Hydraulic Hose & Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05004995 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HYDRAULIC HOSE & ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I P Green

E McDermott

REGISTERED OFFICE:

14 Cavans Way

Binley Industrial Estate

Coventry

CV3 2SF

REGISTERED NUMBER:

05004995 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,079

3,505

Investments

6

240,850

242,929

244,355

CURRENT ASSETS

Stocks

30,235

Debtors

7

195,118

370,925

Cash at bank

287

24

225,640

401,184

CREDITORS

Amounts falling due within one year

8

415,111

578,432

NET CURRENT LIABILITIES

(189,471

)

(177,248

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

53,458

67,107

CREDITORS

Amounts falling due after more than one
year

9

85,760

53,736

NET (LIABILITIES)/ASSETS

(32,302

)

13,371

CAPITAL AND RESERVES

Called up share capital

12

Retained earnings

(32,314

)

13,359

(32,302

)

13,371

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 24 September 2025 and were signed on its behalf by:

E McDermott - Director

I P Green - Director

1.	STATUTORY INFORMATION

Hydraulic Hose & Engineering Limited 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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% per annum of cost

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.

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 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,000

AMORTISATION

At 1 January 2024

and 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

8,814

7,067

15,881

DEPRECIATION

At 1 January 2024

8,258

4,118

12,376

Charge for year

84

1,342

1,426

At 31 December 2024

8,342

5,460

13,802

NET BOOK VALUE

At 31 December 2024

472

1,607

2,079

At 31 December 2023

556

2,949

3,505

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

Other investments

79,917

No description

160,933

240,850

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

173,804

331,662

Other debtors

21,314

39,263

195,118

370,925

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

156,263

312,646

Trade creditors

137,688

180,553

Taxation and social security

50,438

63,546

Other creditors

70,722

21,687

415,111

578,432

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

85,760

53,736

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

E McDermott

Balance outstanding at start of year

7,925

48,404

Amounts advanced

42,761

54,673

Amounts repaid

(29,521

)

(95,152

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

21,165

7,925