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REGISTERED NUMBER: 01506555 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Aeroflex Hose and Engineering Limited

Aeroflex Hose and Engineering Limited (Registered number: 01506555)






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


Aeroflex Hose and Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D M Murphy
B D Murphy
D R Lloyd
D Grant





REGISTERED OFFICE: 898 - 902 Wimborne Road
Moordown
Bournemouth
Dorset
BH9 2DW





REGISTERED NUMBER: 01506555 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Aeroflex Hose and Engineering Limited (Registered number: 01506555)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,489 17,635
Tangible assets 5 106,719 92,903
126,208 110,538

CURRENT ASSETS
Stocks 708,243 601,683
Debtors 6 1,293,343 945,725
Cash at bank and in hand 1,043,291 3,131,610
3,044,877 4,679,018
CREDITORS
Amounts falling due within one year 7 1,033,663 898,583
NET CURRENT ASSETS 2,011,214 3,780,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,137,422

3,890,973

PROVISIONS FOR LIABILITIES 29,684 21,002
NET ASSETS 2,107,738 3,869,971

CAPITAL AND RESERVES
Called up share capital 6,401 6,401
Capital redemption reserve 3,603 3,603
Retained earnings 2,097,734 3,859,967
2,107,738 3,869,971

Aeroflex Hose and Engineering Limited (Registered number: 01506555)

Balance Sheet - continued
31 December 2023


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 11 September 2024 and were signed on its behalf by:





D M Murphy - Director


Aeroflex Hose and Engineering Limited (Registered number: 01506555)

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

1. STATUTORY INFORMATION

Aeroflex Hose and Engineering 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - in accordance with the property
Plant and machinery etc - 25% on cost, 25% on reducing balance, 20% on cost and 10% on cost

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.


Aeroflex Hose and Engineering Limited (Registered number: 01506555)

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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

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 36 (2022 - 38 ) .

Aeroflex Hose and Engineering Limited (Registered number: 01506555)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 21,400
Additions 8,550
At 31 December 2023 29,950
AMORTISATION
At 1 January 2023 3,765
Charge for year 6,696
At 31 December 2023 10,461
NET BOOK VALUE
At 31 December 2023 19,489
At 31 December 2022 17,635

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 5,556 1,307,645 1,313,201
Additions - 45,406 45,406
At 31 December 2023 5,556 1,353,051 1,358,607
DEPRECIATION
At 1 January 2023 5,556 1,214,742 1,220,298
Charge for year - 31,590 31,590
At 31 December 2023 5,556 1,246,332 1,251,888
NET BOOK VALUE
At 31 December 2023 - 106,719 106,719
At 31 December 2022 - 92,903 92,903

Aeroflex Hose and Engineering Limited (Registered number: 01506555)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,163,772 824,438
Other debtors 129,571 121,287
1,293,343 945,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade creditors 312,586 331,043
Amounts owed to group undertakings 25,699 -
Taxation and social security 558,199 342,729
Other creditors 137,179 224,811
1,033,663 898,583