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Financial Statements for the Year Ended 31 December 2021 |
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Hydra Engineering Services Ltd |
REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2021 |
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for |
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Hydra Engineering Services Ltd |
Hydra Engineering Services Ltd (Registered number: 04992012) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Hydra Engineering Services Ltd |
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Company Information |
for the Year Ended 31 December 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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Auditors: |
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Chartered Certified Accountants |
Library Chambers |
48 Union Street |
Hyde |
Cheshire |
SK14 1ND |
Hydra Engineering Services Ltd (Registered number: 04992012) |
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Balance Sheet |
31 December 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one year | 7 |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings |
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Shareholders' funds |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Hydra Engineering Services Ltd (Registered number: 04992012) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
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1. | Statutory information |
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Hydra Engineering Services Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer and software/ website | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hydra Engineering Services Ltd (Registered number: 04992012) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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2. | Accounting policies - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Tangible fixed assets |
Computer |
Fixtures | and |
Plant and | and | Motor | software/ |
machinery | fittings | vehicles | website | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 January 2021 |
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Additions |
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Disposals | ( |
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At 31 December 2021 |
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Depreciation |
At 1 January 2021 |
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Charge for year |
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Eliminated on disposal |
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At 31 December 2021 |
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Net book value |
At 31 December 2021 |
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At 31 December 2020 |
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5. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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Hydra Engineering Services Ltd (Registered number: 04992012) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
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6. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Creditors: amounts falling due after more than one year |
2021 | 2020 |
£ | £ |
Hire purchase contracts |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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A Ordinary | £1 | 1 | 1 |
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B Ordinary | £1 | 1 | 1 |
2 | 2 |
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9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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10. | Ultimate controlling party |
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The immediate parent company is Rubix U.K. Limited (company registration number 00569290), a company incorporated in the United Kingdom. |
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The immediate parent company of Rubix U.K. Limited is Rubix International Limited, with the results being consolidated into Rubix Group Holdings Limited (now known as Rubix Limited), which is the smallest and largest company to prepare consolidated financial statements. The financial statements of Rubix Limited can be obtained at Accurist House, 44 Baker Street, London W1U 7AL. |
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The ultimate holding company is Al Robin (Cayman) Limited. Advent International Corporation, incorporated in the State of Delaware and SEC registered, is the investment manager of circa 20 Advent GPE VIII funds which are individual limited partnerships domiciled in either Luxembourg, the Cayman Island or the State of Delaware (together the "Funds"). The Funds have invested directly or indirectly in AI Robin (Cayman) Limited. No individual Fund holds more than 25% interest in AI Robin (Cayman) Limited. |