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REGISTERED NUMBER: 03995822















Unaudited Financial Statements for the Year Ended 31st May 2024

for

FOREST HOSE & HYDRAULICS LIMITED

FOREST HOSE & HYDRAULICS LIMITED (REGISTERED NUMBER: 03995822)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOREST HOSE & HYDRAULICS LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTOR: S H Brown



SECRETARY: Mrs R J Brown



REGISTERED OFFICE: 325 Wingletye Lane
Hornchurch
Essex
RM11 3BU



REGISTERED NUMBER: 03995822



ACCOUNTANT: Frederick Budd & Co. Ltd
Certified Accountant
325 Wingletye Lane
Hornchurch
Essex
RM11 3BU



BANKERS: HSBC
15 The Mall
Stratford
London
E15 1XL

FOREST HOSE & HYDRAULICS LIMITED (REGISTERED NUMBER: 03995822)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,549 86,705

CURRENT ASSETS
Stocks 132,750 139,580
Debtors 5 207,265 233,747
Cash at bank and in hand 168,161 175,845
508,176 549,172
CREDITORS
Amounts falling due within one year 6 149,919 167,965
NET CURRENT ASSETS 358,257 381,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,806

467,912

CREDITORS
Amounts falling due after more than one year 7 (6,082 ) (10,330 )

PROVISIONS FOR LIABILITIES (10,451 ) (13,165 )
NET ASSETS 412,273 444,417

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 411,273 443,417
SHAREHOLDERS' FUNDS 412,273 444,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18th September 2024 and were signed by:





S H Brown - Director


FOREST HOSE & HYDRAULICS LIMITED (REGISTERED NUMBER: 03995822)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Forest Hose & Hydraulics Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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.

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.

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.

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 (2023 - 7 ) .

FOREST HOSE & HYDRAULICS LIMITED (REGISTERED NUMBER: 03995822)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 268,704
Disposals (21,139 )
At 31st May 2024 247,565
DEPRECIATION
At 1st June 2023 181,999
Charge for year 16,156
Eliminated on disposal (21,139 )
At 31st May 2024 177,016
NET BOOK VALUE
At 31st May 2024 70,549
At 31st May 2023 86,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 203,179 218,044
Bad debt provision (930 ) -
Tax - 9,078
Prepayments 5,016 6,625
207,265 233,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,048 10,427
Trade creditors 94,794 118,289
Taxation and social security 29,671 29,112
Other creditors 21,406 10,137
149,919 167,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,082 10,330

8. ULTIMATE CONTROLLING PARTY

The controlling party is S H Brown.