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REGISTERED NUMBER: SC297105 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EAST HYDRAULIC SERVICES LIMITED

EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,085 12,089

CURRENT ASSETS
Stocks 5 1,447 1,297
Debtors 6 29,463 137,248
Cash at bank 169,655 25,378
200,565 163,923
CREDITORS
Amounts falling due within one year 7 66,234 106,948
NET CURRENT ASSETS 134,331 56,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,416

69,064

PROVISIONS FOR LIABILITIES 4,469 2,389
NET ASSETS 139,947 66,675

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 139,917 66,645
SHAREHOLDERS' FUNDS 139,947 66,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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.

EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)

BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 4 July 2024 and were signed by:





W D Halley - Director


EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

East Hydraulic Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC297105

Registered office: Unit 3
Avenue Industrial Estate
Lochgelly
Fife
KY5 9HQ

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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.

EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 6,451 28,299 34,750
Additions 1,400 - - 1,400
At 31 March 2024 1,400 6,451 28,299 36,150
DEPRECIATION
At 1 April 2023 - 5,211 17,450 22,661
Charge for year 105 223 3,076 3,404
At 31 March 2024 105 5,434 20,526 26,065
NET BOOK VALUE
At 31 March 2024 1,295 1,017 7,773 10,085
At 31 March 2023 - 1,240 10,849 12,089

EAST HYDRAULIC SERVICES LIMITED (REGISTERED NUMBER: SC297105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 21,020
DEPRECIATION
At 1 April 2023 9,443
Charge for year 2,894
At 31 March 2024 12,337
NET BOOK VALUE
At 31 March 2024 8,683
At 31 March 2023 11,577

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,447 1,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,582 131,967
Other debtors 5,281 5,281
Prepayments 3,600 -
29,463 137,248

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 6,384
Tax 27,643 16,917
Social security and other taxes - 807
VAT 9,136 43,286
Other creditors 21,691 32,339
Accrued expenses 7,764 7,215
66,234 106,948

8. ULTIMATE CONTROLLING PARTY

The controlling party is W D Halley.

The ultimate controlling party is W D Halley.