IRIS Accounts Production v23.1.5.20 11909188 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119091882022-03-31119091882023-03-31119091882022-04-012023-03-31119091882021-03-31119091882021-04-012022-03-31119091882022-03-3111909188ns15:EnglandWales2022-04-012023-03-3111909188ns14:PoundSterling2022-04-012023-03-3111909188ns10:Director12022-04-012023-03-3111909188ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111909188ns10:SmallEntities2022-04-012023-03-3111909188ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111909188ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111909188ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111909188ns10:FullAccounts2022-04-012023-03-3111909188ns10:RegisteredOffice2022-04-012023-03-3111909188ns5:CurrentFinancialInstruments2023-03-3111909188ns5:CurrentFinancialInstruments2022-03-3111909188ns5:Non-currentFinancialInstruments2023-03-3111909188ns5:Non-currentFinancialInstruments2022-03-3111909188ns5:ShareCapital2023-03-3111909188ns5:ShareCapital2022-03-3111909188ns5:RetainedEarningsAccumulatedLosses2023-03-3111909188ns5:RetainedEarningsAccumulatedLosses2022-03-3111909188ns5:PlantMachinery2022-04-012023-03-3111909188ns5:PlantMachinery2022-03-3111909188ns5:PlantMachinery2023-03-3111909188ns5:PlantMachinery2022-03-3111909188ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111909188ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 11909188 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

NE Hydraulics Limited

NE Hydraulics Limited (Registered number: 11909188)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NE Hydraulics Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M Hawke





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 11909188 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

NE Hydraulics Limited (Registered number: 11909188)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,724 43,368

CURRENT ASSETS
Debtors 5 44,502 37,900
Cash at bank 159,500 124,521
204,002 162,421
CREDITORS
Amounts falling due within one year 6 91,772 96,630
NET CURRENT ASSETS 112,230 65,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,954

109,159

CREDITORS
Amounts falling due after more than one
year

7

(2,217

)

(10,028

)

PROVISIONS FOR LIABILITIES (5,272 ) (7,087 )
NET ASSETS 137,465 92,044

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 137,455 92,034
137,465 92,044

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 director acknowledges his 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.

NE Hydraulics Limited (Registered number: 11909188)

Balance Sheet - continued
31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





Mr M Hawke - Director


NE Hydraulics Limited (Registered number: 11909188)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

NE Hydraulics Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery etc - 30% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 4 (2022 - 3 ) .

NE Hydraulics Limited (Registered number: 11909188)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 79,975
DEPRECIATION
At 1 April 2022 36,607
Charge for year 10,644
At 31 March 2023 47,251
NET BOOK VALUE
At 31 March 2023 32,724
At 31 March 2022 43,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,002 37,374
Other debtors 1,500 526
44,502 37,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,810 10,675
Trade creditors 9,091 14,340
Taxation and social security 28,750 23,108
Other creditors 46,121 48,507
91,772 96,630

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,217 10,028