REGISTERED NUMBER: 03272188 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

C & C Hydraulics Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

629,993

667,208

CURRENT ASSETS

Stocks

918,623

745,198

Debtors

5

376,648

507,757

Cash at bank and in hand

156,275

486,262

1,451,546

1,739,217

CREDITORS

Amounts falling due within one year

6

552,868

957,243

NET CURRENT ASSETS

898,678

781,974

TOTAL ASSETS LESS CURRENT LIABILITIES

1,528,671

1,449,182

CREDITORS

Amounts falling due after more than one year

7

(26,101

)

(41,770

)

PROVISIONS FOR LIABILITIES

(86,660

)

(86,285

)

NET ASSETS

1,415,910

1,321,127

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

9

187,322

191,612

Capital redemption reserve

67

67

Retained earnings

1,228,421

1,129,348

SHAREHOLDERS' FUNDS

1,415,910

1,321,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

I P Couch - Director

1.	STATUTORY INFORMATION

C & C Hydraulics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03272188

Registered office:

Unit 3 Aireside Business Park

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on revalued amount

Plant and machinery etc

-

30% on reducing balance, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

522,000

399,385

921,385

Additions

-

30,665

30,665

Disposals

-

(77,035

)

(77,035

)

At 31 December 2024

522,000

353,015

875,015

DEPRECIATION

At 1 January 2024

40,890

213,287

254,177

Charge for year

10,440

49,483

59,923

Eliminated on disposal

-

(69,078

)

(69,078

)

At 31 December 2024

51,330

193,692

245,022

NET BOOK VALUE

At 31 December 2024

470,670

159,323

629,993

At 31 December 2023

481,110

186,098

667,208

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2013

39,473

-

39,473

Valuation in 2014

50,002

-

50,002

Valuation in 2017

3,062

-

3,062

Valuation in 2020

121,984

-

121,984

Cost

307,479

353,015

660,494

522,000

353,015

875,015

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

307,479

307,479

Aggregate depreciation

74,737

74,737

Freehold land and buildings were valued on an open market basis on 20 November 2020 by Hayfield Robinson - Property Consultants .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

376,648

507,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

102,801

23,362

Hire purchase contracts

24,158

18,998

Trade creditors

282,739

785,714

Taxation and social security

133,752

116,643

Other creditors

9,418

12,526

552,868

957,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

6,667

16,667

Hire purchase contracts

19,434

25,103

26,101

41,770

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdraft

92,801

-

Hire purchase contracts

43,592

44,101

136,393

44,101

9.

RESERVES

Revaluation reserve

The revaluation reserve arises on revaluation of the freehold property. Deferred tax is provided on the reserve at the applicable corporation tax rate.

Capital redemption reserve

The capital redemption reserve arose on the repurchase of the share capital of the company from the shareholders and records the nominal value of the shares repurchased.

10.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.