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Registration number: 2427103

Hydrastore Limited
Filleted Financial Statements
for the Year Ended 31 December 2024

Hydrastore Limited

Registration number: 2427103
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 26,874 | 39,665
Tangible assets | 5 | 394,201 | 384,960
|  | 421,075 | 424,625
Current assets |  |  |
Stocks |  | 2,397,680 | 2,491,591
Debtors | 6 | 1,594,346 | 2,374,709
Cash at bank and in hand |  | 180,588 | 102,811
|  | 4,172,614 | 4,969,111
Creditors: Amounts falling due within one year | 7 | (1,046,213) | (2,021,357)
Net current assets |  | 3,126,401 | 2,947,754
Total assets less current liabilities |  | 3,547,476 | 3,372,379
Provisions for liabilities |  | (74,971) | (78,554)
Net assets |  | 3,472,505 | 3,293,825
Capital and reserves |  |  |
Called up share capital | 8 | 73,000 | 73,000
Retained earnings |  | 3,399,505 | 3,220,825
Shareholders' funds |  | 3,472,505 | 3,293,825

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 August 2025 and signed on its behalf by:

Mr S J Owen Director |  |

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Sandtoft Industrial Estate
Belton
Doncaster
South Yorkshire
DN9 1PN

Registration number: 2427103

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102
Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small
companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Audit report

The Independent Auditors' Report was qualified.
We were not appointed as auditor of the company until after 31 December 2023 and thus did not observe the counting of physical inventories at the start of 2023. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 December 2022 of £1,887,805, by using other audit procedures. Consequently we were unable to determine whether there was any consequential effect on the cost of sales for the year ended 31 December 2023. Our audit opinion on the financial statements for the year ended 31 December 2023 was modified accordingly.Our opinion on the current period’s financial statements is also modified because of the possible effect of this matter on the comparability of the current period’s figures and the corresponding figures.
The name of the Senior Statutory Auditor who signed the audit report on 21 August 2025 was Robert Smith BSc FCA, who signed for and on behalf of RNS Chartered Accountants.

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
-the amount of revenue can be reliably measured;
-it is probable that future economic benefits will flow to the entity;
-and specific criteria have been met for each of the company's activities.

Tax

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

The current 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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | 15% on written down value
Motor vehicles | 25% on written down value
Property improvements | 15% on written down value

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other intangible assets | 25% on cost

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 44 (2023 - 41).

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 51,163 | 51,163
At 31 December 2024 | 51,163 | 51,163
Amortisation
At 1 January 2024 | 11,498 | 11,498
Amortisation charge | 12,791 | 12,791
At 31 December 2024 | 24,289 | 24,289
Carrying amount
At 31 December 2024 | 26,874 | 26,874
At 31 December 2023 | 39,665 | 39,665

5 | Tangible assets

| Property improvements £ | Fixtures, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2024 | 277,142 | 839,220 | 84,374 | 1,200,736
Additions | 49,518 | 39,578 | 30,750 | 119,846
Disposals | (16,467) | (15,472) | (15,163) | (47,102)
At 31 December 2024 | 310,193 | 863,326 | 99,961 | 1,273,480
Depreciation
At 1 January 2024 | 180,335 | 568,162 | 67,279 | 815,776
Charge for the year | 24,839 | 76,567 | 8,907 | 110,313
Eliminated on disposal | (16,467) | (15,472) | (14,871) | (46,810)
At 31 December 2024 | 188,707 | 629,257 | 61,315 | 879,279
Carrying amount
At 31 December 2024 | 121,486 | 234,069 | 38,646 | 394,201
At 31 December 2023 | 96,807 | 271,058 | 17,095 | 384,960

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 1,395,416 | 1,534,428
Prepayments | 71,316 | 63,502
Other debtors | 127,614 | 776,779
| 1,594,346 | 2,374,709

7 | Creditors

| 2024 £ | 2023 £
Due within one year |  |
Trade payables | 765,672 | 1,136,446
Amounts due to related parties | 19,493 | 290,447
Social security and other taxes | 209,062 | 352,646
Other payables | 51,986 | 241,818
| 1,046,213 | 2,021,357

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 73,000 | 73,000 | 73,000 | 73,000

Hydrastore Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

9 | Parent and ultimate parent undertaking

The company's immediate parent is Douglas C. Adams & Company Limited, incorporated in the UK.The ultimate parent is OWLE Limited, incorporated in the UK.

The parent of the largest group in which these financial statements are consolidated is OWLE Limited, incorporated in UK.

The address of OWLE Limited is:
Hydrastore Ltd
Sandtoft Industrial Estate
Belton
DN9 1PN