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REGISTERED NUMBER: 03272188 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

C & C Hydraulics Limited

C & C Hydraulics Limited (Registered number: 03272188)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


C & C Hydraulics Limited (Registered number: 03272188)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 667,208 604,875

CURRENT ASSETS
Stocks 745,198 852,431
Debtors 5 507,757 871,065
Cash at bank and in hand 486,262 115,649
1,739,217 1,839,145
CREDITORS
Amounts falling due within one year 6 957,243 1,034,618
NET CURRENT ASSETS 781,974 804,527
TOTAL ASSETS LESS CURRENT LIABILITIES 1,449,182 1,409,402

CREDITORS
Amounts falling due after more than one year 7 (41,770 ) (26,667 )

PROVISIONS FOR LIABILITIES (86,285 ) (61,845 )
NET ASSETS 1,321,127 1,320,890

C & C Hydraulics Limited (Registered number: 03272188)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 191,612 195,902
Capital redemption reserve 67 67
Retained earnings 1,129,348 1,124,821
SHAREHOLDERS' FUNDS 1,321,127 1,320,890

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.

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 7 August 2024 and were signed on its behalf by:





I P Couch - Director


C & C Hydraulics Limited (Registered number: 03272188)

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

1. STATUTORY INFORMATION

C & C Hydraulics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03272188

Registered office: Unit 3 Aireside Business Park
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on revalued amount
Plant and machinery etc - 30% on reducing balance, 20% on reducing balance and 15% 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

C & C Hydraulics Limited (Registered number: 03272188)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 522,000 367,759 889,759
Additions - 106,537 106,537
Disposals - (74,911 ) (74,911 )
At 31 December 2023 522,000 399,385 921,385
DEPRECIATION
At 1 January 2023 30,450 254,434 284,884
Charge for year 10,440 27,074 37,514
Eliminated on disposal - (68,221 ) (68,221 )
At 31 December 2023 40,890 213,287 254,177
NET BOOK VALUE
At 31 December 2023 481,110 186,098 667,208
At 31 December 2022 491,550 113,325 604,875

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2013 39,473 - 39,473
Valuation in 2014 50,002 - 50,002
Valuation in 2017 3,062 - 3,062
Valuation in 2020 121,984 - 121,984
Cost 307,479 399,385 706,864
522,000 399,385 921,385

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 307,479 307,479
Aggregate depreciation 74,737 68,587

Freehold land and buildings were valued on an open market basis on 20 November 2020 by Hayfield Robinson - Property Consultants .

C & C Hydraulics Limited (Registered number: 03272188)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 507,757 871,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 23,362 410,598
Hire purchase contracts 18,998 -
Trade creditors 785,714 476,277
Taxation and social security 116,643 89,478
Other creditors 12,526 58,265
957,243 1,034,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 25,103 -
41,770 26,667

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft - 400,598
Hire purchase contracts 44,101 -
44,101 400,598

9. RESERVES

Revaluation reserve

The revaluation reserve arises on revaluation of the freehold property. Deferred tax is provided on the reserve at the applicable corporation tax rate.

Capital redemption reserve

The capital redemption reserve arose on the repurchase of the share capital of the company from the shareholders and records the nominal value of the shares repurchased.

10. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.