Hydex Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06781124 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Hydex Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Bence

Mrs S Bence

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

BUSINESS ADDRESS:

Unit 30

Twyford Business Centre

London Road

Bishop's Stortford

Hertfordshire

CM23 3YT

REGISTERED NUMBER:

06781124 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

160,775

113,534

CURRENT ASSETS

Stocks

208,242

47,984

Debtors

210,500

115,933

Cash at bank

39,369

178,881

458,111

342,798

CREDITORS

Amounts falling due within one year

383,349

209,185

NET CURRENT ASSETS

74,762

133,613

TOTAL ASSETS LESS CURRENT

LIABILITIES

235,537

247,147

CREDITORS

Amounts falling due after more than one

year

234,888

227,879

NET ASSETS

649

19,268

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

549

19,168

SHAREHOLDERS' FUNDS

649

19,268

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

P Bence - Director

1.	STATUTORY INFORMATION

Hydex Solutions 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.

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

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of the assets to their recoverable amount and to provide for any further liabilities which might arise.

Turnover

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

Intangible assets

Intangible assets are initially measured 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 of fifteen years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

144,724

Additions

60,090

At 31 December 2024

204,814

AMORTISATION

At 1 January 2024

31,190

Amortisation for year

12,849

At 31 December 2024

44,039

NET BOOK VALUE

At 31 December 2024

160,775

At 31 December 2023

113,534

5.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank loans

5,882

5,892

Other loans

112,500

15,000

118,382

20,892

Amounts falling due between one and two years:

Bank loans - 1-5 years

28,149

34,022

Amounts falling due between two and five years:

Loanback 2-5 years

206,739

193,857

6.	SECURED DEBTS

The trustees of the Urbanhurst Limited (1983) Retirement Benefit Scheme have a fixed charge over the UK IPO design rights of the logging vehicles of the log hauler and biomass hauler of Hydex Solutions Limited.

In addition to this the trustees of the Urbanhurst Limited (1983) Retirement Benefit Scheme have a floating charge over the assets of the company.

In 2021 the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year repayment period. The loan is repayable by instalments. Repayments commenced in June 2022. Interest is charged at 2.5% per annum from the first repayment date.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,541 (2023: £2,400). There were outstanding contributions at the year end of £328 (2023: £Nil).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

P Bence

Balance outstanding at start of year

(498

)

(182

)

Amounts advanced

66,189

55,690

Amounts repaid

(46,968

)

(56,006

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

18,723

(498

)

At the balance sheet date the company was owed £18,723 from the director (2023: £Nil). Interest was charged on the overdrawn amounts over the course of the year at a rate of 2.25% per annum amounting to £245 (2023 - £96).

10.	RELATED PARTY DISCLOSURES

During the year the company received a loan for £100,000 from J Bence who is the brother of the director and shareholder Peter Bence. The loan is repayable on demand and interest is charged at an annual rate of 12.5%. The balance outstanding at the year end is £97,500 (2023: £NIL).