Hydrogen Universe Ltd Filleted Accounts Cover
|
|
|||||||||
Company No. SC594267
|
|||||||||
|
|||||||||
|
|||||||||
Hydrogen Universe Ltd Directors Report Registrar
|
The Directors present their report and the accounts for the year ended 30 April 2022.
|
|||||||||
Principal activities
|
|||||||||
|
|||||||||
Directors
|
|||||||||
The Directors who served at any time during the year were as follows:
|
|||||||||
R. Clarke
|
|||||||||
T. Clarke
|
|||||||||
|
|||||||||
Signed on behalf of the board
|
|||||||||
T. Clarke
|
|||||||||
Director
|
|||||||||
30 November 2022
|
Hydrogen Universe Ltd Balance Sheet Registrar
|
at
|
|
|||||||||
Company No.
|
|
Notes
|
2022
|
2021
|
||||||
£
|
£
|
|||||||||
Fixed assets
|
||||||||||
Intangible assets
|
4
|
|
|
|||||||
|
|
|||||||||
Current assets
|
||||||||||
Debtors
|
5
|
|
|
|||||||
Cash at bank and in hand
|
|
|
||||||||
|
|
|||||||||
Creditors: Amount falling due within one year
|
6
|
(
|
(
|
|||||||
Net current liabilities
|
(
|
(
|
||||||||
Total assets less current liabilities
|
(
|
(
|
||||||||
Net liabilities
|
(
|
(
|
||||||||
Capital and reserves
|
||||||||||
Called up share capital
|
|
|
||||||||
Profit and loss account
|
7
|
(
|
(
|
|||||||
Total equity
|
(
|
(
|
||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
|
||||||||||
Approved by the board on 30 November 2022
|
||||||||||
And signed on its behalf by:
|
||||||||||
T. Clarke
|
||||||||||
Director
|
||||||||||
30 November 2022
|
Hydrogen Universe Ltd Notes to the Accounts Registrar
|
for the year ended 30 April 2022
|
||||||||||||||
1
|
General information
|
|||||||||||||
|
||||||||||||||
Its registered number is: SC594267
|
||||||||||||||
Its registered office is:
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
2
|
Accounting policies
|
|||||||||||||
Turnover
|
||||||||||||||
- the amount of turnover can be measured reliably - it is probable that the company will receive the consideration due under the contract - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably. |
||||||||||||||
Intangible fixed assets
|
||||||||||||||
|
||||||||||||||
Taxation
|
||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
||||||||||||||
Stocks
|
||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. |
||||||||||||||
Trade and other debtors
|
||||||||||||||
|
||||||||||||||
Trade and other creditors
|
||||||||||||||
|
||||||||||||||
Foreign currencies
|
||||||||||||||
|
||||||||||||||
|
||||||||||||||
Provisions
|
||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
||||||||||||||
3
|
Employees
|
|||||||||||||
2022
|
2021
|
|||||||||||||
Number
|
Number
|
|||||||||||||
The average monthly number of employees (including directors) during the year was:
|
|
|
||||||||||||
4
|
Intangible fixed assets
|
|||||||||||||
Other
|
Total
|
|||||||||||||
£
|
£
|
|||||||||||||
Cost
|
||||||||||||||
At 1 May 2021
|
|
|
||||||||||||
Additions
|
|
|
||||||||||||
At 30 April 2022
|
|
|
||||||||||||
Amortisation and impairment
|
||||||||||||||
At 1 May 2021
|
|
|
||||||||||||
Charge for the year
|
|
|
||||||||||||
At 30 April 2022
|
|
|
||||||||||||
Net book values
|
||||||||||||||
At 30 April 2022
|
|
|
||||||||||||
At 30 April 2021
|
|
|
||||||||||||
5
|
Debtors
|
|||||||||||||
2022
|
2021
|
|||||||||||||
£
|
£
|
|||||||||||||
VAT recoverable
|
|
|
||||||||||||
Other debtors
|
|
|
||||||||||||
|
|
|||||||||||||
6
|
Creditors:
|
|||||||||||||
amounts falling due within one year
|
||||||||||||||
2022
|
2021
|
|||||||||||||
£
|
£
|
|||||||||||||
Other creditors
|
|
|
||||||||||||
Accruals and deferred income
|
|
|
||||||||||||
|
|
|||||||||||||
7
|
Reserves
|
|||||||||||||
|
||||||||||||||