REGISTERED NUMBER: 04714554 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

CHRISTY HYDRAULICS (WARWICK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Concannon

B P Concannon

REGISTERED OFFICE:

7 Brook Business Park

Brookhampton Lane

Kineton

Warwick

Warwickshire

CV35 0JA

REGISTERED NUMBER:

04714554 (England and Wales)

ACCOUNTANTS:

TGFP

Chartered Accountants

Fulford House

Newbold Terrace

Leamington Spa

Warwickshire

CV32 4EA

FIXED ASSETS

Tangible assets

4

74,997

89,445

CURRENT ASSETS

Stocks

293,096

293,096

Debtors

5

1,069,665

770,184

Cash at bank

29,351

37,759

1,392,112

1,101,039

CREDITORS

Amounts falling due within one year

6

750,515

853,099

NET CURRENT ASSETS

641,597

247,940

TOTAL ASSETS LESS CURRENT LIABILITIES

716,594

337,385

CREDITORS

Amounts falling due after more than one year

7

(542,305

)

(235,409

)

PROVISIONS FOR LIABILITIES

-

(20,512

)

NET ASSETS

174,289

81,464

CAPITAL AND RESERVES

Called up and paid share capital

3

3

Retained earnings

174,286

81,461

SHAREHOLDERS' FUNDS

174,289

81,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

G Concannon - Director

1.	STATUTORY INFORMATION

Christy Hydraulics (Warwick) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

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

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 31 March 2024

192,048

131,894

67,125

391,067

Additions

3,936

-

7,383

11,319

Disposals

(42,342

)

-

-

(42,342

)

At 30 March 2025

153,642

131,894

74,508

360,044

DEPRECIATION

At 31 March 2024

168,680

67,616

65,326

301,622

Charge for year

4,172

16,624

1,429

22,225

Eliminated on disposal

(38,800

)

-

-

(38,800

)

At 30 March 2025

134,052

84,240

66,755

285,047

NET BOOK VALUE

At 30 March 2025

19,590

47,654

7,753

74,997

At 30 March 2024

23,368

64,278

1,799

89,445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

272,422

305,581

Amounts recoverable on contract

11,200

11,200

Other debtors

3,504

453,403

Directors' current accounts

782,539

-

1,069,665

770,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

76,456

160,064

Other loans

148,667

11,793

Hire purchase contracts

22,941

24,639

Trade creditors

236,802

188,091

Factoring account

138,353

255,268

Tax

23,857

24,396

Social security and other taxes

6,187

58,493

Pensions payable

148

54

Flexipay

6,897

11,598

VAT

67,836

84,738

Other creditors

20,046

31,765

Accruals and deferred income

2,325

2,200

750,515

853,099

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

86,360

157,262

Other loans - 1-2 years

111,167

-

Other loans

289,875

-

Hire purchase contracts

54,903

78,147

542,305

235,409

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

162,816

317,326

Hire purchase contracts

77,844

102,786

240,660

420,112

HSBC Bank plc have a fixed and floating charge with a negative pledge over all the property or undertaking of the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £782,539 (2024 - £nil) and repayments during the year were £nil (2024 - £nil). At the year end the amount owing to the company was £782,539 (2024 - £nil).