Company registration number 03174819 (England and Wales)
HARRIER FLUID POWER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
HARRIER FLUID POWER LIMITED
COMPANY INFORMATION
Directors
Mr S J Parsonage
Mr V D O Skargren
(Appointed 28 November 2025)
Mr J T Logue
(Appointed 28 November 2025)
Mr S J Fasth Schmidt
(Appointed 28 November 2025)
Mr J A Brattberg
(Appointed 28 November 2025)
Company number
03174819
Registered office
Parys Road
Ludlow Business Park
Ludlow
Shropshire
SY8 1XY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
HARRIER FLUID POWER LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
HARRIER FLUID POWER LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARRIER FLUID POWER LIMITED FOR THE PERIOD ENDED 31 DECEMBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harrier Fluid Power Limited for the period ended 31 December 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Harrier Fluid Power Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Harrier Fluid Power Limited and state those matters that we have agreed to state to the b oard of d irectors of Harrier Fluid Power Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harrier Fluid Power Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Harrier Fluid Power Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Harrier Fluid Power Limited. You consider that Harrier Fluid Power Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Harrier Fluid Power Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
25 June 2026
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
HARRIER FLUID POWER LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -
31 December 2025
31 May 2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,500
8,400
Tangible assets
4
242,046
2,118,573
Investments
5
-
0
60,000
245,546
2,186,973
Current assets
Stocks
3,002,698
2,634,245
Debtors
6
1,282,114
1,112,726
Cash at bank and in hand
703,574
841,739
4,988,386
4,588,710
Creditors: amounts falling due within one year
7
(2,673,099)
(2,524,220)
Net current assets
2,315,287
2,064,490
Total assets less current liabilities
2,560,833
4,251,463
Creditors: amounts falling due after more than one year
8
(22,586)
(348,337)
Provisions for liabilities
10
(60,545)
(107,595)
Net assets
2,477,702
3,795,531
Capital and reserves
Called up share capital
11
1,000
1,000
Revaluation reserve
12
-
0
111,561
Profit and loss reserves
2,476,702
3,682,970
Total equity
2,477,702
3,795,531

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HARRIER FLUID POWER LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 25 June 2026 and are signed on its behalf by:
Mr S J Parsonage
Director
Company registration number 03174819 (England and Wales)
HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Harrier Fluid Power Limited is a private company limited by shares incorporated in England and Wales. The registered office is Parys Road, Ludlow Business Park, Ludlow, Shropshire, SY8 1XY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website development
5 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
Not provided
Plant and machinery
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

No depreciation is provided on freehold property. This treatment may be a departure from the requirements of Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties, which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly, in the opinion of the directors, any element of depreciation would be immaterial and no provision has been made.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.11

Invoice discounting

The company has entered into an invoice discounting arrangement for certain trade debtors. Amounts due from the customers are shown in full in trade debtors, with amounts due to the finance company in creditors due within twelve months under the other creditors heading.

HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2025
Number
Number
Total
44
41
3
Intangible fixed assets
Website development
£
Cost
At 1 June 2025 and 31 December 2025
42,000
Amortisation and impairment
At 1 June 2025
33,600
Amortisation charged for the period
4,900
At 31 December 2025
38,500
Carrying amount
At 31 December 2025
3,500
At 31 May 2025
8,400
HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 8 -
4
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2025
1,870,167
167,231
517,463
63,957
2,618,818
Additions
5,873
3,078
31,893
-
0
40,844
Disposals
(1,876,040)
-
0
-
0
-
0
(1,876,040)
At 31 December 2025
-
0
170,309
549,356
63,957
783,622
Depreciation and impairment
At 1 June 2025
-
0
99,939
386,368
13,938
500,245
Depreciation charged in the period
-
0
10,261
23,775
7,295
41,331
At 31 December 2025
-
0
110,200
410,143
21,233
541,576
Carrying amount
At 31 December 2025
-
0
60,109
139,213
42,724
242,046
At 31 May 2025
1,870,167
67,292
131,095
50,019
2,118,573
5
Fixed asset investments
2025
2025
£
£
Shares in group undertakings and participating interests
-
0
60,000
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 June 2025
60,000
Disposals
(60,000)
At 31 December 2025
-
Carrying amount
At 31 December 2025
-
At 31 May 2025
60,000
HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 9 -
6
Debtors
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
656,884
710,384
Amounts owed by group undertakings and undertakings in which the company has a participating interest
509,276
127,138
Other debtors
115,954
275,204
1,282,114
1,112,726
7
Creditors: amounts falling due within one year
2025
2025
£
£
Bank loans
-
0
104,618
Trade creditors
1,080,573
1,161,898
Taxation and social security
1,037,511
711,922
Other creditors
555,015
545,782
2,673,099
2,524,220
8
Creditors: amounts falling due after more than one year
2025
2025
£
£
Bank loans and overdrafts
-
0
321,430
Other creditors
22,586
26,907
22,586
348,337
9
Secured debts
The following secured debts are included within creditors:
2025
2025
£
£
Hire purchase contracts
32,896
37,217
Bank loans
-
426,048
Factoring account
530,993
491,511
563,889
954,776
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
All monies due or to become due from the company to the factoring company, Barclays Sales Finance, are secured against trade debtors.
HARRIER FLUID POWER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 10 -
10
Provisions for liabilities
2025
2025
£
£
Deferred tax liabilities
60,545
107,595
11
Called up share capital
2025
2025
2025
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
12
Revaluation reserve
2025
2025
£
£
At the beginning of the period
111,561
111,561
Reversal of deferred tax liability on revaluation
26,168
-
Transfer to retained earnings
(137,729)
-
0
At the end of the period
-
0
111,561
13
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Interest charged
Amounts repaid
Closing balance
£
£
£
£
Loan accounts
3.75
151,314
5,963
(157,277)
-
151,314
5,963
(157,277)
-
14
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

15
Control

Ultimate parent company

The ultimate parent company is Flowfit Limited, a company registered in England and Wales.

Ultimate controlling party

There is no ultimate controlling party due to no controlling interest in the ultimate parent company.

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