1.
General Information
Swindon Hydraulics Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12052244
. The registered office is Unit 10 The Empire Centre, Imperial Way, Watford, Hertfordshire, WD24 4YH.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2.
Statement of Compliance
The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3.
Accounting Policies
3.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
3.2.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicy traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
3.3.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3.4.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liabilitiy for at least twelve months after the reporting date.
3.5.
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.
3.6.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
4.
Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
5.
Investments
| Subsidiaries | |
|---|---|
| £ | |
| Cost | |
| As at 1 April 2024 |
|
| Additions |
|
| As at 31 March 2025 |
|
...CONTINUED
Swindon Hydraulics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
| Provision | |
| As at 1 April 2024 |
|
| As at 31 March 2025 |
|
| Net Book Value | |
| As at 31 March 2025 |
|
| As at 1 April 2024 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking
|
Registered office
|
Holding
|
Proportion of voting
|
rights and shares held
|
|
Subsidiary undertakings
|
2025
|
2024
|
||
|
Metaldance Ltd
|
Unit 20, Bridgemead Close, Westmead Industrial Estate,
Swindon,
SN5 7YT
England
|
Ordinary £1
|
100%
|
100%
|
|
Berkshire Hydraulic Solutions Ltd
|
49 Loverock Road,
Reading,
Berkshire,
RG30 1DZ
England
|
Ordinary £1
|
100%
|
100%
|
|
AW Fluid Power Ltd
|
Unit 10 The Empire Centre,
Imperial Way,
Watford
Hertfordshire
WD24 4YH
England
|
Ordinary £1
|
100%
|
100%
|
|
AMW Hydraulic Solutions Ltd
|
Unit 10 The Empire Centre,
Imperial Way,
Watford
Hertfordshire
WD24 4YH
England
|
Ordinary £1
|
100%
|
100%
|
Subsidiary undertakings
Metaldance Ltd
The principal activity of Metaldance Ltd is repair and retail of hydraulic hoses.
Berkshire Hydraulic Solutions Ltd
The principal activity of Berkshire Hydraulic Solutions Ltd is repair and retail of hydraulic hoses.
AW Fluid Power Ltd
The principal activity of AW Fluid Power Ltd is repair and retail of hydraulic hoses.
AMW Hydraulic Solutions Ltd
The principal activity of AMW Hydraulic Solutions Ltd is repair and retail of hydraulic hoses.
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Amounts owed by participating interests | 15,656 | 17,656 | |
Swindon Hydraulics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | - |
|
|
| Amounts owed to participating interests |
|
|
|
| Other creditors | 36,757 | 36,515 | |
|
|
|
||
9.
Related Party Disclosures
Summary of transactions with other related parties
Macbeth 12 Ltd, AW Hydraulic Services Ltd and Metaldance Limited.
The companies listed above were under the common control of Mr A and Miss C Williams.
At the year-end there were outstanding loans from Macbeth 12 Ltd, AW Hydraulic Services Ltd and Metaldance Limited..
All sales and purchases made with the other related parties were concluded under normal market conditions.
Loans from related parties
|
Other related parties
|
Total
|
||
|
2025
|
£
|
£
|
|
|
At start of period
|
392,217
|
392,217
|
|
|
Advanced
|
2,000
|
2,000
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
||
|
At end of period
|
394,217
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
394,217
|
|
Other related parties
|
Total
|
||
|
2024
|
£
|
£
|
|
|
At start of period
|
392,217
|
392,217
|
|
|
|
|
||
|
At end of period
|
392,217
|
392,217
|
Terms of loans from related parties
There are no terms of repayment or interest charged on loans from other related parties. These loans on both repayable on demand.
Loans to related parties
|
Other related parties
|
Total
|
||
|
2025
|
£
|
£
|
|
|
At start of period
|
17,656
|
17,656
|
...CONTINUED
Swindon Hydraulics Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
|
Repaid
|
2,000
|
2,000
|
|
|
|
|
||
|
At end of period
|
15,656
|
15,656
|
|
2024
|
Other related parties
|
Total
|
|
|
£
|
£
|
||
|
At start of period
|
17,656
|
17,656
|
|
|
|
|
||
|
At end of period
|
17,656
|
17,656
|
Terms of loans to related parties
There are no terms of repayment or interest charged on loans to other related parties. These loans on both repayable on demand.