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REGISTERED NUMBER: SC247310 (Scotland)















Unaudited Financial Statements for the Year Ended 30th April 2023

for

H & M Hydraulic Services Ltd.

H & M Hydraulic Services Ltd. (Registered number: SC247310)

Contents of the Financial Statements
for the year ended 30th April 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


H & M Hydraulic Services Ltd.

Company Information
for the year ended 30th April 2023







Directors: S Pasieka
P Pasieka





Secretary: P Pasieka





Registered office: 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT





Registered number: SC247310 (Scotland)





Accountants: Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H & M Hydraulic Services Ltd.


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H & M Hydraulic Services Ltd. for the year ended 30th April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of H & M Hydraulic Services Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H & M Hydraulic Services Ltd. and state those matters that we have agreed to state to the Board of Directors of H & M Hydraulic Services Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H & M Hydraulic Services Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H & M Hydraulic Services Ltd.. You consider that H & M Hydraulic Services Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H & M Hydraulic Services Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Frame Kennedy
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT


11th September 2023

H & M Hydraulic Services Ltd. (Registered number: SC247310)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 202,801 209,621

Current assets
Stocks 25,301 23,091
Debtors 5 56,143 73,613
Cash at bank and in hand 211,281 190,769
292,725 287,473
Creditors
Amounts falling due within one year 6 169,488 137,246
Net current assets 123,237 150,227
Total assets less current liabilities 326,038 359,848

Provisions for liabilities 4,452 4,989
Net assets 321,586 354,859

Capital and reserves
Called up share capital 50 50
Capital redemption reserve (164,950 ) (164,950 )
Retained earnings 486,486 519,759
321,586 354,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

H & M Hydraulic Services Ltd. (Registered number: SC247310)

Balance Sheet - continued
30th April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2023 and were signed on its behalf by:





P Pasieka - Director


H & M Hydraulic Services Ltd. (Registered number: SC247310)

Notes to the Financial Statements
for the year ended 30th April 2023


1. Statutory information

H & M Hydraulic Services Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

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.

H & M Hydraulic Services Ltd. (Registered number: SC247310)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 8 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1st May 2022 197,821 195,927 393,748
Additions - 3,682 3,682
At 30th April 2023 197,821 199,609 397,430
Depreciation
At 1st May 2022 11,633 172,494 184,127
Charge for year 3,724 6,778 10,502
At 30th April 2023 15,357 179,272 194,629
Net book value
At 30th April 2023 182,464 20,337 202,801
At 30th April 2022 186,188 23,433 209,621

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 44,981 63,653
Other debtors 11,162 9,960
56,143 73,613

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 59,523 53,788
Taxation and social security 3,467 8,254
Other creditors 106,498 75,204
169,488 137,246

H & M Hydraulic Services Ltd. (Registered number: SC247310)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


7. Related party disclosures

During the year the company paid remuneration of £59,230 (2022-£50,660) and dividends of £42,917 (2022-£43,750) to the directors of the company.