General Information
Felixstowe Hydrocycle Ltd is a private company, limited by guarantee, registered in England and Wales, registration number 11645899, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, IP30 9QS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company has sufficient funding and that it is well placed to manage its business risks successfully. The shareholders of the company have lent money to the company to enable it to build its infrastructure and these loans are intended to be repaid only when the company's cashflows permit.
Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
5-25 years Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
1,268,146 |
|
1,268,146 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
1,268,146 |
|
1,268,146 |
| Depreciation |
| At 01 April 2024 |
260,355 |
|
260,355 |
| Charge for year |
106,010 |
|
106,010 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
366,365 |
|
366,365 |
| Net book values |
| Closing balance as at 31 March 2025 |
901,781 |
|
901,781 |
| Opening balance as at 01 April 2024 |
1,007,791 |
|
1,007,791 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
183,000 |
|
98,000 |
| VAT |
2,961 |
|
4,130 |
|
185,961 |
|
102,130 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
1,800 |
|
- |
| Accrued Expenses |
14,412 |
|
129,552 |
| Loans from Members |
60,588 |
|
- |
|
76,800 |
|
129,552 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Accrued Expenses |
149,621 |
|
- |
| Deferred Grants |
679,969 |
|
755,290 |
| Loans from Members |
629,023 |
|
689,611 |
|
1,458,613 |
|
1,444,901 |
|
| 7. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Members | - | | - | | (689,611) | | (689,611) | | Sustainable Water Solutions LLP | (18,000) | | - | | (1,800) | | - |
The following members advanced loans to the company in the year ended 31 March 2021 which remain outstanding:-
WO & PO Jolly £214,204
Home Farm Nacton £220,816
GH & JG Paul £149,082
David Langmead £65,000
Wm Kerr Farms Ltd £14,000
J Hollingsworth & Sons £26,509
Interest has been accrued but not paid on these loans totalling £34,480, in addition to the amount accrued not paid in previous years of £129,552.
Sales of water have been made to the members as follows:-
WO & PO Jolly £56,038 (outstanding at the year end)
Home Farm Nacton £57,736 (outstanding at the year end)
GH & JG Paul £39,057 (outstanding at the year end)
David Langmead - £16,981 (outstanding at the year end)
Wm Kerr Farms Ltd £3,396 (£6,396 outstanding at the year end)
J Hollingsworth & Sons £6,792 (outstanding at the year end)
|
| 8. |
Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares. At the Balance Sheet date there were 5 members, all of whom have guaranteed £1 each in the event of failure of the company.
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3
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