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REGISTERED NUMBER: 01360066 (England and Wales)











Financial Statements

for the Year Ended 31 March 2025

for

Ipswich Hydraulics Limited

Ipswich Hydraulics Limited (Registered number: 01360066)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ipswich Hydraulics Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S L Deakin
Mrs T A Deakin





SECRETARY: Mrs B A Bird





REGISTERED OFFICE: Unit 2
Boss Hall Industrial Estate
Sproughton Road
Ipswich
Suffolk
IP1 5BN





REGISTERED NUMBER: 01360066 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Ipswich Hydraulics Limited (Registered number: 01360066)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 467,828 392,556

CURRENT ASSETS
Stocks 511,921 338,709
Debtors 5 597,964 427,973
Cash at bank and in hand 96,581 41,735
1,206,466 808,417
CREDITORS
Amounts falling due within one year 6 902,857 666,104
NET CURRENT ASSETS 303,609 142,313
TOTAL ASSETS LESS CURRENT LIABILITIES 771,437 534,869

CREDITORS
Amounts falling due after more than one
year

7

(227,992

)

(139,214

)

PROVISIONS FOR LIABILITIES 10 (108,664 ) (89,334 )
NET ASSETS 434,781 306,321

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 434,681 306,221
SHAREHOLDERS' FUNDS 434,781 306,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Ipswich Hydraulics Limited (Registered number: 01360066)

Statement of Financial Position - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





S L Deakin - Director


Ipswich Hydraulics Limited (Registered number: 01360066)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Ipswich 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods and services net of VAT and trade discounts. Turnover is recognised either on delivery or, when appropriate, where there is a right to consideration based on contract performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, hire purchase, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Ipswich Hydraulics Limited (Registered number: 01360066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

Ipswich Hydraulics Limited (Registered number: 01360066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 28,605 956,103 65,499 49,451 1,099,658
Additions - 147,447 - 429 147,876
At 31 March 2025 28,605 1,103,550 65,499 49,880 1,247,534
DEPRECIATION
At 1 April 2024 28,605 598,673 33,538 46,286 707,102
Charge for year - 62,551 7,991 2,062 72,604
At 31 March 2025 28,605 661,224 41,529 48,348 779,706
NET BOOK VALUE
At 31 March 2025 - 442,326 23,970 1,532 467,828
At 31 March 2024 - 357,430 31,961 3,165 392,556

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 437,787 28,634 466,421
Additions 147,000 - 147,000
Transfer to ownership (282,787 ) - (282,787 )
At 31 March 2025 302,000 28,634 330,634
DEPRECIATION
At 1 April 2024 167,883 - 167,883
Charge for year 58,881 7,159 66,040
Transfer to ownership (188,797 ) - (188,797 )
At 31 March 2025 37,967 7,159 45,126
NET BOOK VALUE
At 31 March 2025 264,033 21,475 285,508
At 31 March 2024 269,904 28,634 298,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 443,592 311,311
Other debtors 154,372 116,662
597,964 427,973

Ipswich Hydraulics Limited (Registered number: 01360066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 87,622 103,385
Trade creditors 608,583 344,746
Taxation and social security 76,579 60,982
Other creditors 130,073 156,991
902,857 666,104

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 227,992 139,214

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 87,622 103,385
Between one and five years 227,992 139,214
315,614 242,599

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 69,000 45,917
Between one and five years 37,875 40,000
106,875 85,917

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 315,614 242,599

Hire purchase and lease liabilities are secured against the assets to which they relate.

Ipswich Hydraulics Limited (Registered number: 01360066)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 108,880 89,526
Other timing differences (216 ) (192 )
108,664 89,334

Deferred
tax
£   
Balance at 1 April 2024 89,334
Charge to Statement of Income and Retained Earnings during year 19,330
Balance at 31 March 2025 108,664

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
S L Deakin
Balance outstanding at start of year 448 (570 )
Amounts advanced - 1,018
Amounts repaid (726 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (278 ) 448