Abbreviated Company Accounts - HYDRO-LOGIC LIMITED

HYDRO-LOGIC LIMITED - Company Information

01287366 HYDRO-LOGIC LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 01287366 2013-06-01 2014-05-31 01287366 2014-05-31 01287366 2013-05-31 01287366 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 01287366 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 01287366

HYDRO-LOGIC LIMITED

Abbreviated Accounts

31 May 2014

HYDRO-LOGIC LIMITED Registered Number 01287366

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	195,792	223,574
Investments	3	70,639	-
		266,431	223,574
Current assets
Stocks		429,240	648,362
Debtors		946,217	771,272
Cash at bank and in hand		1,417	98,209
		1,376,874	1,517,843
Creditors: amounts falling due within one year		(1,214,875)	(1,233,193)
Net current assets (liabilities)		161,999	284,650
Total assets less current liabilities		428,430	508,224
Creditors: amounts falling due after more than one year		(56,047)	(150,793)
Total net assets (liabilities)		372,383	357,431
Capital and reserves
Called up share capital	4	567	567
Share premium account		171,164	171,164
Profit and loss account		200,652	185,700
Shareholders' funds		372,383	357,431

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
R J E Hawnt, Director

HYDRO-LOGIC LIMITED Registered Number 01287366

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sale of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life:-
Motor Vehicles 20% on written down value
Equipment and Office Furniture 15% on written down value

Other accounting policies
Stock and Work in Progress

Stock and Work in Progress is valued at the lower of cost and net realisable value. The cost of work-in-progress includes direct labour, materials and overhead contribution.

Research and Development

Expenditure on research and development is written off in the year in which it is incurred.

2Tangible fixed assets

	£
Cost
At 1 June 2013	813,243
Additions	38,089
Disposals	(466,046)
Revaluations	-
Transfers	-
At 31 May 2014	385,286
Depreciation
At 1 June 2013	589,669
Charge for the year	18,905
On disposals	(419,080)
At 31 May 2014	189,494
Net book values
At 31 May 2014	195,792
At 31 May 2013	223,574

3Fixed assets Investments
Hydro-Logic Services LLP £70,639

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
567 Ordinary shares of £1 each	567	567