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Company Registration No. 07107345 (England and Wales)
2B HYDRAULICS LIMITED Unaudited accounts for the year ended 31 December 2023
2B HYDRAULICS LIMITED Unaudited accounts Contents
Page
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2B HYDRAULICS LIMITED Company Information for the year ended 31 December 2023
Directors
P BIGFORD M BIGFORD
Company Number
07107345 (England and Wales)
Registered Office
59 BLACKBURN AVENUE CLAREGATE WOLVERHAMPTON WV6 9JP
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2B HYDRAULICS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,793 
25,648 
Current assets
Inventories
242,504 
250,000 
Debtors
164,628 
171,756 
Cash at bank and in hand
68,229 
58,898 
475,361 
480,654 
Creditors: amounts falling due within one year
(148,611)
(161,362)
Net current assets
326,750 
319,292 
Total assets less current liabilities
357,543 
344,940 
Creditors: amounts falling due after more than one year
(17,325)
(24,325)
Net assets
340,218 
320,615 
Capital and reserves
Called up share capital
110 
110 
Profit and loss account
340,108 
320,505 
Shareholders' funds
340,218 
320,615 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2024 and were signed on its behalf by
P BIGFORD Director Company Registration No. 07107345
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2B HYDRAULICS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
2B HYDRAULICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07107345. The registered office is 59 BLACKBURN AVENUE, CLAREGATE, WOLVERHAMPTON, WV6 9JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
5,666 
20,539 
10,329 
36,534 
Additions
- 
6,039 
- 
6,039 
At 31 December 2023
5,666 
26,578 
10,329 
42,573 
Depreciation
At 1 January 2023
3,599 
- 
7,287 
10,886 
Charge for the year
689 
- 
205 
894 
At 31 December 2023
4,288 
- 
7,492 
11,780 
Net book value
At 31 December 2023
1,378 
26,578 
2,837 
30,793 
At 31 December 2022
2,067 
20,539 
3,042 
25,648 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
164,628 
171,756 
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2B HYDRAULICS LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(456,538)
(354,596)
Trade creditors
102,194 
127,338 
Taxes and social security
499,869 
395,757 
Other creditors
3,086 
3,086 
Loans from directors
- 
(9,248)
Accruals
- 
(975)
148,611 
161,362 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
24,500 
Obligations under finance leases and hire purchase contracts
(175)
(175)
17,325 
24,325 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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