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REGISTERED NUMBER: 11909188 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

NE Hydraulics Limited

NE Hydraulics Limited (Registered number: 11909188)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NE Hydraulics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr M Hawke





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH





REGISTERED NUMBER: 11909188 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

NE Hydraulics Limited (Registered number: 11909188)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,264 32,724

CURRENT ASSETS
Debtors 5 45,905 44,502
Cash at bank 197,029 159,500
242,934 204,002
CREDITORS
Amounts falling due within one year 6 66,888 91,772
NET CURRENT ASSETS 176,046 112,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,310

144,954

CREDITORS
Amounts falling due after more than one
year

7

(37,609

)

(2,217

)

PROVISIONS FOR LIABILITIES (18,796 ) (5,272 )
NET ASSETS 198,905 137,465

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 198,895 137,455
198,905 137,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

NE Hydraulics Limited (Registered number: 11909188)

Balance Sheet - continued
31 March 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Mr M Hawke - Director


NE Hydraulics Limited (Registered number: 11909188)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

NE 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.

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 etc - 30% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 3 (2023 - 4 ) .

NE Hydraulics Limited (Registered number: 11909188)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 79,975
Additions 72,768
At 31 March 2024 152,743
DEPRECIATION
At 1 April 2023 47,251
Charge for year 26,228
At 31 March 2024 73,479
NET BOOK VALUE
At 31 March 2024 79,264
At 31 March 2023 32,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,405 43,002
Other debtors 1,500 1,500
45,905 44,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,440 7,810
Trade creditors 11,934 9,091
Taxation and social security 13,384 28,750
Other creditors 25,130 46,121
66,888 91,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 37,609 2,217