REGISTERED NUMBER: 15387763 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

HYDROPAYNE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Payne

S Payne

REGISTERED OFFICE:

Unit L Altbarn Close

Lordswood Industrial Estate

Chatham

Kent

ME5 8UD

REGISTERED NUMBER:

15387763 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd t/a Xeinadin

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

61,819

42,469

CURRENT ASSETS

Stocks

11,912

7,841

Debtors

6

161,766

159,113

Cash at bank

148,223

119,381

321,901

286,335

CREDITORS

Amounts falling due within one year

7

182,679

180,601

NET CURRENT ASSETS

139,222

105,734

TOTAL ASSETS LESS CURRENT LIABILITIES

201,041

148,203

PROVISIONS FOR LIABILITIES

14,906

10,617

NET ASSETS

186,135

137,586

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

186,035

137,486

SHAREHOLDERS' FUNDS

186,135

137,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 7 October 2026 and were signed on its behalf by:

R A Payne - Director

1.	STATUTORY INFORMATION

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

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has transferred from FRS 105 to FRS 102 as at 3 January 2024. Please refer to note 11 for an explanation of the transition.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2025

25,112

9,346

22,167

56,625

Additions

-

3,298

36,657

39,955

At 31 January 2026

25,112

12,644

58,824

96,580

DEPRECIATION

At 1 February 2025

6,278

2,336

5,542

14,156

Charge for year

4,708

2,577

13,320

20,605

At 31 January 2026

10,986

4,913

18,862

34,761

NET BOOK VALUE

At 31 January 2026

14,126

7,731

39,962

61,819

At 31 January 2025

18,834

7,010

16,625

42,469

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

117,410

155,395

Other debtors

44,356

3,718

161,766

159,113

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

107,009

36,246

Taxation and social security

37,878

86,249

Other creditors

37,792

58,106

182,679

180,601

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2026 and the period ended 31 January 2025:

2026

2025

£

£

R A Payne and S Payne

Balance outstanding at start of year

(36,505

)

-

Amounts advanced

187,184

155,189

Amounts repaid

(174,696

)

(191,694

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(24,017

)

(36,505

)

The loan from the director to the company is unsecured and repayable on demand. Interest has been

charged at 12% on the outstanding loan.

9.	FIRST YEAR ADOPTION

Explanation of the changes to previously reported profit and equity

a. FRS102 requires the company to recognise a deferred tax provision for all timing differences at the

reporting date. The previous years accounts to the 31st January 2025 were prepared under FRS105

which does not permit deferred tax provisions. As a result of transition, provisions have been made

since the date of transition on the 3rd January 2026.