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Registered number: 05123078
Fuel Cell Sensors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
HSJ Accountants Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr L Wallington
Secretary Mr L Wallington
Company Number 05123078
Registered Office Severn House
Hazell Drive
Newport
NP10 8FY
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
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Balance Sheet
Registered number: 05123078
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,261 82,715
Investments 5 1,115,109 1,075,313
1,199,370 1,158,028
CURRENT ASSETS
Stocks 6 77,520 199,086
Debtors 7 105,430 33,805
Cash at bank and in hand 1,037,761 1,366,366
1,220,711 1,599,257
Creditors: Amounts Falling Due Within One Year 8 (258,230 ) (61,116 )
NET CURRENT ASSETS (LIABILITIES) 962,481 1,538,141
TOTAL ASSETS LESS CURRENT LIABILITIES 2,161,851 2,696,169
NET ASSETS 2,161,851 2,696,169
CAPITAL AND RESERVES
Called up share capital 9 400 400
Capital redemption reserve 1,600 1,600
Profit and Loss Account 2,159,851 2,694,169
SHAREHOLDERS' FUNDS 2,161,851 2,696,169
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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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 21 August 2025 and were signed on its behalf by:
Mr L Wallington
Director
21 August 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Fuel Cell Sensors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05123078 . The registered office is Severn House, Hazell Drive, Newport, NP10 8FY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 75,752 14,250 21,251 111,253
Additions - - 3,464 3,464
As at 31 March 2025 75,752 14,250 24,715 114,717
Depreciation
As at 1 April 2024 - 12,885 15,653 28,538
Provided during the period - 341 1,577 1,918
As at 31 March 2025 - 13,226 17,230 30,456
Net Book Value
As at 31 March 2025 75,752 1,024 7,485 84,261
As at 1 April 2024 75,752 1,365 5,598 82,715
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5. Investments
Listed
£
Cost
As at 1 April 2024 1,075,313
Fair value adjustments 39,796
As at 31 March 2025 1,115,109
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,115,109
As at 1 April 2024 1,075,313
6. Stocks
2025 2024
£ £
Materials 77,520 199,086
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 104,829 29,921
Other debtors 601 3,884
105,430 33,805
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 732 -
Other creditors 15,509 13,033
Taxation and social security 241,989 48,083
258,230 61,116
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 400 400
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