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REGISTERED NUMBER: 01419046 (England and Wales)




















HEAVYPARTS HYDRAULICS LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2024






HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEAVYPARTS HYDRAULICS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: K B Gaze
J D Clegg



REGISTERED OFFICE: Unit 1 Hamer Vale
Buckley Road
Rochdale
Lancashire
OL12 9BF



REGISTERED NUMBER: 01419046 (England and Wales)



ACCOUNTANTS: SCCA Limited T/a Stafford & Co
Chartered Accountants
3 The Studios
320 Chorley Old Road
Bolton
Lancashire
BL1 4JU



BANKERS: The Royal Bank of Scotland plc
27 Market Place
Huddersfield
Yorkshire
HD1 2AD

HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Balance Sheet
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 475,830 472,790

CURRENT ASSETS
Stocks 418,484 445,959
Debtors 5 165,850 174,392
Cash at bank and in hand 536,327 505,526
1,120,661 1,125,877
CREDITORS
Amounts falling due within one year 6 241,718 345,464
NET CURRENT ASSETS 878,943 780,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,354,773

1,253,203

CREDITORS
Amounts falling due after more than one
year

7

(311,850

)

(380,834

)

PROVISIONS FOR LIABILITIES (61,224 ) (57,724 )
NET ASSETS 981,699 814,645

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 9 201,060 201,060
Retained earnings 9 780,629 613,575
SHAREHOLDERS' FUNDS 981,699 814,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Balance Sheet - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





K B Gaze - Director


HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Heavyparts Hydraulics 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.

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.
Long leasehold - 2% on cost
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

Land and buildings will be revalued on a five year basis and depreciated in accordance with the depreciation policy for land and buildings.

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 Income Statement, 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.

HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign exchange
Transactions denominated in a foreign currency are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


Group accounts
The company is a 100% owned subsidiary of Heavyparts Holdings Limited. The group have taken advantage of the available exemptions from preparing group accounts on the basis that the group as a whole is small.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 560,000 246,618 806,618
Additions - 28,515 28,515
At 30 September 2024 560,000 275,133 835,133
DEPRECIATION
At 1 October 2023 130,052 203,776 333,828
Charge for year 11,200 14,275 25,475
At 30 September 2024 141,252 218,051 359,303
NET BOOK VALUE
At 30 September 2024 418,748 57,082 475,830
At 30 September 2023 429,948 42,842 472,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 101,588 161,221
Amounts owed by group undertakings 50,094 -
Other debtors 14,168 13,171
165,850 174,392

HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,175 18,311
Trade creditors 67,478 61,706
Amounts owed to group undertakings - 93,906
Taxation and social security 109,161 122,944
Other creditors 46,904 48,597
241,718 345,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 311,850 380,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 228,540 307,590

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 330,025 399,145

The Royal Bank of Scotland PLC have one fixed and floating charge and one fixed charge, details of which can be found at Companies House.

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 613,575 201,060 814,635
Profit for the year 179,054 - 179,054
Dividends (12,000 ) - (12,000 )
At 30 September 2024 780,629 201,060 981,689

10. RELATED PARTY DISCLOSURES

Included within debtors falling due within one year is an amount due from group companies of £54,094 (2023: £Nil) which is an interest free loan from the parent company.

Included within creditors falling due within one year is an amount due from group companies of £Nil (2023: £93,906) which is an interest free loan to the parent company.

A Dividend of £12,000 was made from Heavyparts Hydraulics Ltd to Heavyparts Holdings Limited which in turn was made to Heavyparts Holdings UK Ltd.

HEAVYPARTS HYDRAULICS LIMITED (REGISTERED NUMBER: 01419046)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate control parties are K Gaze and J Clegg by virtue of their shareholding in Heavyparts Holdings UK Ltd.