Hephaestus Cleantech Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09736825

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,328		38,659
Investments	5		255,000		255,000

			285,328		293,659
CURRENT ASSETS
Debtors	6	204		3,363
Cash at bank and in hand		1,848		3,315

		2,052		6,678
Creditors: Amounts Falling Due Within One Year	7	(280,253 )		(284,331 )

NET CURRENT ASSETS (LIABILITIES)			(278,201 )		(277,653 )

TOTAL ASSETS LESS CURRENT LIABILITIES			7,127		16,006

NET ASSETS			7,127		16,006

CAPITAL AND RESERVES
Called up share capital	8		150,000		150,000
Profit and Loss Account			(142,873 )		(133,994 )

SHAREHOLDERS' FUNDS			7,127		16,006

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Hephaestus Cleantech Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher Heminway

Director

03/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hephaestus Cleantech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09736825 . The registered office is Time to Act Level Q Surtees Way, Surtees Business Park, Stockton-On-Tees, England, TS18 3HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% Straight Line
Computer Equipment	10% Staright Line

2.5. Financial Instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

...CONTINUED

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Hephaestus Cleantech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 1)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	40,180	2,947	43,127

As at 31 March 2025	40,180	2,947	43,127

Depreciation
As at 1 April 2024	3,899	569	4,468
Provided during the period	8,036	295	8,331

As at 31 March 2025	11,935	864	12,799

Net Book Value
As at 31 March 2025	28,245	2,083	30,328

As at 1 April 2024	36,281	2,378	38,659

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	255,000

As at 31 March 2025	255,000

Provision
As at 1 April 2024	-

As at 31 March 2025	-

...CONTINUED

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Hephaestus Cleantech Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	255,000

As at 1 April 2024	255,000

6. Debtors

	2025	2024
	£	£
Due within one year
VAT	204	3,363

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	254
Other taxes and social security	766	829
Accruals and deferred income	-	144
Directors' loan accounts	279,487	283,104

	280,253	284,331

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150,000	150,000

9. Related Party Transactions

As at 31 March 2025, an amount of £279,487 (2024: £283,104) was jointly owing to certain directors. These individuals each hold a participating interest in the company.

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