REGISTERED NUMBER: 09912103 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

APH Hydraulic Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Bookman

Mrs E J Bookman

A Bookman

REGISTERED OFFICE:

C/o Simon Adams, Solicitors

Buchanan House

452A Bury Old Road

Prestwich

M25 1PQ

REGISTERED NUMBER:

09912103 (England and Wales)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Tangible assets

4

469,857

434,952

CURRENT ASSETS

Stocks

793,781

931,811

Debtors

5

1,061,179

1,202,877

Cash at bank and in hand

2,264,261

1,314,212

4,119,221

3,448,900

CREDITORS

Amounts falling due within one year

6

2,099,398

2,350,324

NET CURRENT ASSETS

2,019,823

1,098,576

TOTAL ASSETS LESS CURRENT LIABILITIES

2,489,680

1,533,528

CREDITORS

Amounts falling due after more than one year

7

(227,492

)

(751,434

)

PROVISIONS FOR LIABILITIES

(109,512

)

(97,244

)

NET ASSETS

2,152,676

684,850

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,152,576

684,750

SHAREHOLDERS' FUNDS

2,152,676

684,850

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 28 April 2025 and were signed on its behalf by:

A Bookman - Director

1.	STATUTORY INFORMATION

APH Hydraulic Engineering Ltd 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.

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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 20% on cost and Straight line over 10 years

Stocks

Stocks 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of any transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

931,626

Additions

185,670

Disposals

(13,000

)

At 31 December 2024

1,104,296

DEPRECIATION

At 1 January 2024

496,674

Charge for year

139,716

Eliminated on disposal

(1,951

)

At 31 December 2024

634,439

NET BOOK VALUE

At 31 December 2024

469,857

At 31 December 2023

434,952

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

381,250

Additions

91,800

At 31 December 2024

473,050

DEPRECIATION

At 1 January 2024

58,666

Charge for year

85,430

At 31 December 2024

144,096

NET BOOK VALUE

At 31 December 2024

328,954

At 31 December 2023

322,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

872,520

1,062,383

Other debtors

188,659

140,494

1,061,179

1,202,877

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

88,299

71,775

Trade creditors

553,292

540,661

Taxation and social security

600,222

492,456

Other creditors

847,585

1,235,432

2,099,398

2,350,324

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

8,333

18,334

Hire purchase contracts

219,159

233,100

Other creditors

-

500,000

227,492

751,434

8.	RELATED PARTY DISCLOSURES

At 31 December 2024 there is a sum due by the company to the Bookman family amounting to £500,000 (2023 £1,143,944)) of which £nil (2023 £500,000) is included in creditors amounts falling due after more than one year. The amount due is secured by a bond and floating charge which covers all the property or undertaking of the company. The amount due is interest free and has no fixed repayment date.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K and Mrs E J Bookman.