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REGISTERED NUMBER: 04510681 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

VHS Hydraulic Components Limited

VHS Hydraulic Components Limited (Registered number: 04510681)






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


VHS Hydraulic Components Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: F Ferrari
R G Turner





SECRETARY: R G Turner





REGISTERED OFFICE: 2 Carley Drive
Westfield
Sheffield
South Yorkshire
S20 8NQ





REGISTERED NUMBER: 04510681 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

VHS Hydraulic Components Limited (Registered number: 04510681)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 951,384 909,925
Investments 6 662,357 662,357
1,613,741 1,572,282

CURRENT ASSETS
Inventories 1,303,355 1,223,033
Debtors 7 884,270 789,667
Cash at bank and in hand 176,427 228,375
2,364,052 2,241,075
CREDITORS
Amounts falling due within one year 8 (1,248,081 ) (1,277,073 )
NET CURRENT ASSETS 1,115,971 964,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,729,712

2,536,284

CREDITORS
Amounts falling due after more than one
year

9

(428,618

)

(382,704

)

PROVISIONS FOR LIABILITIES (34,909 ) (9,657 )
NET ASSETS 2,266,185 2,143,923

CAPITAL AND RESERVES
Called up share capital 11 142 142
Capital redemption reserve 88 88
Retained earnings 2,265,955 2,143,693
SHAREHOLDERS' FUNDS 2,266,185 2,143,923

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 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.

VHS Hydraulic Components Limited (Registered number: 04510681)

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 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 11 April 2025 and were signed on its behalf by:





R G Turner - Director


VHS Hydraulic Components Limited (Registered number: 04510681)

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

1. STATUTORY INFORMATION

VHS Hydraulic Components Limited 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Inventories 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VHS Hydraulic Components Limited (Registered number: 04510681)

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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 38,911
AMORTISATION
At 1 January 2024
and 31 December 2024 38,911
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,194,553 217,102 1,411,655
Additions - 121,253 121,253
At 31 December 2024 1,194,553 338,355 1,532,908
DEPRECIATION
At 1 January 2024 335,477 166,253 501,730
Charge for year 47,754 32,040 79,794
At 31 December 2024 383,231 198,293 581,524
NET BOOK VALUE
At 31 December 2024 811,322 140,062 951,384
At 31 December 2023 859,076 50,849 909,925

VHS Hydraulic Components Limited (Registered number: 04510681)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 662,357
NET BOOK VALUE
At 31 December 2024 662,357
At 31 December 2023 662,357

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 702,071 668,979
Other debtors 182,199 120,688
884,270 789,667

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 115,389 161,047
Hire purchase contracts 14,213 -
Trade creditors 435,104 258,444
Amounts owed to group undertakings 390,357 530,518
Taxation and social security 244,201 278,975
Other creditors 48,817 48,089
1,248,081 1,277,073

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 353,633 382,704
Hire purchase contracts 74,985 -
428,618 382,704

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 233,233 258,512
Hire purchase 36,825 -
270,058 258,512

VHS Hydraulic Components Limited (Registered number: 04510681)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 383,733 413,753
Hire purchase contracts 89,198 -
472,931 413,753

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
70 Ordinary A £1.00 70 70
42 Ordinary B £1.00 42 42
30 Ordinary C £1.00 30 30
142 142

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2024 the company was owed £58,691 (2023 - £56,181) in respect of a loan to a director which is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year the company purchased £1,045,137 (2023: £1,097,056) worth of materials on normal
commercial terms from entities with control, joint control or significant influence over the company.Sales also occurred during the year totalling £169,064 (2023:£241,198).
The amount owed to these entities at the year end amounted to £290,357 (2023 £380,518).

As at 31 December 2024, the company owed its subsidiary company in the form
of a loan an amount of £100,000 (2023 - £150,000). This loan was given interest free and has no fixed repayment terms attached to it.

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Parmafluid SrL.

Parmafluid SrL is a company registered in Italy.