IRIS Accounts Production v24.2.0.383 05004995 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050049952022-12-31050049952023-12-31050049952023-01-012023-12-31050049952021-12-31050049952022-01-012022-12-31050049952022-12-3105004995ns15:EnglandWales2023-01-012023-12-3105004995ns14:PoundSterling2023-01-012023-12-3105004995ns10:Director12023-01-012023-12-3105004995ns10:Director22023-01-012023-12-3105004995ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105004995ns10:SmallEntities2023-01-012023-12-3105004995ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105004995ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105004995ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105004995ns10:FullAccounts2023-01-012023-12-310500499512023-01-012023-12-3105004995ns10:RegisteredOffice2023-01-012023-12-3105004995ns5:CurrentFinancialInstruments2023-12-3105004995ns5:CurrentFinancialInstruments2022-12-3105004995ns5:Non-currentFinancialInstruments2023-12-3105004995ns5:Non-currentFinancialInstruments2022-12-3105004995ns5:ShareCapital2023-12-3105004995ns5:ShareCapital2022-12-3105004995ns5:RetainedEarningsAccumulatedLosses2023-12-3105004995ns5:RetainedEarningsAccumulatedLosses2022-12-3105004995ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105004995ns5:PlantMachinery2023-01-012023-12-3105004995ns5:ComputerEquipment2023-01-012023-12-3105004995ns5:NetGoodwill2022-12-3105004995ns5:NetGoodwill2023-12-3105004995ns5:NetGoodwill2022-12-3105004995ns5:PlantMachinery2022-12-3105004995ns5:ComputerEquipment2022-12-3105004995ns5:PlantMachinery2023-12-3105004995ns5:ComputerEquipment2023-12-3105004995ns5:PlantMachinery2022-12-3105004995ns5:ComputerEquipment2022-12-3105004995ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105004995ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 05004995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HYDRAULIC HOSE & ENGINEERING LIMITED

HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

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


HYDRAULIC HOSE & ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I P Green
E McDermott





REGISTERED OFFICE: 14 Cavans Way
Binley Industrial Estate
Coventry
CV3 2SF





REGISTERED NUMBER: 05004995 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,505 654
Investments 6 240,850 79,917
244,355 80,571

CURRENT ASSETS
Stocks 30,235 40,000
Debtors 7 370,925 438,293
Cash at bank 24 11,387
401,184 489,680
CREDITORS
Amounts falling due within one year 8 578,432 436,222
NET CURRENT (LIABILITIES)/ASSETS (177,248 ) 53,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,107

134,029

CREDITORS
Amounts falling due after more than one
year

9

53,736

158,592
NET ASSETS/(LIABILITIES) 13,371 (24,563 )

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 13,359 (24,575 )
13,371 (24,563 )

HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

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 25 September 2024 and were signed on its behalf by:




E McDermott - Director



I P Green - Director


HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hydraulic Hose & 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.

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 - 15% reducing balance
Computer equipment - 33% per annum of 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.

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 7 (2022 - 5 ) .

HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 100,000
AMORTISATION
At 1 January 2023
and 31 December 2023 100,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 8,814 3,000 11,814
Additions - 4,067 4,067
At 31 December 2023 8,814 7,067 15,881
DEPRECIATION
At 1 January 2023 8,160 3,000 11,160
Charge for year 98 1,118 1,216
At 31 December 2023 8,258 4,118 12,376
NET BOOK VALUE
At 31 December 2023 556 2,949 3,505
At 31 December 2022 654 - 654

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Other investments 79,917 79,917
No description 160,933 -
240,850 79,917

HYDRAULIC HOSE & ENGINEERING LIMITED (REGISTERED NUMBER: 05004995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 331,662 293,722
Other debtors 39,263 144,571
370,925 438,293

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 312,646 205,078
Trade creditors 180,553 192,055
Taxation and social security 63,546 29,569
Other creditors 21,687 9,520
578,432 436,222

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 53,736 158,592