IRIS Accounts Production v24.1.4.33 03854771 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure038547712022-10-31038547712023-10-31038547712022-11-012023-10-31038547712021-10-31038547712021-11-012022-10-31038547712022-10-3103854771ns16:EnglandWales2022-11-012023-10-3103854771ns15:PoundSterling2022-11-012023-10-3103854771ns11:Director12022-11-012023-10-3103854771ns11:Director22022-11-012023-10-3103854771ns11:PrivateLimitedCompanyLtd2022-11-012023-10-3103854771ns11:SmallEntities2022-11-012023-10-3103854771ns11:AuditExempt-NoAccountantsReport2022-11-012023-10-3103854771ns11:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3103854771ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3103854771ns11:FullAccounts2022-11-012023-10-310385477112022-11-012023-10-3103854771ns11:Director32022-11-012023-10-3103854771ns11:Director42022-11-012023-10-3103854771ns11:CompanySecretary12022-11-012023-10-3103854771ns11:RegisteredOffice2022-11-012023-10-3103854771ns6:CurrentFinancialInstruments2023-10-3103854771ns6:CurrentFinancialInstruments2022-10-3103854771ns6:ShareCapital2023-10-3103854771ns6:ShareCapital2022-10-3103854771ns6:FurtherSpecificReserve1ComponentTotalEquity2023-10-3103854771ns6:FurtherSpecificReserve1ComponentTotalEquity2022-10-3103854771ns6:RetainedEarningsAccumulatedLosses2023-10-3103854771ns6:RetainedEarningsAccumulatedLosses2022-10-3103854771ns6:NetGoodwill2022-11-012023-10-3103854771ns6:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3103854771ns6:PlantMachinery2022-11-012023-10-3103854771ns6:FurnitureFittings2022-11-012023-10-3103854771ns6:MotorVehicles2022-11-012023-10-3103854771ns6:NetGoodwill2022-10-3103854771ns6:NetGoodwill2023-10-3103854771ns6:NetGoodwill2022-10-3103854771ns6:PlantMachinery2022-10-3103854771ns6:FurnitureFittings2022-10-3103854771ns6:MotorVehicles2022-10-3103854771ns6:PlantMachinery2023-10-3103854771ns6:FurnitureFittings2023-10-3103854771ns6:MotorVehicles2023-10-3103854771ns6:PlantMachinery2022-10-3103854771ns6:FurnitureFittings2022-10-3103854771ns6:MotorVehicles2022-10-3103854771ns6:WithinOneYearns6:CurrentFinancialInstruments2023-10-3103854771ns6:WithinOneYearns6:CurrentFinancialInstruments2022-10-31
REGISTERED NUMBER: 03854771 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

EAST YORKSHIRE HYDRAULICS LIMITED

EAST YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST YORKSHIRE HYDRAULICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: J Williams
B Kirby
Mrs A Kirby
Mrs J Williams





SECRETARY: B Kirby





REGISTERED OFFICE: 4b & 4c Harpings Road
National Avenue
Hull
East Yorkshire
HU5 4JF





REGISTERED NUMBER: 03854771 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

EAST YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 53,747 69,634
53,748 69,635

CURRENT ASSETS
Stocks 252,000 453,060
Debtors 6 502,465 550,285
Cash at bank 1,131,997 746,520
1,886,462 1,749,865
CREDITORS
Amounts falling due within one year 7 250,810 298,280
NET CURRENT ASSETS 1,635,652 1,451,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,689,400

1,521,220

PROVISIONS FOR LIABILITIES 13,437 17,153
NET ASSETS 1,675,963 1,504,067

CAPITAL AND RESERVES
Called up share capital 4 4
EBT Loan charge settlement 345,214 388,328
Retained earnings 1,330,745 1,115,735
SHAREHOLDERS' FUNDS 1,675,963 1,504,067

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

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

EAST YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 30th November 2023 and were signed on its behalf by:




J Williams - Director



B Kirby - Director


EAST YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

East Yorkshire 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 1999, is being amortised evenly over its estimated useful life of twenty 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 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 YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 20,105
AMORTISATION
At 1st November 2022
and 31st October 2023 20,104
NET BOOK VALUE
At 31st October 2023 1
At 31st October 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2022
and 31st October 2023 113,384 20,749 323,131 457,264
DEPRECIATION
At 1st November 2022 98,749 20,175 268,706 387,630
Charge for year 2,195 86 13,606 15,887
At 31st October 2023 100,944 20,261 282,312 403,517
NET BOOK VALUE
At 31st October 2023 12,440 488 40,819 53,747
At 31st October 2022 14,635 574 54,425 69,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 474,233 526,721
Prepayments 28,232 23,564
502,465 550,285

EAST YORKSHIRE HYDRAULICS LIMITED (REGISTERED NUMBER: 03854771)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 59,586 132,647
Tax 83,452 81,400
Social security and other taxes 17,362 16,000
VAT 71,362 50,756
Directors' current accounts 2,006 11,727
Accrued expenses 17,042 5,750
250,810 298,280

8. OTHER FINANCIAL COMMITMENTS

The company has an annual operating lease commitment to make payments to its landlords of £ 43,000 in respect of the rental of premises at Units 4b & 4c Harpings Road, National Avenue, Kingston Upon Hull.

9. RELATED PARTY DISCLOSURES

During the course of the year the company traded with its directors by way of directors' loan account. The transactions were as follows:

Mr & Mrs B Kirby

The balance owed to the directors as at 31st October 2023 was £ 1,646 (2022 £ 5,206)

Mr & Mrs J Williams

The balance owed to the directors as at 31st October 2022 was £ 360 (2022 £ 6,521)