0 ISO Hydraulics Limited NI621136 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is manufacture and sale of hydraulic equipment Digita Accounts Production Advanced 6.30.9574.0 true NI621136 2023-10-01 2024-09-30 NI621136 2024-09-30 NI621136 bus:OrdinaryShareClass1 2024-09-30 NI621136 core:CurrentFinancialInstruments 2024-09-30 NI621136 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI621136 core:Non-currentFinancialInstruments 2024-09-30 NI621136 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 NI621136 core:FurnitureFittingsToolsEquipment 2024-09-30 NI621136 core:OtherPropertyPlantEquipment 2024-09-30 NI621136 bus:SmallEntities 2023-10-01 2024-09-30 NI621136 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI621136 bus:FilletedAccounts 2023-10-01 2024-09-30 NI621136 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI621136 bus:RegisteredOffice 2023-10-01 2024-09-30 NI621136 bus:Director1 2023-10-01 2024-09-30 NI621136 bus:Director2 2023-10-01 2024-09-30 NI621136 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 NI621136 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI621136 core:ComputerEquipment 2023-10-01 2024-09-30 NI621136 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI621136 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI621136 countries:NorthernIreland 2023-10-01 2024-09-30 NI621136 2023-09-30 NI621136 core:FurnitureFittingsToolsEquipment 2023-09-30 NI621136 core:OtherPropertyPlantEquipment 2023-09-30 NI621136 2022-10-01 2023-09-30 NI621136 2023-09-30 NI621136 bus:OrdinaryShareClass1 2023-09-30 NI621136 core:CurrentFinancialInstruments 2023-09-30 NI621136 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI621136 core:Non-currentFinancialInstruments 2023-09-30 NI621136 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 NI621136 core:FurnitureFittingsToolsEquipment 2023-09-30 NI621136 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI621136

ISO Hydraulics Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

ISO Hydraulics Limited

(Registration number: NI621136)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

7,314

Current assets

 

Stocks

5

-

6,542

Debtors

6

-

6,271

Cash at bank and in hand

 

9,785

1,785

 

9,785

14,598

Creditors: Amounts falling due within one year

7

(62,996)

(65,022)

Net current liabilities

 

(53,211)

(50,424)

Total assets less current liabilities

 

(53,211)

(43,110)

Creditors: Amounts falling due after more than one year

7

-

(5,986)

Net liabilities

 

(53,211)

(49,096)

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

(53,311)

(49,196)

Shareholders' deficit

 

(53,211)

(49,096)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

ISO Hydraulics Limited

(Registration number: NI621136)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
Mr Joseph Cassidy
Director

.........................................
Mr James Murray
Director

 
     
 

ISO Hydraulics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 37 Ballymacpeake Road, Portglenone, Ballymena, County Antrim, BT44 8LW.

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Turnover is recognised at the point of delivery and customer acceptance of the goods, at which point the risk and benefits of ownership have passed to the customer.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% reducing balance basis

Fixtures and fittings

20% reducing balance basis

 

ISO Hydraulics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 4).

 

ISO Hydraulics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

5,566

10,035

15,601

At 30 September 2024

5,566

10,035

15,601

Depreciation

At 1 October 2023

4,674

3,613

8,287

Charge for the year

-

7,314

7,314

At 30 September 2024

4,674

10,927

15,601

Carrying amount

At 30 September 2024

892

(892)

-

At 30 September 2023

892

6,422

7,314

5

Stocks

2024
£

2023
£

Stocks

-

6,542

6

Debtors

2024
£

2023
£

Trade debtors

-

6,271

 

-

6,271

 

ISO Hydraulics Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors: due within one year

Creditors: amounts falling due within one year

2024
£

2023
£

Loans and borrowings

6,001

3,044

Trade creditors

-

1,446

Taxation and social security

-

538

Accruals and deferred income

1,800

4,799

Other creditors

55,195

55,195

62,996

65,022

8

Creditors: falling due after more than one year

2024
£

2023
£

Bank borrowings

-

5,986

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100