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Registered number: 08749390
Service Hydraulics Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08749390
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 269,720 311,659
269,720 311,659
CURRENT ASSETS
Stocks 5 285,250 140,000
Debtors 6 299,062 253,781
Cash at bank and in hand 19,353 18,014
603,665 411,795
Creditors: Amounts Falling Due Within One Year 7 (479,986 ) (340,315 )
NET CURRENT ASSETS (LIABILITIES) 123,679 71,480
TOTAL ASSETS LESS CURRENT LIABILITIES 393,399 383,139
Creditors: Amounts Falling Due After More Than One Year 8 (86,229 ) (118,443 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,600 ) (8,822 )
NET ASSETS 288,570 255,874
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 288,569 255,873
SHAREHOLDERS' FUNDS 288,570 255,874
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Showan
Director
10/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Service Hydraulics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08749390 . The registered office is Unit 3 Out Elmstead Lane Business Centre, Out Elmstead Lane, Barham, Canterbury, Kent, CT4 6HJ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 5% straight line
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 29,853 702,686 57,352 7,446
Additions - 43,140 - 167
As at 31 October 2025 29,853 745,826 57,352 7,613
Depreciation
As at 1 November 2024 11,502 433,025 42,364 5,428
Provided during the period 1,492 78,201 3,747 546
As at 31 October 2025 12,994 511,226 46,111 5,974
Net Book Value
As at 31 October 2025 16,859 234,600 11,241 1,639
As at 1 November 2024 18,351 269,661 14,988 2,018
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 November 2024 22,863 820,200
Additions 532 43,839
As at 31 October 2025 23,395 864,039
Depreciation
As at 1 November 2024 16,222 508,541
Provided during the period 1,792 85,778
As at 31 October 2025 18,014 594,319
Net Book Value
As at 31 October 2025 5,381 269,720
As at 1 November 2024 6,641 311,659
5. Stocks
2025 2024
£ £
Stock 131,250 103,000
Work in progress 154,000 37,000
285,250 140,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 292,790 253,781
Other debtors 6,272 -
299,062 253,781
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 61,729 87,448
Trade creditors 105,212 70,935
Bank loans and overdrafts 25,334 60,506
Factoring 82,491 -
Other creditors 77,090 44,239
Taxation and social security 128,130 77,187
479,986 340,315
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 77,121 118,443
Bank loans 9,108 -
86,229 118,443
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 61,729 87,448
Later than one year and not later than five years 77,121 118,443
138,850 205,891
138,850 205,891
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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