Company Registration No. 02792946 (England and Wales)
HYDERCO UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
HYDERCO UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
HYDERCO UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,721
5,913
Current assets
Debtors
153,425
37,438
Cash at bank and in hand
1,518,387
497,924
1,671,812
535,362
Creditors: amounts falling due within one year
(1,359,141)
(293,633)
Net current assets
312,671
241,729
Total assets less current liabilities
318,392
247,642
Provisions for liabilities
(691)
-
317,701
247,642
Capital and reserves
Called up share capital
3
10,000
10,000
Profit and loss account
307,701
237,642
Shareholder's funds
317,701
247,642
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 December 2015
Mr N Akwiwu
Director
Company Registration No. 02792946
HYDERCO UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2014
26,006
Additions
1,238
At 28 February 2015
27,244
Depreciation
At 1 March 2014
20,093
Charge for the year
1,430
At 28 February 2015
21,523
Net book value
At 28 February 2015
5,721
At 28 February 2014
5,913
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000