Hydraredox Europe Ltd - Abbreviated accounts

HYDRAREDOX EUROPE LTD - Company Information

Registered number

09145558

Hydraredox Europe Ltd

Abbreviated Accounts

31 July 2016

Hydraredox Europe Ltd
Registered number:		09145558
Abbreviated Balance Sheet
as at 31 July 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		163			204
Investments	3		14,280			14,280
			14,443			14,484

Creditors: amounts falling due within one year		(94,613)			(66,737)

Net current liabilities			(94,613)			(66,737)

Net liabilities			(80,170)			(52,253)

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			(80,270)			(52,353)

Shareholders' funds			(80,170)			(52,253)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Julian St George Sproule
Director
Approved by the board on 17 March 2017

Hydraredox Europe Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 August 2015					255
	At 31 July 2016					255

	Depreciation
	At 1 August 2015					51
	Charge for the year					41
	At 31 July 2016					92

	Net book value
	At 31 July 2016					163
	At 31 July 2015					204


3	Investments					£

	Cost
	At 1 August 2015					14,280

	At 31 July 2016					14,280

4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.001 each		100		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£0.001 each		100		-