TRIDENT HYDRAULICS LIMITED

Company Registration Number:
04991052 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

TRIDENT HYDRAULICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

TRIDENT HYDRAULICS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 728,734 739,023
Total fixed assets: 728,734 739,023
Current assets
Stocks: 297,561 376,622
Debtors:   239,267 256,636
Cash at bank and in hand: 1,313 0
Total current assets: 538,141 633,258
Creditors: amounts falling due within one year:   (369,740) (432,964)
Net current assets (liabilities): 168,401 200,294
Total assets less current liabilities: 897,135 939,317
Creditors: amounts falling due after more than one year:   (262,952) (335,165)
Provision for liabilities: (27,972) (30,520)
Total net assets (liabilities): 606,211 573,632
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 606,209 573,630
Shareholders funds: 606,211 573,632

The notes form part of these financial statements

TRIDENT HYDRAULICS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2024
and signed on behalf of the board by:

Name: MAJ Forster
Status: Director

The notes form part of these financial statements

TRIDENT HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of the consideration received or receivable,and is stated net of value added tax.Turnover is reduced for estimated customer returns,rebates or similar allowances.Turnover is recognised when goods are delivered and legal title passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets,less their estimated residual value,over their expected useful lives on the following basis:Office Fixtures and Equipment 10% reducing balance,Plant and Machinery 15% reducing balance and Leasehold Improvements 0%.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost or net realisable value after making due allowance for obsolete and slow moving stocks.Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Foreign Currencies-Monetary assets and liabilities in foreign currencies are translated into sterling at the exchange rates ruling at the Balance Sheet date.Transactions in foreign currencies are translated into sterling at the rates ruling on the date of the transaction.Exchange rate differences are taken into account in arriving at the operating profits. Deferred Taxation - The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes.

TRIDENT HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 9

TRIDENT HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 992,365
Additions 61,707
At 31 December 2023 1,054,072
Depreciation
At 01 January 2023 253,342
Charge for year 71,996
At 31 December 2023 325,338
Net book value
At 31 December 2023 728,734
At 31 December 2022 739,023

TRIDENT HYDRAULICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Name of the related party: MAJ Forster and CM Forster
Relationship:
Director and Shareholder
Description of the Transaction: Rent of premises paid by the Company to the Directors and charged to the Profit and Loss Account.Amount paid £78000.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0
Name of the related party: MAJ Forster and CM Forster
Relationship:
Director and Shareholder
Description of the Transaction: Rent of premises paid by the Company to the Director and Shareholder and charged to the profit and loss account.Amount paid £78000.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 0