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REGISTERED NUMBER: 09912103 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

APH Hydraulic Engineering Ltd

APH Hydraulic Engineering Ltd (Registered number: 09912103)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APH Hydraulic Engineering Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Bookman
Mrs E J Bookman
A Bookman





REGISTERED OFFICE: C/o Simon Adams, Solicitors
Buchanan House
452A Bury Old Road
Prestwich
M25 1PQ





REGISTERED NUMBER: 09912103 (England and Wales)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

APH Hydraulic Engineering Ltd (Registered number: 09912103)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 434,952 319,273

CURRENT ASSETS
Stocks 931,811 887,951
Debtors 5 1,202,877 796,462
Cash at bank and in hand 1,314,212 534,137
3,448,900 2,218,550
CREDITORS
Amounts falling due within one year 6 2,350,324 959,480
NET CURRENT ASSETS 1,098,576 1,259,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,528

1,578,343

CREDITORS
Amounts falling due after more than one year 7 (751,434 ) (170,083 )

PROVISIONS FOR LIABILITIES (97,244 ) (65,453 )
NET ASSETS 684,850 1,342,807

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 684,750 1,342,707
SHAREHOLDERS' FUNDS 684,850 1,342,807

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

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

APH Hydraulic Engineering Ltd (Registered number: 09912103)

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 16 July 2024 and were signed on its behalf by:





A Bookman - Director


APH Hydraulic Engineering Ltd (Registered number: 09912103)

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

1. STATUTORY INFORMATION

APH Hydraulic Engineering Ltd 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 20% on cost and Straight line over 10 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of any transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.


APH Hydraulic Engineering Ltd (Registered number: 09912103)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 39 ) .

APH Hydraulic Engineering Ltd (Registered number: 09912103)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 725,950
Additions 220,076
Disposals (14,400 )
At 31 December 2023 931,626
DEPRECIATION
At 1 January 2023 406,677
Charge for year 104,254
Eliminated on disposal (14,257 )
At 31 December 2023 496,674
NET BOOK VALUE
At 31 December 2023 434,952
At 31 December 2022 319,273

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 210,000
Additions 173,000
At 31 December 2023 383,000
DEPRECIATION
At 1 January 2023 14,000
Charge for year 45,749
At 31 December 2023 59,749
NET BOOK VALUE
At 31 December 2023 323,251
At 31 December 2022 196,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,062,383 751,679
Other debtors 140,494 44,783
1,202,877 796,462

APH Hydraulic Engineering Ltd (Registered number: 09912103)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 71,775 37,800
Trade creditors 540,661 468,653
Taxation and social security 492,456 101,594
Other creditors 1,235,432 341,433
2,350,324 959,480

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,334 28,333
Hire purchase contracts 233,100 141,750
Other creditors 500,000 -
751,434 170,083

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,550,000 (2022 - £27,000) were paid to the directors .

At 31 December 2023 there is a sum due by the company to the Bookman family amounting to £1,143,944 (2022 £nil) of which £500,000 is included in creditors amounts falling due after more than one year. The amount due is secured by a bond and floating charge which covers all the property or undertaking of the company. The amount due is interest free and has no fixed repayment date.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K and Mrs E J Bookman.