Hydrafix 2000 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04109350

HYDRAFIX 2000 LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HYDRAFIX 2000 LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		34,467		43,881

CURRENT ASSETS

Stocks		22,350	22,150
Debtors	6	107,980	80,713
Cash at bank and in hand		90,756	118,930
		---------	---------
		221,086	221,793

CREDITORS: amounts falling due within one year	7	113,171		136,434
		---------		---------
NET CURRENT ASSETS			107,915		85,359
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			142,382		129,240

CREDITORS: amounts falling due after more than one year	8		–		3,622

PROVISIONS

Taxation including deferred tax	8,529	10,866
	---------	---------
NET ASSETS	133,853	114,752
	---------	---------

CAPITAL AND RESERVES

Called up share capital	9	4	4
Profit and loss account		133,849	114,748
		---------	---------
SHAREHOLDERS FUNDS		133,853	114,752
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HYDRAFIX 2000 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

Mr P Bromley
Director

Company registration number: 04109350

HYDRAFIX 2000 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 March 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 4, Kings Court, Sedgley Road East, Tipton, DY4 8XA.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced in the year, net of Value Added Tax. Turnover for goods sold is recognised when the goods are despatched to the customer. In respect of ongoing contracts, turnover represents the value of work done in the year, including estimates of amounts not invoiced, by reference to the stage of completion of the job.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & machinery	-	15% reducing balance
Fixtures & fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% reducing balance

Stock and work in progress

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis, with net realisable value representing estimated selling price. Provision is made for slow moving, obsolete or damaged stock where net realisable value is less than cost. Work in progress is valued on the basis of direct costs plus attributable overheads based on a normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability. Operating lease agreements Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).

5. TANGIBLE ASSETS

	Plant & machinery	Fixtures & fittings	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	56,702	8,126	38,457	3,196	106,481
	--------	-------	--------	-------	---------
Depreciation
At 1 April 2024	42,702	6,559	11,269	2,070	62,600
Charge for the year	2,100	235	6,797	282	9,414
	--------	-------	--------	-------	---------
At 31 March 2025	44,802	6,794	18,066	2,352	72,014
	--------	-------	--------	-------	---------
Carrying amount
At 31 March 2025	11,900	1,332	20,391	844	34,467
	--------	-------	--------	-------	---------
At 31 March 2024	14,000	1,567	27,188	1,126	43,881
	--------	-------	--------	-------	---------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	100,931	73,580
Other debtors	7,049	7,133
	---------	--------
	107,980	80,713
	---------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	15,732	16,264
Corporation tax	15,152	15,592
Social security and other taxes	29,910	26,208
Other creditors	52,377	78,370
	---------	---------
	113,171	136,434
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	3,622
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	4	4	4	4
	----	----	----	----