 2,655,079
Debt
Debts falling due within 1 year (77,063 ) 4,843 (72,220 )
Debts falling due after 1 year (72,220 ) 72,220 -
(149,283 ) 77,063 (72,220 )
Total 1,648,316 934,543 2,582,859

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

1. STATUTORY INFORMATION

Hydro Water Management Solutions Ltd 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The presentation of the financial statements requires judgements, estimations and assumptions to be made that affect the reported values of assets, liabilities, revenue and expenses. The nature of estimation and judgement means that actual outcomes could differ from those estimates. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measure reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.


HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of the three month or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

2. ACCOUNTING POLICIES - continued

Going concern
The directors expect the company to continue operating on a going concern basis for the next 12 months.Thus the accounts have been prepared on a going concern basis.

Financial instruments
Financial instruments are recognised at fair value using a valuation technique with any gains or losses being reported in profit or loss. Outstanding derivatives at reporting date are included under the appropriate format heading depending on the nature of the derivative.

Bad debts
Unpaid amounts contractually due by customers relating to services supplied are written off to bad debts.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS
31.10.24 31.10.23
£    £   
Wages and salaries 740,830 588,960
Social security costs 72,199 62,933
Other pension costs 154,775 354,040
967,804 1,005,933

The average number of employees during the year was as follows:
31.10.24 31.10.23

Office & Management staff 7 7
Production & Sales staff 13 15
20 22

31.10.24 31.10.23
£    £   
Directors' remuneration 99,288 27,288

Directors' pensions paid £132,000 (2023: £332,000)

4. OPERATING PROFIT

The operating profit is stated after charging:

31.10.24 31.10.23
£    £   
Other operating leases 42,464 25,766
Depreciation - owned assets 23,656 18,941
Loss on disposal of fixed assets - 5,950
Auditors' remuneration 6,000 6,000
Accountancy and professional fees 5,200 4,720

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.10.24 31.10.23
£    £   
Bank loan interest 11,052 37,055

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.10.24 31.10.23
£    £   
Current tax:
UK corporation tax 374,440 210,813

Deferred tax 293 (838 )
Tax on profit 374,733 209,975

UK corporation tax has been charged at 25% .

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.10.24 31.10.23
£    £   
Profit before tax 1,491,094 927,494
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

372,774

231,874

Effects of:
Expenses not deductible for tax purposes 1,960 1,618
Capital allowances in excess of depreciation (294 ) -
Depreciation in excess of capital allowances - 560
Deferred tax movement 293 (838 )
Effects of changes in income tax rates - (23,239 )
Total tax charge 374,733 209,975

Change in corporation tax rate
UK corporation tax rate has increased from 19% to 25% from April 2023.

7. DIVIDENDS
31.10.24 31.10.23
£    £   
Ordinary shares of £1 each
Interim 740,379 439,672

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 November 2023 87,828 23,678 14,721 35,294 14,135
Additions 24,830 10,540 9,874 - 4,416
At 31 October 2024 112,658 34,218 24,595 35,294 18,551
DEPRECIATION
At 1 November 2023 41,549 7,130 8,084 19,118 7,217
Charge for year 23,656 6,668 2,708 8,823 5,457
At 31 October 2024 65,205 13,798 10,792 27,941 12,674
NET BOOK VALUE
At 31 October 2024 47,453 20,420 13,803 7,353 5,877
At 31 October 2023 46,279 16,548 6,637 16,176 6,918

9. STOCKS
31.10.24 31.10.23
£    £   
Stocks 100,552 43,843
Work-in-progress 15,507 177,920
116,059 221,763

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,036,020 3,208,040
Provisions for bad debt (26,935 ) (114,303 )
VAT 220,070 520,532
Prepayments 61,437 127,682
3,290,592 3,741,951

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts (see note 13) 72,220 77,063
Trade creditors 3,359,683 3,493,307
Tax 374,411 210,813
Paye control account 16,200 16,374
CIS control account - 646
Pension control 3,417 3,529
Directors' current accounts 25,791 25,794
Accruals and deferred income 207,786 234,449
4,059,508 4,061,975

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 13) - 72,220

13. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due within one year or on demand:
Bank loans less than 1 yr 72,220 77,063

Amounts falling due between one and two years:
Bank loans - 1-2 years - 72,220

The loans are carrying interest rates of between approximately 6% and 10%.
The Funding Circle loan repayment started on 24 November 2021. The outstanding balance must be repaid in full by 26 October 2025.

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 21,000 21,000
Between one and five years 33,250 54,250
54,250 75,250

15. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 11,863 11,570

Deferred
tax
£   
Balance at 1 November 2023 11,570
Charge to Income Statement during year 293
Balance at 31 October 2024 11,863

None of the deferred tax liability set out above is expected to reverse within 12 month of the balance sheet date.

The main rate of corporation tax has increased to 25% from 1 April 2023. The deferred tax liability has been calculated at this higher rate.

HYDRO WATER MANAGEMENT SOLUTIONS LTD (REGISTERED NUMBER: 08235828)

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

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
300 Ordinary £1 300 300
3 Ordinary B £1 3 -
303 300

3 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.

17. RESERVES
Retained
earnings
£   

At 1 November 2023 1,661,527
Profit for the year 1,116,361
Dividends (740,379 )
At 31 October 2024 2,037,509

18. RELATED PARTY DISCLOSURES

During the year, total dividends of £740,379 were paid to the directors and the shareholders.
Included in creditors is an amount due to a director of the company amounting to £25,791 (2023: £25,794) and is interest free loan.

During the year £40,019 (2023: £64,747) was charged for rent, utilities and health and safety management fees by Taurus Enterprise (UK) Ltd, which has a common director.
Included within trade creditors is an amount owing to Taurus Enterprise (UK) Ltd £2,953 (2023: £0.00).

19. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Daws by virtue of his majority shareholding in the company.

20. SECURED DEBTS

The company has fixed and floating charges in favour of Marketinvoice Ltd to secure a factoring facility in case the company wants to use it. The floating charges cover all the property or undertakings of the company.