Registration number:
ISO Hydraulics Limited
for the Period from 1 October 2024 to 31 March 2025
ISO Hydraulics Limited
(Registration number: NI621136)
Balance Sheet as at 31 March 2025
|
Note |
2025 |
2024 |
|
|
Current assets |
|||
|
Debtors |
|
- |
|
|
Cash at bank and in hand |
- |
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
- |
( |
|
|
Net assets/(liabilities) |
|
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
53,411 |
100 |
|
|
Retained earnings |
(53,311) |
(53,311) |
|
|
Shareholders' funds/(deficit) |
100 |
(53,211) |
For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
......................................... |
......................................... |
ISO Hydraulics Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025
|
General information |
The company is a private company limited by share capital, incorporated in Northern Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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 Period from 1 October 2024 to 31 March 2025
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
ISO Hydraulics Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025
|
Tangible assets |
|
Furniture, fittings and equipment |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||
|
At 1 October 2024 |
|
|
|
|
Disposals |
( |
( |
( |
|
At 31 March 2025 |
- |
- |
- |
|
Depreciation |
|||
|
At 1 October 2024 |
|
|
|
|
Eliminated on disposal |
( |
( |
( |
|
At 31 March 2025 |
- |
- |
- |
|
Carrying amount |
|||
|
At 31 March 2025 |
- |
- |
- |
|
Debtors |
|
2025 |
2024 |
|
|
Other debtors |
|
- |
|
|
- |
|
Creditors: due within one year |
|
2025 |
2024 |
|
|
Loans and borrowings |
- |
|
|
Accruals and deferred income |
- |
|
|
Other creditors |
- |
|
|
- |
|
ISO Hydraulics Limited
Notes to the Unaudited Financial Statements for the Period from 1 October 2024 to 31 March 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
53,411 |
|
100 |