Registration number: 03951682

Hydramatic Source & Supply Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Hydramatic Source & Supply Ltd

Company Information

Director

Mr Christopher Birmingham

Registered office

Unit 1 Whittle Way Catcliffe Sheffield S60 5BL

Accountants

Thorntons Accountants Limited Chartered Certified Accountants 213 Derbyshire Lane Norton Lees Sheffield South Yorkshire S8 8SA

Hydramatic Source & Supply Ltd

(Registration number: 03951682)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	8,000	14,000
Tangible assets	5	76,329	27,705
		84,329	41,705
Current assets
Stocks	6	299,549	668,000
Debtors	7	1,308,452	343,307
Cash at bank and in hand		-	71,876
		1,608,001	1,083,183
Creditors: Amounts falling due within one year	8	(783,564)	(557,247)
Net current assets		824,437	525,936
Total assets less current liabilities		908,766	567,641
Creditors: Amounts falling due after more than one year	8	(169,580)	(30,000)
Net assets		739,186	537,641
Capital and reserves
Called up share capital	9	100	100
Share premium reserve		24,980	24,980
Retained earnings		714,106	512,561
Shareholders' funds		739,186	537,641

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

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Hydramatic Source & Supply Ltd

(Registration number: 03951682)
Balance Sheet as at 31 May 2025

Approved and authorised by the director on 26 June 2026
 

......................................... Mr Christopher Birmingham Director

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 1
Whittle Way
Catcliffe
Sheffield
S60 5BL

These financial statements were authorised for issue by the director on 26 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant, Machinary, Fixtures & Equipment	10% Straight Line
Motor Vehicles	25% Reducing Balance
Land & Buildings	10% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 13).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 June 2024	60,000	60,000
At 31 May 2025	60,000	60,000
Amortisation
At 1 June 2024	46,000	46,000
Amortisation charge	6,000	6,000
At 31 May 2025	52,000	52,000
Carrying amount
At 31 May 2025	8,000	8,000
At 31 May 2024	14,000	14,000

The aggregate amount of research and development expenditure recognised as an expense during the period is £22,906 (2024 - £297,416).
 

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	13,647	52,353	17,663	83,663
Additions	-	57,587	-	57,587
At 31 May 2025	13,647	109,940	17,663	141,250
Depreciation
At 1 June 2024	13,647	26,906	15,405	55,958
Charge for the year	-	8,963	-	8,963
At 31 May 2025	13,647	35,869	15,405	64,921
Carrying amount
At 31 May 2025	-	74,071	2,258	76,329
At 31 May 2024	-	25,447	2,258	27,705

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Work in progress	199,549	468,000
Other inventories	100,000	200,000
	299,549	668,000

7

Debtors

	2025 £	2024 £
Trade debtors	778,316	275,473
Other debtors	530,136	67,834
	1,308,452	343,307

Hydramatic Source & Supply Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		170,499	5,000
Trade creditors		225,518	450,214
Taxation and social security		341,478	67,704
Accruals and deferred income		8,000	10,558
Other creditors		38,069	23,771
		783,564	557,247

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		169,580	30,000

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100