Hydro Products Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC178501 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Hydro Products Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Donald Mackay

SECRETARY:

Alaine Mackay

REGISTERED OFFICE:

49 Carden Place

Aberdeen

Aberdeenshire

AB10 1UN

REGISTERED NUMBER:

SC178501 (Scotland)

ACCOUNTANTS:

SBP

Accountants

49 Carden Place

Aberdeen

AB10 1UN

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

1,048

267

1,049

268

CURRENT ASSETS

Stocks

26,000

25,500

Debtors

2,484

14,254

Cash at bank

5,139

4,910

33,623

44,664

CREDITORS

Amounts falling due within one year

15,652

23,205

NET CURRENT ASSETS

17,971

21,459

TOTAL ASSETS LESS CURRENT LIABILITIES

19,020

21,727

CAPITAL AND RESERVES

Called up share capital

4

20

2

Profit and loss account

19,000

21,725

SHAREHOLDERS' FUNDS

19,020

21,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 June 2015 and were signed by:

Donald Mackay - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 cost and 20% on cost

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

2,000

AMORTISATION

At 1 October 2013

and 30 September 2014

1,999

NET BOOK VALUE

At 30 September 2014

1

At 30 September 2013

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

4,554

Additions

1,299

At 30 September 2014

5,853

DEPRECIATION

At 1 October 2013

4,287

Charge for year

518

At 30 September 2014

4,805

NET BOOK VALUE

At 30 September 2014

1,048

At 30 September 2013

267

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

20

Ordinary

£1

20

2

18 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014 and

30 September 2013:

30.9.14

30.9.13

£

£

Donald Mackay

Balance outstanding at start of year

(2,603

)

10,353

Amounts advanced

1,534

-

Amounts repaid

(1,350

)

(12,956

)

Balance outstanding at end of year

(2,419

)

(2,603

)