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REGISTERED NUMBER: 08265201 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hosefix Hydraulics Limited

Hosefix Hydraulics Limited (Registered number: 08265201)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hosefix Hydraulics Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A Jefcoate





SECRETARY:





REGISTERED OFFICE: 33B Copenhagen Road
Sutton Fields Ind Estate
Kingston upon Hull
East Yorkshire
HU7 0XQ





REGISTERED NUMBER: 08265201 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Hosefix Hydraulics Limited (Registered number: 08265201)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 403,133 402,815

CURRENT ASSETS
Stocks 13,550 4,630
Debtors 5 236,671 187,477
Cash at bank and in hand 80,582 87,392
330,803 279,499
CREDITORS
Amounts falling due within one year 6 223,255 216,804
NET CURRENT ASSETS 107,548 62,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,681

465,510

CREDITORS
Amounts falling due after more than one
year

7

238,295

244,292
NET ASSETS 272,386 221,218

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 272,385 221,217
SHAREHOLDERS' FUNDS 272,386 221,218

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

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

Hosefix Hydraulics Limited (Registered number: 08265201)

Balance Sheet - continued
31 October 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 director and authorised for issue on 9 July 2024 and were signed by:





A Jefcoate - Director


Hosefix Hydraulics Limited (Registered number: 08265201)

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

1. STATUTORY INFORMATION

Hosefix 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 - 10% 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.

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.

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 6 (2022 - 6 ) .

Hosefix Hydraulics Limited (Registered number: 08265201)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 360,500 78,248 438,748
Additions - 14,995 14,995
At 31 October 2023 360,500 93,243 453,743
DEPRECIATION
At 1 November 2022 9,013 26,920 35,933
Charge for year 7,210 7,467 14,677
At 31 October 2023 16,223 34,387 50,610
NET BOOK VALUE
At 31 October 2023 344,277 58,856 403,133
At 31 October 2022 351,487 51,328 402,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 185,071 187,477
Other debtors 51,600 -
236,671 187,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 17,000 22,250
Trade creditors 120,505 99,789
Taxation and social security 55,586 46,077
Other creditors 30,164 48,688
223,255 216,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 238,295 244,292

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Jefcoate.