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REGISTERED NUMBER: 09431443 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024

FOR

I S HYDRAULICS LTD

I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 27 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I S HYDRAULICS LTD

COMPANY INFORMATION
for the Period 1 March 2023 to 27 February 2024







DIRECTORS: I Slee
Mrs D Slee





REGISTERED OFFICE: 10 Battle View
Blaydon-On-Tyne
Tyne and Wear
NE21 4FR





REGISTERED NUMBER: 09431443 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Kings Hall
4 Imperial Buildings
Houghton Le Spring
Tyne and Wear
DH4 4DJ

I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)

BALANCE SHEET
27 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 30,521 38,238

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 4 142,319 79,869
Cash at bank 38,041 49,753
185,360 134,622
CREDITORS
Amounts falling due within one
year

5

92,235

69,500
NET CURRENT ASSETS 93,125 65,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,646

103,360

CREDITORS
Amounts falling due after more
than one year

6

-

(2,190

)

PROVISIONS FOR LIABILITIES (7,020 ) (7,265 )
NET ASSETS 116,626 93,905

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,526 93,805
SHAREHOLDERS' FUNDS 116,626 93,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 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.

I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)

BALANCE SHEET - continued
27 February 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





I Slee - Director


I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 March 2023 to 27 February 2024

1. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2023 to 27 February 2024

3. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 March 2023 5,904 52,797 58,701
Additions 1,847 - 1,847
At 27 February 2024 7,751 52,797 60,548
DEPRECIATION
At 1 March 2023 2,390 18,073 20,463
Charge for period 883 8,681 9,564
At 27 February 2024 3,273 26,754 30,027
NET BOOK VALUE
At 27 February 2024 4,478 26,043 30,521
At 28 February 2023 3,514 34,724 38,238

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 27 February 2024 26,802
DEPRECIATION
At 1 March 2023 6,700
Charge for period 5,026
At 27 February 2024 11,726
NET BOOK VALUE
At 27 February 2024 15,076
At 28 February 2023 20,102

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,332 78,835
Other debtors 987 1,034
142,319 79,869

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,190 3,754
Trade creditors 54,612 51,708
Taxation and social security 33,263 12,405
Other creditors 2,170 1,633
92,235 69,500

I S HYDRAULICS LTD (REGISTERED NUMBER: 09431443)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2023 to 27 February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 2,190