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REGISTERED NUMBER: 03741726 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

S.J.R. HYDRAULIC HOSES LTD.

S.J.R. HYDRAULIC HOSES LTD. (REGISTERED NUMBER: 03741726)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S.J.R. HYDRAULIC HOSES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: S R Wadey
R Wadey
Ms J Mortimer Wadey





SECRETARY: S R Wadey





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 03741726 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

S.J.R. HYDRAULIC HOSES LTD. (REGISTERED NUMBER: 03741726)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 19,298 10,419

CURRENT ASSETS
Stocks 4 40,000 45,000
Debtors 5 66,673 66,733
Cash at bank and in hand 191,521 174,683
298,194 286,416
CREDITORS
Amounts falling due within one year 6 22,617 42,111
NET CURRENT ASSETS 275,577 244,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,875

254,724

PROVISIONS FOR LIABILITIES 4,825 1,980
NET ASSETS 290,050 252,744

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,950 252,644
290,050 252,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:



Ms J Mortimer Wadey - Director R Wadey - Director



S R Wadey - Director


S.J.R. HYDRAULIC HOSES LTD. (REGISTERED NUMBER: 03741726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. 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 represents the value of goods (net of VAT) provided to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 Income Statement, 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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 19,191 533 - 1,692 21,416
Additions - - 10,995 - 10,995
At 31 March 2023 19,191 533 10,995 1,692 32,411
DEPRECIATION
At 1 April 2022 9,520 91 - 1,386 10,997
Charge for year 967 133 862 154 2,116
At 31 March 2023 10,487 224 862 1,540 13,113
NET BOOK VALUE
At 31 March 2023 8,704 309 10,133 152 19,298
At 31 March 2022 9,671 442 - 306 10,419

S.J.R. HYDRAULIC HOSES LTD. (REGISTERED NUMBER: 03741726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. STOCKS
2023 2022
£    £   
Stocks 40,000 45,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,389 38,792
Amounts owed by group undertakings 834 -
Other debtors 6,834 6,709
Directors' loan accounts 21,616 21,232
66,673 66,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,390 19,824
Amounts owed to group undertakings - 5,416
Tax 7,498 10,973
VAT 7,770 4,200
Accrued expenses 1,959 1,698
22,617 42,111

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S R Wadey
Balance outstanding at start of year 19,232 23,643
Amounts advanced 384 589
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,616 19,232

R Wadey
Balance outstanding at start of year 1,000 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,000 1,000

Ms J Mortimer Wadey
Balance outstanding at start of year 1,000 1,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,000 1,000

This balance represented the maximum amount outstanding during the year and the loan is charged interest of 2% and repayable on demand.

S.J.R. HYDRAULIC HOSES LTD. (REGISTERED NUMBER: 03741726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is S R Wadey.

This was by virtue of his 80% holding of the issued share capital.