AB Fluid Power Ltd

AB Fluid Power Ltd
Statement of Financial Position
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	4,881	6,508
		4,881	6,508
Current assets
Stocks	4	215,150	219,746
Debtors	5	54,962	59,179
Cash at bank and in hand		62	28
		270,174	278,953
Creditors: amount falling due within one year	6	(194,869)	(196,113)
Net current assets		75,305	82,840

Total assets less current liabilities		80,186	89,348
Creditors: amount falling due after more than one year	7	(34,616)	(33,955)
Provisions for liabilities	8	(429)	(503)
Net assets		45,141	54,890

Capital and reserves
Called up share capital		100	100
Profit and loss account		45,041	54,790
Shareholders' funds		45,141	54,890

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 13 October 2025 and were signed on its behalf by:

-------------------------------
Robert Seymour
Director

AB Fluid Power Ltd
Notes to the Financial Statements
For the year ended 30 June 2025

General Information

AB Fluid Power Ltd is a private company, limited by shares, registered in England and Wales, registration number 02602712, registration address Unit 24 25 Dixon Business Centre Dixon Road , Dixon Road , Brislington, Bristol, BS4 5QW.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Short leasehold	10 years Straight Line
Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 6 (2024 : 6).

Tangible fixed assets

Cost or valuation	Short leasehold	Plant and Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
At 01 July 2024	43,697	68,720	33,285	30,894	176,596
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 30 June 2025	43,697	68,720	33,285	30,894	176,596
Depreciation
At 01 July 2024	43,697	66,837	30,877	28,677	170,088
Charge for year	-	470	602	555	1,627
On disposals	-	-	-	-	-
At 30 June 2025	43,697	67,307	31,479	29,232	171,715
Net book values
Closing balance as at 30 June 2025	-	1,413	1,806	1,662	4,881
Opening balance as at 01 July 2024	-	1,883	2,408	2,217	6,508

Stocks

	2025 £		2024 £
Stocks	215,150		219,746
	215,150		219,746

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	47,716	53,705
Prepayments & Accrued Income	7,246	5,352
PAYE & Social Security	-	122
	54,962	59,179

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	62,739	87,617
Bank Loans & Overdrafts	103,205	74,679
Corporation Tax	16,156	21,410
PAYE & Social Security	1,917	-
Accruals	1,420	3,336
Other Creditors	284	474
Pension control	329	329
Wages & Salaries Control Account	1,014	-
VAT	7,805	8,268
	194,869	196,113

Overdraft facility

Included in 'Bank loans and overdrafts' is the company's bank overdraft facility. This is secured by a fixed and floating charge debenture over the assets of the company and supported by a personal guarantee provided by the directors. The facility is repayable on demand and subject to an interest rate as determined by the bank.

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	-	10,077
Directors' Loan Accounts	34,616	23,878
	34,616	33,955

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	429		503
	429		503

9.	Director’s loan

Related party transactions

At the year end, the company owed Mr and Mrs Seymour £17,656 (2024 - £1,326) in the form of a director's current account. There are no fixed repayment terms associated with the monies advanced and no interest is charged on the outstanding amount.

At the year end, the company owed Mr K Packer £6,222 (2024 - Mr K Packer owed the company £4,093) in the form of a director's current account. There are no fixed repayment terms associated with the monies advanced and no interest is charged on the outstanding amount.

No other transactions with related parties were undertaken such as are required to be disclosed under FRS102s1A.

Registered Number: 02602712
England and Wales
Unaudited Financial Statements

for the year ended 30 June 2025
for
AB FLUID POWER LTD