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REGISTERED NUMBER: 05981346 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VICTORIA HYDRAULIC SERVICES LTD

VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VICTORIA HYDRAULIC SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: E J Osborne





REGISTERED OFFICE: 33 Ise View Road
Desborough
Kettering
Northamptonshire
NN14 2PX





REGISTERED NUMBER: 05981346 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 6,000
Tangible assets 5 2,186 2,524
6,186 8,524

CURRENT ASSETS
Stocks 1,300 5,100
Debtors 6 17,047 32,505
Cash at bank and in hand 12,113 55,409
30,460 93,014
CREDITORS
Amounts falling due within one year 7 2,729 33,178
NET CURRENT ASSETS 27,731 59,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,917

68,360

PROVISIONS FOR LIABILITIES 8 479 479
NET ASSETS 33,438 67,881

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 33,338 67,781
SHAREHOLDERS' FUNDS 33,438 67,881

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

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

VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





E J Osborne - Director


VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Victoria Hydraulic Services Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Income Statement.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024 14,000
Amortisation for year 2,000
At 31 December 2024 16,000
NET BOOK VALUE
At 31 December 2024 4,000
At 31 December 2023 6,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 6,246 175 18,288 1,157 25,866
Additions 374 - - - 374
At 31 December 2024 6,620 175 18,288 1,157 26,240
DEPRECIATION
At 1 January 2024 6,060 175 16,118 989 23,342
Charge for year 128 - 542 42 712
At 31 December 2024 6,188 175 16,660 1,031 24,054
NET BOOK VALUE
At 31 December 2024 432 - 1,628 126 2,186
At 31 December 2023 186 - 2,170 168 2,524

VICTORIA HYDRAULIC SERVICES LTD (REGISTERED NUMBER: 05981346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,904 31,822
Prepayments and accrued income 143 683
17,047 32,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,858 4,891
Tax (2,979 ) 15,979
Social security and other taxes 203 42
VAT 2,038 11,507
Directors' current accounts 829 9
Accrued expenses 780 750
2,729 33,178

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 479 479

Deferred
tax
£   
Balance at 1 January 2024 479
Balance at 31 December 2024 479

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

As at 31 December 2024 there was an amount owing to the director from the company of £829 (2023 £9), This amount is included in creditors on the balance sheet.

The controlling party is E J Osborne.

The ultimate controlling party is E J Osborne.