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REGISTERED NUMBER: SC329200 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

J C Hydraulics Ltd

J C Hydraulics Ltd (Registered number: SC329200)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J C Hydraulics Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J A M Cowie
Mrs S C Cowie
Mr S J Cowie





REGISTERED OFFICE: 10 The Square
Stuartfield
Peterhead
Aberdeenshire
AB42 5HN





REGISTERED NUMBER: SC329200 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

J C Hydraulics Ltd (Registered number: SC329200)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,768 70,288

CURRENT ASSETS
Stocks 189,926 158,877
Debtors 5 711,186 561,654
Cash at bank and in hand 1,417,754 1,448,380
2,318,866 2,168,911
CREDITORS
Amounts falling due within one year 6 181,398 201,488
NET CURRENT ASSETS 2,137,468 1,967,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,240,236

2,037,711

PROVISIONS FOR LIABILITIES 25,217 16,522
NET ASSETS 2,215,019 2,021,189

CAPITAL AND RESERVES
Called up share capital 999 1,000
Retained earnings 2,214,020 2,020,189
2,215,019 2,021,189

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

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

J C Hydraulics Ltd (Registered number: SC329200)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mr J A M Cowie - Director


J C Hydraulics Ltd (Registered number: SC329200)

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

1. STATUTORY INFORMATION

J C Hydraulics Ltd is a private company, limited by shares , registered in Scotland. 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

J C Hydraulics Ltd (Registered number: SC329200)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2023 6,000 182,192 7,210
Additions - 7,801 -
Disposals - (2,044 ) -
At 31 August 2024 6,000 187,949 7,210
DEPRECIATION
At 1 September 2023 1,800 122,401 3,017
Charge for year 600 16,842 629
Eliminated on disposal - (1,817 ) -
At 31 August 2024 2,400 137,426 3,646
NET BOOK VALUE
At 31 August 2024 3,600 50,523 3,564
At 31 August 2023 4,200 59,791 4,193

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 - 4,223 199,625
Additions 58,004 - 65,805
Disposals - - (2,044 )
At 31 August 2024 58,004 4,223 263,386
DEPRECIATION
At 1 September 2023 - 2,119 129,337
Charge for year 14,501 526 33,098
Eliminated on disposal - - (1,817 )
At 31 August 2024 14,501 2,645 160,618
NET BOOK VALUE
At 31 August 2024 43,503 1,578 102,768
At 31 August 2023 - 2,104 70,288

J C Hydraulics Ltd (Registered number: SC329200)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 322,962 344,059
Amounts recoverable on contract 331,404 185,687
Other debtors 56,820 31,908
711,186 561,654

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 80,344 83,751
Taxation and social security 88,053 105,782
Other creditors 13,001 11,955
181,398 201,488

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J A M Cowie.