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Company Registration No. 02632578 (England and Wales)
Hydraulic & Engineering Services Limited Unaudited accounts for the year ended 30 June 2024
Hydraulic & Engineering Services Limited Unaudited accounts Contents
Page
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Hydraulic & Engineering Services Limited Company Information for the year ended 30 June 2024
Directors
Mr A Bute Mr S Matthews
Secretary
Mr S Matthews
Company Number
02632578 (England and Wales)
Registered Office
Units 5-7 Victory Park, Trident Close, Rochester Kent ME2 4ER England
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Hydraulic & Engineering Services Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
235,503 
241,625 
Current assets
Inventories
180,929 
197,422 
Debtors
539,036 
408,268 
Cash at bank and in hand
349,302 
325,313 
1,069,267 
931,003 
Creditors: amounts falling due within one year
(563,839)
(518,402)
Net current assets
505,428 
412,601 
Total assets less current liabilities
740,931 
654,226 
Creditors: amounts falling due after more than one year
(61,131)
(91,680)
Net assets
679,800 
562,546 
Capital and reserves
Called up share capital
499 
499 
Share premium
1,501 
1,501 
Profit and loss account
677,800 
560,546 
Shareholders' funds
679,800 
562,546 
For the year ending 30 June 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 6 November 2024 and were signed on its behalf by
Mr A Bute Director Company Registration No. 02632578
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Hydraulic & Engineering Services Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hydraulic & Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02632578. The registered office is Units 5-7 Victory Park,, Trident Close,, Rochester, Kent, ME2 4ER, England.
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
- 10 years
Motor vehicles
- 6 years
Computer equipment
- 4 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
359,501 
152,788 
- 
7,445 
519,734 
Additions
15,650 
14,829 
520 
1,550 
32,549 
Disposals
- 
(8,904)
- 
- 
(8,904)
At 30 June 2024
375,151 
158,713 
520 
8,995 
543,379 
Depreciation
At 1 July 2023
203,698 
68,494 
- 
5,917 
278,109 
Charge for the year
19,077 
18,602 
43 
949 
38,671 
On disposals
- 
(8,904)
- 
- 
(8,904)
At 30 June 2024
222,775 
78,192 
43 
6,866 
307,876 
Net book value
At 30 June 2024
152,376 
80,521 
477 
2,129 
235,503 
At 30 June 2023
155,803 
84,294 
- 
1,528 
241,625 
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Hydraulic & Engineering Services Limited Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
453,186 
326,650 
Accrued income and prepayments
74,100 
69,868 
Other debtors
11,750 
11,750 
539,036 
408,268 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
69,000 
105,000 
Obligations under finance leases and hire purchase contracts
30,550 
31,130 
Trade creditors
217,338 
237,057 
Taxes and social security
164,076 
91,693 
Other creditors
3,247 
7,610 
Loans from directors
10,927 
10,927 
Accruals
68,701 
34,985 
563,839 
518,402 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
61,131 
91,680 
8
Average number of employees
During the year the average number of employees was 28 (2023: 28).
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