IRIS Accounts Production v23.4.0.336 03372839 Board of Directors Board of Directors 1.6.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033728392023-05-31033728392023-12-31033728392023-06-012023-12-31033728392022-05-31033728392022-06-012023-05-31033728392023-05-3103372839ns15:EnglandWales2023-06-012023-12-3103372839ns14:PoundSterling2023-06-012023-12-3103372839ns10:Director12023-06-012023-12-3103372839ns10:Director22023-06-012023-12-3103372839ns10:PrivateLimitedCompanyLtd2023-06-012023-12-3103372839ns10:SmallEntities2023-06-012023-12-3103372839ns10:AuditExemptWithAccountantsReport2023-06-012023-12-3103372839ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012023-12-3103372839ns10:SmallCompaniesRegimeForAccounts2023-06-012023-12-3103372839ns10:FullAccounts2023-06-012023-12-310337283912023-06-012023-12-3103372839ns10:CompanySecretary12023-06-012023-12-3103372839ns10:RegisteredOffice2023-06-012023-12-3103372839ns5:CurrentFinancialInstruments2023-12-3103372839ns5:CurrentFinancialInstruments2023-05-3103372839ns5:ShareCapital2023-12-3103372839ns5:ShareCapital2023-05-3103372839ns5:SharePremium2023-12-3103372839ns5:SharePremium2023-05-3103372839ns5:RetainedEarningsAccumulatedLosses2023-12-3103372839ns5:RetainedEarningsAccumulatedLosses2023-05-3103372839ns5:NetGoodwill2023-06-012023-12-3103372839ns5:IntangibleAssetsOtherThanGoodwill2023-06-012023-12-3103372839ns5:PlantMachinery2023-06-012023-12-3103372839ns5:FurnitureFittings2023-06-012023-12-3103372839ns5:MotorVehicles2023-06-012023-12-3103372839ns5:NetGoodwill2023-05-3103372839ns5:NetGoodwill2023-12-3103372839ns5:NetGoodwill2023-05-3103372839ns5:PlantMachinery2023-05-3103372839ns5:FurnitureFittings2023-05-3103372839ns5:MotorVehicles2023-05-3103372839ns5:PlantMachinery2023-12-3103372839ns5:FurnitureFittings2023-12-3103372839ns5:MotorVehicles2023-12-3103372839ns5:PlantMachinery2023-05-3103372839ns5:FurnitureFittings2023-05-3103372839ns5:MotorVehicles2023-05-3103372839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103372839ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 03372839 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2023 TO 31 DECEMBER 2023

FOR

MOBILE HYDRAULICS LIMITED

MOBILE HYDRAULICS LIMITED (REGISTERED NUMBER: 03372839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

MOBILE HYDRAULICS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023







DIRECTORS: K Waring
G M Robbins





SECRETARY: Mrs C Waring





REGISTERED OFFICE: 80 Bateman Road
East Leake
Loughborough
Leicestershire
LE12 6NN





REGISTERED NUMBER: 03372839 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

MOBILE HYDRAULICS LIMITED (REGISTERED NUMBER: 03372839)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,196 23,450
28,196 23,450

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 51,023 51,891
Cash at bank 37,277 40,100
93,300 96,991
CREDITORS
Amounts falling due within one year 7 76,141 33,730
NET CURRENT ASSETS 17,159 63,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,355

86,711

PROVISIONS FOR LIABILITIES 5,357 4,456
NET ASSETS 39,998 82,255

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 14,950 14,950
Retained earnings 24,948 67,205
SHAREHOLDERS' FUNDS 39,998 82,255

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

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

MOBILE HYDRAULICS LIMITED (REGISTERED NUMBER: 03372839)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:




K Waring - Director



G M Robbins - Director


MOBILE HYDRAULICS LIMITED (REGISTERED NUMBER: 03372839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mobile 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

MOBILE HYDRAULICS LIMITED (REGISTERED NUMBER: 03372839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 December 2023 7,000
AMORTISATION
At 1 June 2023
and 31 December 2023 7,000
NET BOOK VALUE
At 31 December 2023 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 29,528 7,438 51,896 88,862
Additions - - 12,250 12,250
At 31 December 2023 29,528 7,438 64,146 101,112
DEPRECIATION
At 1 June 2023 21,109 1,646 42,657 65,412
Charge for period 1,263 869 5,372 7,504
At 31 December 2023 22,372 2,515 48,029 72,916
NET BOOK VALUE
At 31 December 2023 7,156 4,923 16,117 28,196
At 31 May 2023 8,419 5,792 9,239 23,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 51,023 51,891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 1,237 89
Taxation and social security 37,882 28,759
Other creditors 37,022 4,882
76,141 33,730

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023, an amount of £36,022 (31 May 2023 £4,052) was due to the directors, which is included within creditors on the balance sheet.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr/Mrs Waring and Mr/Mrs Robbins.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOBILE HYDRAULICS LIMITED

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 Mobile Hydraulics Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mobile Hydraulics Limited, 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 Mobile Hydraulics Limited and state those matters that we have agreed to state to the Board of Directors of Mobile Hydraulics Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Mobile Hydraulics Limited 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 Mobile Hydraulics Limited. You consider that Mobile Hydraulics Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Mobile Hydraulics Limited. 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.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


28 February 2024