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REGISTERED NUMBER: 04534829 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

V & A Hydraulics Limited

V & A Hydraulics Limited (Registered number: 04534829)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V & A Hydraulics Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: V J Seddon
Miss A Carmichael





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 04534829 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

V & A Hydraulics Limited (Registered number: 04534829)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,906 12,287
16,906 12,287

CURRENT ASSETS
Debtors 6 411,460 330,823
Cash at bank and in hand 167,378 349,480
578,838 680,303
CREDITORS
Amounts falling due within one year 7 80,965 110,326
NET CURRENT ASSETS 497,873 569,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,779

582,264

PROVISIONS FOR LIABILITIES 4,227 2,335
NET ASSETS 510,552 579,929

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 510,550 579,927
SHAREHOLDERS' FUNDS 510,552 579,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

V & A Hydraulics Limited (Registered number: 04534829)

Balance Sheet - continued
30 September 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 24 July 2024 and were signed on its behalf by:





Miss A Carmichael - Director


V & A Hydraulics Limited (Registered number: 04534829)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

V & A 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the Hydraulic maintenance fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes Revenue is recognised when the services are complete.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 7 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 etc - 33% on cost and 25% on reducing balance

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


V & A Hydraulics Limited (Registered number: 04534829)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

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 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 31,600
AMORTISATION
At 1 October 2022
and 30 September 2023 31,600
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

V & A Hydraulics Limited (Registered number: 04534829)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 133,085
Additions 11,472
At 30 September 2023 144,557
DEPRECIATION
At 1 October 2022 120,798
Charge for year 6,853
At 30 September 2023 127,651
NET BOOK VALUE
At 30 September 2023 16,906
At 30 September 2022 12,287

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 76,415 85,665
Amounts recoverable on contract 40,547 26,600
Other debtors 294,498 218,558
411,460 330,823

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 35,121 10,030
Taxation and social security 40,695 92,498
Other creditors 5,149 7,798
80,965 110,326

8. TRANSACTIONS WITH DIRECTORS

Mr V J Seddon and Miss A Carmichael, directors, operate a current account to which transactions of a private nature are charged. Included in other debtors at 30th September 2023 is £201,626 owed to the company. The loan was unsecured and interest was charged at 2%/2.25%.