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
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
2B HYDRAULICS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
30,793
25,648
Inventories
242,504
250,000
Cash at bank and in hand
68,229
58,898
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
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
2B HYDRAULICS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
5,666
26,578
10,329
42,573
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
At 31 December 2023
1,378
26,578
2,837
30,793
At 31 December 2022
2,067
20,539
3,042
25,648
Amounts falling due within one year
Trade debtors
164,628
171,756
2B HYDRAULICS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
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)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
(175)
(175)
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).