Truflow Hydraulic Components Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01986321

Truflow Hydraulic Components Limited

Filleted Financial Statements

31 December 2025

Truflow Hydraulic Components Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		254,836	274,486

Current assets

Stocks		2,895,486	2,367,788
Debtors	6	1,316,408	1,382,553
Cash at bank and in hand		92,834	115,524
		------------	------------
		4,304,728	3,865,865

Creditors: amounts falling due within one year	7	3,682,681		3,441,705
		------------		------------
Net current assets			622,047	424,160
			---------	---------
Total assets less current liabilities			876,883	698,646
			---------	---------
Net assets			876,883	698,646
			---------	---------

Capital and reserves

Called up share capital	1,500	1,500
Profit and loss account	875,383	697,146
	---------	---------
Shareholders funds	876,883	698,646
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 16 June 2026 , and are signed on behalf of the board by:

Mr D M Carr

Director

Company registration number: 01986321

Truflow Hydraulic Components Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Brennan Industries UK, 50 Wharf Approach, Walsall, WS9 8BX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

	Office equipment	-	15 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of average cost and estimated selling price less costs to complete and sell. Average cost includes average costs of purchase,conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 18 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2025	160,660	50,352	176,711	17,938	67,553	473,214
Additions	–	–	15,313	–	1,457	16,770
	---------	--------	---------	--------	--------	---------
At 31 Dec 2025	160,660	50,352	192,024	17,938	69,010	489,984
	---------	--------	---------	--------	--------	---------
Depreciation
At 1 Jan 2025	32,128	32,196	78,073	13,113	43,218	198,728
Charge for the year	12,853	2,723	15,841	1,206	3,797	36,420
	---------	--------	---------	--------	--------	---------
At 31 Dec 2025	44,981	34,919	93,914	14,319	47,015	235,148
	---------	--------	---------	--------	--------	---------
Carrying amount
At 31 Dec 2025	115,679	15,433	98,110	3,619	21,995	254,836
	---------	--------	---------	--------	--------	---------
At 31 Dec 2024	128,532	18,156	98,638	4,825	24,335	274,486
	---------	--------	---------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	956,405	962,871
Amounts owed by group undertakings and undertakings in which the company has a participating interest	82,952	70,632
Other debtors	277,051	349,050
	------------	------------
	1,316,408	1,382,553
	------------	------------

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	151,341	154,034
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	889,805	853,596
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,660,051	2,541,092
Social security and other taxes	103,439	37,623
Other creditors	29,386	9,394
	------------	------------
	3,682,681	3,441,705
	------------	------------

JPMorgan Chase Bank, N.A. holds a fixed and floating charge over all the property or undertaking of the company and a negative pledge made by the company, dated 25 May 2023.

8. Summary audit opinion

The auditor's report dated 16 June 2026 was unqualified .

The senior statutory auditor was Russell Eley FCCA , for and on behalf of Xeinadin Audit Limited .

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Parties subject to common control	187,189	418,273	( 173,808)	( 109,798)
Ultimate parent company	3,248	42,166	( 1,865)	( 1,262)
	---------	---------	---------	---------

During the year the company traded with associated group companies. They are all subject to common control or influence from Brennan Industries Inc. All of the transactions were in the normal course of trade, but the ones disclosed above were at a preferential rate because of their group status.

10. Ethical standards

In accordance with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities, provide payroll services and to assist with the preparation of the financial statements.

11. Controlling party

The ultimate parent company is Brennan Industries Inc, registered office: 6701, Cochran Road, Solon, Ohio, 44139, United States.