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Company Registration No. 03932202 (England and Wales)
G P Hydraulics Limited Unaudited accounts for the year ended 31 March 2024
G P Hydraulics Limited Unaudited accounts Contents
Page
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G P Hydraulics Limited Company Information for the year ended 31 March 2024
Directors
Phillip Anthony Lewis Garry Morgan Daniel Phillip Lewis
Company Number
03932202 (England and Wales)
Registered Office
Unit 21 Neath Abbey Business Park Neath Swansea SA10 7DR
Accountants
RGS Accountants Limited 5 Commercial Street Ystradgynlais Swansea SA9 1HD
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G P Hydraulics Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,369 
71,577 
Current assets
Inventories
500 
500 
Debtors
267,283 
191,716 
Cash at bank and in hand
109,620 
65,338 
377,403 
257,554 
Creditors: amounts falling due within one year
(135,459)
(113,823)
Net current assets
241,944 
143,731 
Total assets less current liabilities
297,313 
215,308 
Creditors: amounts falling due after more than one year
(75,509)
(30,000)
Net assets
221,804 
185,308 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
221,801 
185,305 
Shareholders' funds
221,804 
185,308 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Daniel Phillip Lewis Director Company Registration No. 03932202
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G P Hydraulics Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
G P Hydraulics Limited is a private company, limited by shares, registered in England and Wales, registration number 03932202. The registered office is Unit 21, Neath Abbey Business Park, Neath, Swansea, SA10 7DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance - 25%
Motor vehicles
Reducing Balance - 25%
Fixtures & fittings
Reducing Balance - 25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
198,829 
47,919 
6,937 
253,685 
Additions
2,250 
- 
- 
2,250 
At 31 March 2024
201,079 
47,919 
6,937 
255,935 
Depreciation
At 1 April 2023
154,479 
20,965 
6,664 
182,108 
Charge for the year
11,651 
6,739 
68 
18,458 
At 31 March 2024
166,130 
27,704 
6,732 
200,566 
Net book value
At 31 March 2024
34,949 
20,215 
205 
55,369 
At 31 March 2023
44,350 
26,954 
273 
71,577 
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G P Hydraulics Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
259,088 
186,514 
Accrued income and prepayments
3,082 
3,082 
Other debtors
5,113 
2,120 
267,283 
191,716 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,680 
10,000 
VAT
17,012 
18,819 
Trade creditors
15,042 
35,862 
Taxes and social security
92,725 
49,142 
135,459 
113,823 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,615 
30,000 
Other creditors
56,894 
- 
75,509 
30,000 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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