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Company Registration number: SC449097

H2O Hydro Ltd
Annual Report and Unaudited
Financial Statements
for the Year Ended 31 May 2025

H2O Hydro Ltd

Contents

Pages

Balance sheet | 1 to 2
Notes to the financial statements | 3 to 10

H2O Hydro Ltd

Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 622,070 | 599,210
Current assets |  |  |
Stocks | 5 | 204,490 | 189,335
Debtors | 6 | 372,004 | 187,421
Cash at bank and in hand |  | 64,600 | 241,022
|  | 641,094 | 617,778
Creditors: Amounts falling due within one year | 7 | (542,028) | (1,080,634)
Net current assets/(liabilities) |  | 99,066 | (462,856)
Total assets less current liabilities |  | 721,136 | 136,354
Creditors: Amounts falling due after more than one year | 7 | (488,016) | (4,400)
Provisions for liabilities |  | (37,716) | -
Net assets |  | 195,404 | 131,954
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 195,304 | 131,854
Shareholders' funds |  | 195,404 | 131,954

H2O Hydro Ltd

Balance Sheet as at 31 May 2025 (continued)

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: SC449097

Approved and authorised by the director on 7 October 2025

......................................... Mr H R J Gourlay Director

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025

1 | GENERAL INFORMATION

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

The address of its registered office is:
Auchencheyne
Moniaive
Thornhill
DG3 4EW

These financial statements were authorised for issue by the director on 7 October 2025.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

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.

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 corporation 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance
Office equipment | 25% reducing balance
Motor vehicles | 25% reducing balance
Leasehold property improvements | 10% straight line

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

2 | ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3 | STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

4 | TANGIBLE ASSETS

| Leasehold property improvements £ | Office equipment £ | Motor vehicles £ | Herd and flock £ | Plant and machinery £ | Total £
Cost or valuation
At 1 June 2024 | 25,074 | 7,144 | 29,995 | 489,452 | 99,360 | 651,025
Additions | 12,856 | 1,940 | 57,712 | - | 51,733 | 124,241
Disposals | - | - | - | (86,864) | - | (86,864)
At 31 May 2025 | 37,930 | 9,084 | 87,707 | 402,588 | 151,093 | 688,402
Depreciation
At 1 June 2024 | 2,507 | 5,030 | 19,320 | - | 24,958 | 51,815
Charge for the year | 3,387 | 653 | 3,871 | - | 6,606 | 14,517
At 31 May 2025 | 5,894 | 5,683 | 23,191 | - | 31,564 | 66,332
Carrying amount
At 31 May 2025 | 32,036 | 3,401 | 64,516 | 402,588 | 119,529 | 622,070
At 31 May 2024 | 22,567 | 2,114 | 10,675 | 489,452 | 74,402 | 599,210

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

5 | STOCKS

| 2025 £ | 2024 £
Other stock | 22,315 | 2,172
Work in progress | 5,565 | 3,863
Trading stock | 176,610 | 183,300
| 204,490 | 189,335

6 | DEBTORS

Current | 2025 £ | 2024 £
Trade debtors | 13,440 | 5,296
Amounts owed by related parties | 169,157 | -
Other debtors | 189,407 | 182,125
| 372,004 | 187,421

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

7 | CREDITORS

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 303,002 | 198,581
Trade creditors |  | 65,694 | 101,138
Taxation and social security |  | 32,449 | 58,244
Accruals and deferred income |  | 81,527 | 68,996
Other creditors |  | 59,356 | 653,675
|  | 542,028 | 1,080,634

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £265,755 (2024 - £161,335).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 65,955 | 4,400
Other financial liabilities |  | 422,061 | -
|  | 488,016 | 4,400

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £65,955 (2024 - £nil).

H2O Hydro Ltd

Notes to the financial statements for the Year Ended 31 May 2025 (continued)

8 | LOANS AND BORROWINGS

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 4,400
Hire purchase contracts | 65,955 | -
| 65,955 | 4,400

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 4,400 | 4,400
Bank overdrafts | 254,996 | 161,335
Hire purchase contracts | 10,760 | -
Other borrowings | 32,846 | 32,846
| 303,002 | 198,581