REGISTERED NUMBER: 09216365 (England and Wales)

HYDROPATH TECHNOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms J Burchell

Mrs A S Wainwright

Mrs D A Stefanini

REGISTERED OFFICE:

C/o Browne Jacobson LLP

6 Bevis Marks

London

EC3A 7BA

REGISTERED NUMBER:

09216365 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

133,037

140,546

Tangible assets

5

32,145

41,901

165,182

182,447

CURRENT ASSETS

Stocks

307,292

293,711

Debtors

6

283,111

372,433

Cash at bank

261,925

794,750

852,328

1,460,894

CREDITORS

Amounts falling due within one year

7

60,634

191,302

NET CURRENT ASSETS

791,694

1,269,592

TOTAL ASSETS LESS CURRENT LIABILITIES

956,876

1,452,039

PROVISIONS FOR LIABILITIES

5,927

7,961

NET ASSETS

950,949

1,444,078

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

950,948

1,444,077

SHAREHOLDERS' FUNDS

950,949

1,444,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Mrs A S Wainwright - Director

1.	STATUTORY INFORMATION

Hydropath Technology Limited 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Purchased goodwill on business combinations is capitalised and amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets

Intangible assets are initially measure at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

101,312

198,218

299,530

Additions

-

25,102

25,102

Disposals

-

(344

)

(344

)

At 31 December 2024

101,312

222,976

324,288

AMORTISATION

At 1 January 2024

86,661

54,838

141,499

Amortisation for year

9,007

40,745

49,752

At 31 December 2024

95,668

95,583

191,251

NET BOOK VALUE

At 31 December 2024

5,644

127,393

133,037

At 31 December 2023

14,651

143,380

158,031

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

45,184

21,947

11,230

24,240

102,601

DEPRECIATION

At 1 January 2024

35,298

8,363

6,115

9,522

59,298

Charge for year

4,520

3,396

1,279

1,963

11,158

At 31 December 2024

39,818

11,759

7,394

11,485

70,456

NET BOOK VALUE

At 31 December 2024

5,366

10,188

3,836

12,755

32,145

At 31 December 2023

9,886

13,584

5,115

14,718

43,303

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

230,124

246,585

Other debtors

-

23,924

Directors' current accounts

1,489

-

Tax

-

69,547

VAT

25,813

13,971

Prepayments

25,685

18,406

283,111

372,433

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

84,960

79,990

Tax

(57,904

)

-

Social security and other taxes

22,798

22,703

Other creditors

117

618

Directors' current accounts

1,013

71,772

Accruals and deferred income

9,650

16,219

60,634

191,302

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50

Share capital 1

£0.01

1

1

50

Share capital 2

£0.01

-

-

1

1