Hydrax Limited

Contents

Statement of Financial Position	1
Notes to the Financial Statements	2 to 7

Hydrax Limited

(Registration number: 01757914)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	28,532	32,100
Current assets
Stocks	5	427,871	505,361
Debtors	6	779,606	655,193
Cash at bank and in hand		792,751	845,555
		2,000,228	2,006,109
Creditors: Amounts falling due within one year	7	(528,558)	(721,649)
Net current assets		1,471,670	1,284,460
Net assets		1,500,202	1,316,560
Capital and reserves
Called up share capital		5,550	5,550
Share premium reserve		8,550	8,550
Capital redemption reserve		9,000	9,000
Profit and loss account		1,477,102	1,293,460
Shareholders' funds		1,500,202	1,316,560

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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 23 October 2026 and signed on its behalf by:
 

Mr B J Eden Director

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hydrax House
Wylds Road
Bridgwater
Somerset
TA6 4BH

Principal activity

The principal activity of the company is manufacture of lifting and handling equipment

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.

Going concern

The financial statements have been prepared on a going concern basis.

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 28 October 2026 was Robyn Gifford-England ACA, who signed for and on behalf of Westcotts (SW) LLP.

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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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.

Tax

The tax expense for the period comprises current 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 income 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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	15% & 25% reducing balance
Fittings fixtures and equipment	15% & 25% reducing balance
Solar equipment	10 year straight line

Impairment

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

2	Accounting policies (continued)

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2025 - 19).

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 May 2025	9,733	67,731	77,464
Additions	519	207	726
At 30 April 2026	10,252	67,938	78,190
Depreciation
At 1 May 2025	9,062	36,302	45,364
Charge for the year	252	4,042	4,294
At 30 April 2026	9,314	40,344	49,658
Carrying amount
At 30 April 2026	938	27,594	28,532
At 30 April 2025	671	31,429	32,100

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	427,871	505,361

6

Debtors

	Note	2026 £	2025 £
Trade debtors		408,790	417,782
Other debtors		250,246	156,031
Prepayments		61,926	22,736
Income tax asset		58,644	58,644
		779,606	655,193

Hydrax Limited

Notes to the Financial Statements for the Year Ended 30 April 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	179,030	178,951
Taxation and social security	298,788	204,362
Accruals and deferred income	23,221	23,538
Other creditors	27,519	314,798
	528,558	721,649

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Related party transactions

Transactions with directors

2026	At 1 May 2025 £	Advances to director £	Repayments by director £	At 30 April 2026 £
Director	-	-	-	-
Director	77,500	175,000	(127,500)	125,000
Director	77,500	175,000	(127,500)	125,000
	155,000	350,000	(255,000)	250,000

2025	At 1 May 2024 £	Repayments by director £	At 30 April 2025 £
Director	-	-	-
Director	250,000	(172,500)	77,500
Director	250,000	(172,500)	77,500
	500,000	(345,000)	155,000