Abbreviated Company Accounts - HYDRO-LOGIC LIMITED

HYDRO-LOGIC LIMITED - Company Information

01287366 HYDRO-LOGIC LIMITED 2016-03-08 false 2015-06-01 2016-03-08 true 01287366 2015-06-01 2016-03-08 01287366 2016-03-08 01287366 2015-05-31 01287366 uk-gaap-cd-bus:Director1 2015-06-01 2016-03-08 01287366 uk-gaap-cd-bus:Director2 2015-06-01 2016-03-08 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-03-08 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-08 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 01287366

HYDRO-LOGIC LIMITED

Abbreviated Accounts

8 March 2016

HYDRO-LOGIC LIMITED Registered Number 01287366

Abbreviated Balance Sheet as at 8 March 2016

	Notes	08/03/2016	31/05/2015
		£	£
Fixed assets
Tangible assets	2	273,100	229,196
Investments	3	-	70,639
		273,100	299,835
Current assets
Stocks		444,755	412,599
Debtors		225,890	642,023
Cash at bank and in hand		41,173	179
		711,818	1,054,801
Creditors: amounts falling due within one year		(716,376)	(756,473)
Net current assets (liabilities)		(4,558)	298,328
Total assets less current liabilities		268,542	598,163
Creditors: amounts falling due after more than one year		-	(271,512)
Total net assets (liabilities)		268,542	326,651
Capital and reserves
Called up share capital	4	567	567
Share premium account		171,164	171,164
Profit and loss account		96,811	154,920
Shareholders' funds		268,542	326,651

For the year ending 8 March 2016 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 30 November 2016

And signed on their behalf by:
R Crook, Director

HYDRO-LOGIC LIMITED Registered Number 01287366

Notes to the Abbreviated Accounts for the period ended 8 March 2016

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 January 2015.

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 rates 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

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

Other accounting policies
Research and Development
Expenditure on research and development is written off in the period in which it is incurred.

2Tangible fixed assets

	£
Cost
At 1 June 2015	440,806
Additions	70,371
Disposals	-
Revaluations	-
Transfers	-
At 8 March 2016	511,177
Depreciation
At 1 June 2015	211,610
Charge for the year	26,467
On disposals	-
At 8 March 2016	238,077
Net book values
At 8 March 2016	273,100
At 31 May 2015	229,196

3Fixed assets Investments
Hydrologic Services LLP - £Nil (2015 - £70,639)

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

	08/03/2016 £	31/05/2015 £
567 Ordinary shares of £1 each	567	567