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Registered Number: 03890908
England and Wales

 

 

 

HYDRATEC LIFT SERVICES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2025

End date: 31 December 2025

Hydratec Lift Services Limited
Contents Page
For the year ended 31 December 2025
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 353,781    533,941 
353,781    533,941 
Current assets      
Stocks 348,129    303,151 
Debtors 620,026    700,083 
Cash at bank and in hand 786,368    666,520 
1,754,523    1,669,754 
Creditors: amount falling due within one year (871,039)   (729,003)
Net current assets 883,484    940,751 
 
Total assets less current liabilities 1,237,265    1,474,692 
Creditors: amount falling due after more than one year (156,024)   (60,347)
Provisions for liabilities (83,632)   (45,166)
Net assets 997,609    1,369,179 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 997,509    1,369,079 
Shareholders' funds 997,609    1,369,179 
 


For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 May 2026 and were signed on its behalf by:


-------------------------------
R P A Keane
Director		-------------------------------
Mrs T J Keane
Director
1
General Information
Hydratec Lift Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03890908, registration address Unit 1b Business Village, Blackbushe Business Village, Yateley, Hampshire, GU46 6GA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts as adjusted for work in progress. For service contracts income is recognised based on the percentage of completion of the contracts.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
Hire purchase and leasing agreements
Assets held under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Pension costs
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current 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 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Computer Equipment - 25% Reducing Balance
Fixtures and Fittings - 25% Reducing Balance
Land and Buildings - 50 years Straight Line
Motor Vehicles - 25% Reducing Balance
Plant and Machinery - 20% Reducing Balance


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 31 (2024 : 30).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 January 2025 533,938    38,792    501,574    30,526    64,132    1,168,962 
Additions -    4,302    218,692    14,021    5,166    242,181 
Disposals (533,938)   -    (98,436)   (15,989)   -    (648,363)
At 31 December 2025 -    43,094    621,830    28,558    69,298    762,780 
Depreciation
At 01 January 2025 201,139    23,544    329,837    26,907    53,593    635,020 
Charge for year 1,779    3,359    62,162    1,865    2,934    72,099 
On disposals (202,918)   -    (79,882)   (15,320)   -    (298,120)
At 31 December 2025 -    26,903    312,117    13,452    56,527    408,999 
Net book values
Closing balance as at 31 December 2025 -    16,191    309,713    15,106    12,771    353,781 
Opening balance as at 01 January 2025 332,799    15,248    171,736    3,619    10,539    533,941 

The net book value of Motor Vehicles includes £ 239,475 (2024 £103,803) in respect of assets leased under finance leases or hire purchase contracts.

4.

Director’s loan

Director's Advances, Credits And Guarantees

At the balance sheet, there were credit balances on the following directors' loan accounts:

R P A Keane - £287 (2024: £Nil)

The above loan is interest free with no fixed date of repayment.
5.

Stocks

.   2025
£		   2024
£
Work in Progress 137,098  113,012 
Raw Materials 211,031  190,139 
348,129  303,151 

6.

Debtors: amounts falling due within one year

.   2025
£		   2024
£
Trade Debtors 545,656  631,378 
Prepayments & Accrued Income 74,370  67,705 
Other Debtors -  1,000 
620,026  700,083 

7.

Creditors: amounts falling due within one year

.   2025
£		   2024
£
Trade Creditors 318,178  215,866 
Corporation Tax 79,889  74,266 
PAYE & Social Security 57,942  48,294 
Accrued Expenses 194,489  216,642 
Other Creditors 14,462  13,874 
Obligations under HP/Financial Leases 71,074  16,886 
Directors' Current Accounts 287  - 
VAT 134,718  143,175 
871,039  729,003 

8.

Leasing agreements within one year

Minimum lease payments fall due as follows:
Hire Purchase contracts   2025
£		   2024
£
Gross obligations repayable - within one year 83,717  21,540 
Finance charges repayable - within one year (12,643) (4,654)
Net obligations repayable - within one year 71,074  16,886 

9.

Creditors: amounts falling due after more than one year

Leasing agreements more than one year
Minimum lease payments fall due as follows:
Hire purchase contracts   2025
£		   2024
£
Gross obligations repayable - between one and five years 168,479  63,402 
Finance charges repayable - between one and five years (12,455) (3,055)
Net obligations repayable - between one and five years 156,024  60,347 

10.

Provisions for liabilities

.   2025
£		   2024
£
Deferred Tax 83,632  45,166 
83,632  45,166 

11.

Non-cancellable operating leases

Minimum lease payments under non-cancellable operating leases fall due as follows:   2025
£		   2024
£
Within one year 73,497  10,560 
Between one and five years 220,157  - 
293,654  10,560 

12.

Secured debts

The following secured debts are included within creditors:
.   2025
£		   2024
£
Hire purchase contracts 227,098  77,233 
227,098  77,233 

The hire purchase agreements are secured against the assets acquired.

There is also a fixed and floating charge over the undertaking, all property and assets in place in favour of HSBC Bank Plc.
13.

Ultimate Controlling Party

During the year the company was sold to Hydratec Holdings Limited. The ultimate controlling party is Hydratec Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.


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