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REGISTERED NUMBER: 00560846 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

VALLEY HYDRAULICS LIMITED

VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY HYDRAULICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A Blenkinship
B Graves





SECRETARY: Mrs A S Blenkinship





REGISTERED OFFICE: Unit B, Venture Buildings
Pendle Trading Estate
Clitheroe Road
Chatburn
Lancashire
BB7 4JY





REGISTERED NUMBER: 00560846 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311,707 293,808

CURRENT ASSETS
Stocks 260,205 313,205
Debtors 5 535,871 590,500
Cash at bank and in hand 15,422 5,028
811,498 908,733
CREDITORS
Amounts falling due within one year 6 842,988 940,057
NET CURRENT LIABILITIES (31,490 ) (31,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,217

262,484

CREDITORS
Amounts falling due after more than one
year

7

20,217

14,809
NET ASSETS 260,000 247,675

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 99,450 99,450
Retained earnings 159,450 147,125
SHAREHOLDERS' FUNDS 260,000 247,675

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

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

VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 4th July 2025 and were signed on its behalf by:




A Blenkinship - Director



B Graves - Director


VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

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


1. STATUTORY INFORMATION

Valley 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 862,424 8,180 143,068 1,013,672
Additions 53,099 - 200 53,299
Disposals (8,000 ) - - (8,000 )
At 31st December 2024 907,523 8,180 143,268 1,058,971
DEPRECIATION
At 1st January 2024 588,778 6,241 124,845 719,864
Charge for year 27,359 485 4,556 32,400
Eliminated on disposal (5,000 ) - - (5,000 )
At 31st December 2024 611,137 6,726 129,401 747,264
NET BOOK VALUE
At 31st December 2024 296,386 1,454 13,867 311,707
At 31st December 2023 273,646 1,939 18,223 293,808

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st January 2024 15,410 13,644 29,054
Additions 37,392 - 37,392
Transfer to ownership - (13,644 ) (13,644 )
At 31st December 2024 52,802 - 52,802
DEPRECIATION
At 1st January 2024 1,541 3,411 4,952
Charge for year 5,126 - 5,126
Transfer to ownership - (3,411 ) (3,411 )
At 31st December 2024 6,667 - 6,667
NET BOOK VALUE
At 31st December 2024 46,135 - 46,135
At 31st December 2023 13,869 10,233 24,102

VALLEY HYDRAULICS LIMITED (REGISTERED NUMBER: 00560846)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 521,932 575,512
Other debtors 13,939 14,988
535,871 590,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,928 11,495
Trade creditors 308,522 363,638
Taxation and social security 101,194 103,325
Other creditors 415,344 451,599
842,988 940,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,667 14,167
Hire purchase contracts 17,550 642
20,217 14,809

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 25,478 12,137
Invoice discount creditor 406,754 441,981
432,232 454,118

The hire purchase liability is secured on the asset to which it relates.

The invoice discount liability is secured by a fixed and floating charge over all assets of the company.