2024-01-012024-12-312024-12-31false10512945HYDROSTATIC TESTING PIPELINE SERVICES 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HYDROSTATIC TESTING PIPELINE SERVICES LTD

Registered Number
10512945
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

HYDROSTATIC TESTING PIPELINE SERVICES LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Thomas Christopher
Daniel Edward Davies

Registered Address

73 Bye Pass Road
Tarvin
Chester
CH3 8EF

Place of Business

Unit 65

Clywedog Rd N

Wrexham

LL13 9XN


Registered Number

10512945 (England and Wales)
HYDROSTATIC TESTING PIPELINE SERVICES LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3137,948178,030
137,948178,030
Current assets
Debtors170,93488,799
Cash at bank and on hand12,16713,293
183,101102,092
Creditors amounts falling due within one year4(85,632)(51,393)
Net current assets (liabilities)97,46950,699
Total assets less current liabilities235,417228,729
Creditors amounts falling due after one year5(33,355)(56,043)
Net assets202,062172,686
Capital and reserves
Called up share capital100100
Profit and loss account201,962172,586
Shareholders' funds202,062172,686
The financial statements were approved and authorised for issue by the Board of Directors on 19 August 2025, and are signed on its behalf by:
Thomas Christopher
Director
Registered Company No. 10512945
HYDROSTATIC TESTING PIPELINE SERVICES LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2476,556140,50768,9389,359295,360
Additions---743743
At 31 December 2476,556140,50768,93810,102296,103
Depreciation and impairment
At 01 January 2435,19837,12842,9782,026117,330
Charge for year8,27225,8455,1921,51640,825
At 31 December 2443,47062,97348,1703,542158,155
Net book value
At 31 December 2433,08677,53420,7686,560137,948
At 31 December 2341,358103,37925,9607,333178,030
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,87915,227
Bank borrowings and overdrafts10,00010,000
Taxation and social security40,22112,639
Finance lease and HP contracts12,33212,332
Other creditors1,2011,195
Accrued liabilities and deferred income19,999-
Total85,63251,393
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,02514,370
Other creditors28,33041,673
Total33,35556,043
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts27,56339,895