Company registration number 11782757 (England and Wales)
HYBRID RESOURCE MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
HYBRID RESOURCE MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HYBRID RESOURCE MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
685,838
58,052
Current assets
Debtors
4
1,562,436
1,105,593
Cash at bank and in hand
3,085,505
2,278,881
4,647,941
3,384,474
Creditors: amounts falling due within one year
5
(1,145,520)
(673,730)
Net current assets
3,502,421
2,710,744
Total assets less current liabilities
4,188,259
2,768,796
Provisions for liabilities
(14,515)
(13,630)
Net assets
4,173,744
2,755,166
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
4,173,740
2,755,162
Total equity
4,173,744
2,755,166

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 5 August 2025 and are signed on its behalf by:
Ms M Richards
Director
Company registration number 11782757 (England and Wales)
HYBRID RESOURCE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Hybrid Resource Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Tregarne Terrace, St Austell, Cornwall, PL25 4DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% per annum on the straight line method
Leasehold improvements
25% per annum on the straight line method
Fixtures and fittings
25% per annum on the straight line method
PFPE and survival equipment
25% per annum on the straight line method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
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 three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

HYBRID RESOURCE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
54
48
HYBRID RESOURCE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
PFPE and survival equipment
Total
£
£
£
£
£
Cost
At 1 February 2024
2,750
27,293
19,208
116,091
165,342
Additions
645,120
-
0
8,455
24,332
677,907
Disposals
-
0
(27,293)
(5,892)
(2,917)
(36,102)
At 31 January 2025
647,870
-
0
21,771
137,506
807,147
Depreciation and impairment
At 1 February 2024
55
26,456
10,360
70,419
107,290
Depreciation charged in the year
12,957
-
0
5,039
29,521
47,517
Eliminated in respect of disposals
-
0
(26,456)
(4,125)
(2,917)
(33,498)
At 31 January 2025
13,012
-
0
11,274
97,023
121,309
Carrying amount
At 31 January 2025
634,858
-
0
10,497
40,483
685,838
At 31 January 2024
2,695
837
8,848
45,672
58,052
4
Debtors: amounts falling due within one year
2025
2024
£
£
Trade debtors
782,855
864,606
Other debtors
779,581
240,987
1,562,436
1,105,593
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
168,686
83,650
Corporation tax
525,192
237,909
Other taxation and social security
271,977
254,737
Other creditors
179,665
97,434
1,145,520
673,730
HYBRID RESOURCE MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
6
Capital commitments

Amounts contracted for but not provided in the financial statements:

2025
2024
£
£
Acquisition of tangible fixed assets
-
499,800
8
Directors' transactions

During the year, a loan of £170,000 with interest charged at 4.5% was provided to Glamis Properties Limited. Mr S Potter, director, is a 50% shareholder and director of Glamis Properties Limited. The balance outstanding at 31 January 2025 is £170,000.

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