Hyperdrive Innovation Ltd in Gateshead, NE11 0QA

Websites

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www.hyperdriveinnovation.com

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www.hyperdriveinnovation.co.uk

Description

Data updated on: 01-11-2023

Hyperdrive Innovation Ltd with the registration number 07948437 has been competing in the field for 12 years. This Private Limited Company is located at Turntide Eighth Avenue, Team Valley Trading Estate in Gateshead and company's postal code is NE11 0QA. The company's declared SIC number is 74100 which stands for specialised design activities. Its most recent filed accounts documents describe the period up to December 31, 2021 and the most current confirmation statement was submitted on January 27, 2023.

The enterprise has registered two trademarks, all are valid. The first trademark was granted in 2013. The one which will lose its validity first, that is in August, 2023 is H-Logger.

According to the data we have, this business was founded in 2012 and has been led by twenty one directors, and out this collection of individuals two (Mark C. and Michael K.) are still functioning.

Trademark UK00003023232

Trademark image:	-
Trademark name:	HyperBoost
Status:	Registered
Filing date:	2013-09-23
Date of entry in register:	2013-12-20
Renewal date:	2023-09-23
Owner name:	Hyperdrive Innovation Ltd
Owner address:	Unit 2/U, Admiral Business Park, Nelson Way, Nelson Park West, CRAMLINGTON, United Kingdom, NE23 1WG

Trademark UK00003019894

Trademark image:	-
Trademark name:	H-Logger
Status:	Registered
Filing date:	2013-08-28
Date of entry in register:	2013-11-29
Renewal date:	2023-08-28
Owner name:	Hyperdrive Innovation Ltd
Owner address:	Unit 2/U, Admiral Business Park, Nelson Way, Nelson Park West, CRAMLINGTON, United Kingdom, NE23 1WG

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	2 606 156	4 202 643	2 893 916	3 923 023	582 800
Current Assets	4 047 601	7 042 254	9 239 852	12 661 563	12 730 935
Debtors	1 001 395	1 804 382	3 337 705	5 237 864	9 901 221
Net Assets Liabilities	1 680 261	1 151 839	1 318 708	1 521 567	2 156 931
Other Debtors	381 230	103 717	99 963	41 003	36 042
Property Plant Equipment	163 876	363 159	490 845	641 019	621 823
Total Inventories	440 050	1 035 229	3 008 231	3 500 676

Other Financial Data
Audit Fees Expenses	10 300	10 500	10 500	15 000	15 000
Accrued Liabilities Deferred Income			276 195	710 140	508 110
Accumulated Amortisation Impairment Intangible Assets	445 425	637 003	800 900	1 364 249	1 432 930
Accumulated Depreciation Impairment Property Plant Equipment	266 417	361 876	509 722	521 256	678 252
Additions Other Than Through Business Combinations Intangible Assets					19 750
Additions Other Than Through Business Combinations Property Plant Equipment		294 742	275 532	161 708	146 740
Administrative Expenses			2 864 156	3 611 047	5 473 198
Amortisation Expense Intangible Assets				199 863
Amounts Owed By Group Undertakings				1 502 891	4 520 364
Amounts Owed To Group Undertakings	1 807 500	2 000 000	2 000 000	3 238 144	3 239 143
Average Number Employees During Period		40	56	74	80
Comprehensive Income Expense			-505 118	477 825	635 364
Corporation Tax Recoverable			109 439	109 439	176 209
Cost Sales			12 418 998	14 549 888	19 835 582
Creditors	2 591 743	5 558 823	7 091 154	8 615 720	6 489 680
Deferred Income			2 698 742	3 232 675	917 021
Deferred Tax Asset Debtors		656 984	788 281	778 753	633 630
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws					47 865
Depreciation Expense Property Plant Equipment			147 846	11 534
Dividends Paid On Shares	512 236	320 658
Finished Goods Goods For Resale			3 008 231	3 500 676	2 246 914
Fixed Assets	676 112	683 817	746 587	696 898	635 548
Further Item Deferred Expense Credit Component Total Deferred Tax Expense		-656 984	-11 082	9 531	151 574
Further Item Tax Increase Decrease Component Adjusting Items				194
Future Minimum Lease Payments Under Non-cancellable Operating Leases	1 042 414	976 502	875 440	804 195	699 112
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss			-2 238	1 098	-5 417
Government Grant Income			55 341	9 000
Gross Profit Loss			2 092 323	4 046 349
Increase Decrease In Current Tax From Adjustment For Prior Periods		-207 445	-15 000		-54 316
Increase From Amortisation Charge For Year Intangible Assets		191 578	163 897	199 863	61 904
Increase From Depreciation Charge For Year Property Plant Equipment		95 459	147 846	11 534	165 936
Intangible Assets	512 236	320 658	255 742	55 879	13 725
Intangible Assets Gross Cost	957 661	957 661	1 442 406	1 420 128	1 446 655
Interest Payable Similar Charges Finance Costs			14 166	28 052	48 301
Issue Equity Instruments	5 006 045
Net Current Assets Liabilities	1 455 858	1 483 431	2 308 663	4 045 843	6 241 255
Operating Profit Loss			-666 492	512 517
Other Creditors	613 658	2 346 621	2 981 689	667	25 173
Other Creditors Including Taxation Social Security Balance Sheet Subtotal			103 631
Other Disposals Decrease In Amortisation Impairment Intangible Assets				22 278
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					2 163
Other Disposals Intangible Assets				22 278
Other Disposals Property Plant Equipment					2 163
Other Interest Receivable Similar Income Finance Income				2 891	132 411
Other Operating Income Format1			105 341	77 215	30 926
Other Provisions Balance Sheet Subtotal			2 237 143	3 221 174	4 719 872
Other Taxation Social Security Payable	36 561	167 922	103 631	206 480	107 257
Pension Other Post-employment Benefit Costs Other Pension Costs			54 319	103 606	169 770
Prepayments Accrued Income			41 314	399 685	738 824
Profit Loss	-1 239 913	-528 422	-505 118	477 825	635 364
Profit Loss On Ordinary Activities Before Tax			-680 658	487 356	629 328
Property Plant Equipment Gross Cost	430 293	725 035	1 000 567	1 162 275	1 300 075
Provisions For Liabilities Balance Sheet Subtotal	451 709	1 015 409	1 503 318
Share-based Payment Expense Cash Settled			273 339	225 635
Social Security Costs			235 782	319 127
Staff Costs Employee Benefits Expense			2 867 114	3 650 934
Tax Expense Credit Applicable Tax Rate			-129 325	92 598	119 572
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit					-151 159
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings				-140 350	47 866
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				48 026	32 001
Tax Tax Credit On Profit Or Loss On Ordinary Activities		-864 429	-175 540	9 531	-6 036
Total Assets Less Current Liabilities	2 131 970	2 167 248	3 055 250	4 742 741	6 876 803
Total Deferred Tax Expense Credit				9 531	145 123
Total Operating Lease Payments			101 553	75 867
Trade Creditors Trade Payables	134 024	1 044 280	2 005 834	1 227 614	1 692 976
Trade Debtors Trade Receivables	620 165	1 043 681	2 460 237	2 406 093	3 796 152
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Intangible Assets					-6 777
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment					6 777
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Amortisation Impairment Intangible Assets					-6 777
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Depreciation Impairment Property Plant Equipment					6 777
Turnover Revenue			14 511 321	18 596 237
Wages Salaries			2 577 013	3 228 201
Amount Received Or Receivable Under Long-term Incentive Schemes Directors				443 073
Company Contributions To Defined Benefit Plans Directors			13 928	25 809
Director Remuneration			568 179	606 169
Director Remuneration Benefits Including Payments To Third Parties			582 107	1 075 051