I have in cel A1 with the following contents:
7:30:43 
which is a time. 
But now i want to use a formula to add one hour. What is the best way or how can i do this?
I have in cel A1 with the following contents:
7:30:43 
which is a time. 
But now i want to use a formula to add one hour. What is the best way or how can i do this?
 
    
    =A1+TIME(1,0,0)
Although, maybe this should be posted on Super User.
This may help you as well. This is a conditional statement that will fill the cell with a default date if it is empty but will subtract one hour if it is a valid date/time and put it into the cell.
=IF((Sheet1!C4)="",DATE(1999,1,1),Sheet1!C4-TIME(1,0,0))
You can also substitute TIME with DATE to add or subtract a date or time.