Company No: 02154815 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	D A G Callaghan
	D M MacBain

Registered office	11 Stirling Park
	Laker Road
	Rochester
	Kent
	ME1 3QR
	United Kingdom

Company number

02154815 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor, Maritime Place
	Quayside
	Chatham Maritime
	Chatham
	Kent
	ME4 4QZ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arcflex Hose & Bellows Limited for the financial year ended 30 December 2024 which comprise the Balance Sheet and the related notes 1 to 10 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Arcflex Hose & Bellows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Arcflex Hose & Bellows Limited. You consider that Arcflex Hose & Bellows Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Arcflex Hose & Bellows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Arcflex Hose & Bellows Limited, as a body, in accordance with the terms of our engagement letter dated 20 June 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Arcflex Hose & Bellows Limited and state those matters that we have agreed to state to the Board of Directors of Arcflex Hose & Bellows Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arcflex Hose & Bellows Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

25 September 2025

	Note	30.12.2024		30.12.2023
		£		£
Fixed assets
Intangible assets	3	9,667		0
Tangible assets	4	85,025		0
		94,692		0
Current assets
Debtors	5	130,804		375
Cash at bank and in hand		55,052		0
		185,856		375
Creditors: amounts falling due within one year	6	( 387,596)		0
Net current (liabilities)/assets		(201,740)		375
Total assets less current liabilities		(107,048)		375
Provision for liabilities	7, 8	( 21,256)		0
Net (liabilities)/assets		( 128,304)		375
Capital and reserves
Called-up share capital	9	30,000		30,000
Profit and loss account		( 158,304 )		( 29,625 )
Total shareholder's (deficit)/funds		( 128,304)		375

For the financial year ending 30 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Arcflex Hose & Bellows Limited (registered number: 02154815) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

D M MacBain Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Arcflex Hose & Bellows Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Stirling Park, Laker Road, Rochester, Kent, ME1 3QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company is supported with loans from its parent company, Hydraflex Metal Hose & Bellows Limited, and this support has continued after the year end. The trade has been transferred to the parent company with effect from 1 July 2025. It is considered that no adjustments to the financial statements are required as a result of the company ceasing to trade within 12 months of the year end.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	30.12.2024		30.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		2

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 31 December 2023	0		0
Additions	10,000		10,000
At 30 December 2024	10,000		10,000
Accumulated amortisation
At 31 December 2023	0		0
Charge for the financial year	333		333
At 30 December 2024	333		333
Net book value
At 30 December 2024	9,667		9,667
At 30 December 2023	0		0

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 31 December 2023	0		0
Additions	89,500		89,500
At 30 December 2024	89,500		89,500
Accumulated depreciation
At 31 December 2023	0		0
Charge for the financial year	4,475		4,475
At 30 December 2024	4,475		4,475
Net book value
At 30 December 2024	85,025		85,025
At 30 December 2023	0		0

5. Debtors

	30.12.2024		30.12.2023
	£		£
Trade debtors	109,570		0
Amounts owed by Group undertakings	0		375
Prepayments	21,234		0
	130,804		375

6. Creditors: amounts falling due within one year

	30.12.2024		30.12.2023
	£		£
Trade creditors	47,171		0
Amounts owed to Group undertakings	307,873		0
Other loans	5,425		0
Accruals	5,787		0
Other taxation and social security	21,340		0
	387,596		0

7. Provision for liabilities

	30.12.2024		30.12.2023
	£		£
Deferred tax	21,256		0

8. Deferred tax

	30.12.2024		30.12.2023
	£		£
At the beginning of financial year	0		0
Charged to the Statement of Income and Retained Earnings	( 21,256)		0
At the end of financial year	( 21,256)		0

9. Called-up share capital

	30.12.2024		30.12.2023
	£		£
Allotted, called-up and fully-paid
30,000 Ordinary shares of £ 1.00 each	30,000		30,000

10. Related party transactions

At the year end, the company had an outstanding trading balance of £5,425 payable to Hydraflex Plumbing & Cooling Hoses Limited, an entity under common control.