REGISTERED NUMBER: 08071865 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

HYDROSPHERE INNOVATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P D Barrett

C D Gates

REGISTERED OFFICE:

3 Bedgebury Business Park

Bedgebury Road

Goudhurst

Cranbrook

Kent

TN17 2QZ

REGISTERED NUMBER:

08071865 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

6,785

769

Tangible assets

5

460,971

281,777

467,756

282,546

CURRENT ASSETS

Stocks

268,932

96,477

Debtors

6

562,232

871,309

Investments

7

100

100

Cash at bank

416,307

182,181

1,247,571

1,150,067

CREDITORS

Amounts falling due within one year

8

(227,491

)

(264,581

)

NET CURRENT ASSETS

1,020,080

885,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,487,836

1,168,032

CREDITORS

Amounts falling due after more than one year

9

(1,588

)

(11,790

)

PROVISIONS FOR LIABILITIES

10

(115,243

)

(18,009

)

NET ASSETS

1,371,005

1,138,233

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,370,905

1,138,133

SHAREHOLDERS' FUNDS

1,371,005

1,138,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

P D Barrett - Director

1.	STATUTORY INFORMATION

Hydrosphere Innovations Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts for the sales of water treatment processes, and leasing of intellectual property.

Revenue from the leasing of intellectual property is recognised monthly over the length of the rental period.

Revenue from the sale of water treatment processes is recognised at the point of sale.

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 ten years.

Computer software is being amortised evenly over its estimated useful life of four years.

Intangible assets are initially measured at cost. After initial recognition, intangible assets are amortised over their useful life unless this life is indefinite. In such situations, intangible assets are not amortised but instead measured on the revaluation model should an impairment of value occur.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Plant & machinery

- 25% on reducing balance & 5 years straight line

Office Equipment

- 33% on cost

Motor Vehicle

- 5 years on cost

Financial instruments

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 entity after deducting all of its financial liabilities.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents and

Computer

licences

software

Totals

£

£

£

COST

At 1 April 2024

855

-

855

Additions

-

9,151

9,151

At 31 March 2025

855

9,151

10,006

AMORTISATION

At 1 April 2024

86

-

86

Amortisation for year

85

3,050

3,135

At 31 March 2025

171

3,050

3,221

NET BOOK VALUE

At 31 March 2025

684

6,101

6,785

At 31 March 2024

769

-

769

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

745,782

9,000

37,794

792,576

Additions

181,150

90,525

3,786

275,461

Disposals

(466

)

-

(2,171

)

(2,637

)

At 31 March 2025

926,466

99,525

39,409

1,065,400

DEPRECIATION

At 1 April 2024

470,450

9,000

31,349

510,799

Charge for year

90,207

1,509

1,914

93,630

At 31 March 2025

560,657

10,509

33,263

604,429

NET BOOK VALUE

At 31 March 2025

365,809

89,016

6,146

460,971

At 31 March 2024

275,332

-

6,445

281,777

Cost or valuation at 31 March 2025 is represented by:

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Valuation in 2025

926,466

99,525

39,409

1,065,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

270,989

203,977

Other debtors

291,243

667,332

562,232

871,309

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

100

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

72,930

44,496

Taxation and social security

139,663

201,649

Other creditors

4,250

7,788

227,491

264,581

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,588

11,790

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

115,243

18,009

Deferred tax

£

Balance at 1 April 2024

18,009

Deferred tax

97,234

Balance at 31 March 2025

115,243

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P D Barrett

Balance outstanding at start of year

381,934

17,595

Amounts advanced

64,245

386,875

Amounts repaid

(446,179

)

(22,536

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

381,934

Interest has been charged on directors loan balances exceeding £10,000 at a rate of 2.25% per annum. The loan is repayable on demand.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.