Company Registration No. SC212241 (Scotland)
EURO HYDRAULICS SCOTLAND LIMITED
Unaudited accounts
for the year ended 31 December 2024
EURO HYDRAULICS SCOTLAND LIMITED
Unaudited accounts
Contents
EURO HYDRAULICS SCOTLAND LIMITED
Company Information
for the year ended 31 December 2024
Directors
BERNADETTE MARY DAVIES
TIMOTHY ANDREW DAVIES
Secretary
BERNADETTE MARY DAVIES
Company Number
SC212241 (Scotland)
Registered Office
UNIT4 HAGMILL ROAD
SHAWHEAD INDUSTRIAL ESTATE
COATBRIDGE
LANARKSHIRE
ML5 4XD
Accountants
brand jamieson co
2 Victoria Place
Rutherglen
Glasgow
G73 2JP
EURO HYDRAULICS SCOTLAND LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
118,497
132,193
Inventories
155,600
133,100
Cash at bank and in hand
684,309
357,814
Creditors: amounts falling due within one year
(606,795)
(363,183)
Net current assets
407,975
336,538
Total assets less current liabilities
526,472
468,731
Creditors: amounts falling due after more than one year
(25,612)
(24,761)
Net assets
500,860
443,970
Called up share capital
100
100
Profit and loss account
500,760
443,870
Shareholders' funds
500,860
443,970
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by
BERNADETTE MARY DAVIES
Director
Company Registration No. SC212241
EURO HYDRAULICS SCOTLAND LIMITED
Notes to the Accounts
for the year ended 31 December 2024
EURO HYDRAULICS SCOTLAND LIMITED is a private company, limited by shares, registered in Scotland, registration number SC212241. The registered office is UNIT4 HAGMILL ROAD, SHAWHEAD INDUSTRIAL ESTATE, COATBRIDGE, LANARKSHIRE, ML5 4XD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance.
Motor vehicles
25% reducing balance.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
127,577
168,365
295,942
Additions
534
30,274
30,808
Disposals
-
(36,795)
(36,795)
At 31 December 2024
128,111
161,844
289,955
At 1 January 2024
102,513
61,236
163,749
Charge for the year
5,012
31,256
36,268
On disposals
-
(28,559)
(28,559)
At 31 December 2024
107,525
63,933
171,458
At 31 December 2024
20,586
97,911
118,497
At 31 December 2023
25,064
107,129
132,193
EURO HYDRAULICS SCOTLAND LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
174,861
208,807
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
70,005
61,518
Amounts owed to group undertakings and other participating interests
371,123
171,123
Taxes and social security
92,231
83,663
Loans from directors
26,110
19,548
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
25,612
24,761
8
Transactions with related parties
Dividends of £200,000 ( 2023 £ 0 ) were paid to the holding company , Euro Hydraulics Scotland Holdings Limited.
The ultimate controlling party is both directors.
The Company is a 100% subsidiary of Euro Hydraulics Scotland Holdings Limited , the shares of which are owned equally by the directors.
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Average number of employees
During the year the average number of employees was 6 (2023: 7).