Company registration number 04613317 (England and Wales)
FAIRWAY HYDRAULICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
FAIRWAY HYDRAULICS LIMITED
COMPANY INFORMATION
Directors
Mrs C S Chang
Mr R W Dowdeswell
Mr P F Dowdeswell
Mr M L Chang
Secretary
Mrs C S Chang
Company number
04613317
Registered office
Plot 2
Zone 5 Rushock Trading Estate
Rushock
Droitwich
Worcestershire
WR9 0NR
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
College Street
Worcester
Worcestershire
WR1 2LY
FAIRWAY HYDRAULICS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
FAIRWAY HYDRAULICS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF FAIRWAY HYDRAULICS LIMITED FOR THE YEAR 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 Fairway Hydraulics Limited for the year 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 Fairway Hydraulics 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 Fairway Hydraulics Limited and state those matters that we have agreed to state to the b oard of d irectors of Fairway Hydraulics 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 Fairway Hydraulics 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 Fairway Hydraulics 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 Fairway Hydraulics Limited. You consider that Fairway Hydraulics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fairway Hydraulics 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
17 June 2026
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
FAIRWAY HYDRAULICS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
47,811
37,849
Current assets
Stocks
486,540
748,341
Debtors
4
639,416
685,468
Cash at bank and in hand
1,423,070
978,650
2,549,026
2,412,459
Creditors: amounts falling due within one year
5
(516,956)
(371,225)
Net current assets
2,032,070
2,041,234
Total assets less current liabilities
2,079,881
2,079,083
Provisions for liabilities
6
(2,528)
(1,397)
Net assets
2,077,353
2,077,686
Capital and reserves
Called up share capital
7
700
700
Profit and loss reserves
2,076,653
2,076,986
Total equity
2,077,353
2,077,686

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 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.

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 year 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.

The financial statements were approved by the board of directors and authorised for issue on 17 June 2026 and are signed on its behalf by:
Mr R W Dowdeswell
Mr P F Dowdeswell
Director
Director
Company registration number 04613317 (England and Wales)
FAIRWAY HYDRAULICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Fairway Hydraulics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Plot 2, Zone 5 Rushock Trading Estate, Rushock, Droitwich, Worcestershire, WR9 0NR.

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. 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 and services 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.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
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:

Improvements to property
2% on cost
Plant and machinery
20% on reducing balance
Fixtures and fittings
15% on reducing balance
Computer equipment
25% on cost
Motor vehicles
25% on reducing balance

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.

1.4
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.

FAIRWAY HYDRAULICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.5
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.

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.

1.6
Employee benefits

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

1.7
Retirement benefits

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

1.8
Leases

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.

2
Employees

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

2025
2024
Number
Number
Total
11
11
FAIRWAY HYDRAULICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
1,745
39,498
10,590
26,408
103,119
181,360
Additions
-
0
10,010
-
0
1,320
18,965
30,295
Disposals
-
0
-
0
-
0
-
0
(16,600)
(16,600)
At 31 December 2025
1,745
49,508
10,590
27,728
105,484
195,055
Depreciation and impairment
At 1 January 2025
210
33,240
6,872
24,510
78,679
143,511
Depreciation charged in the year
35
3,256
556
1,696
9,538
15,081
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(11,348)
(11,348)
At 31 December 2025
245
36,496
7,428
26,206
76,869
147,244
Carrying amount
At 31 December 2025
1,500
13,012
3,162
1,522
28,615
47,811
At 31 December 2024
1,535
6,258
3,718
1,898
24,440
37,849
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
609,684
446,728
Amounts owed by group undertakings
-
0
206,852
Other debtors
29,732
31,888
639,416
685,468
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
209,722
258,225
Amounts owed to group undertakings
72,717
-
0
Taxation and social security
228,015
106,707
Other creditors
6,502
6,293
516,956
371,225
FAIRWAY HYDRAULICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
2,528
1,397
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
600
600
600
600
700
700
700
700
8
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 with wholly owned subsidiaries within the group.

9
Directors' transactions

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

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan accounts
-
-
21,613
21,613
-
21,613
21,613

The directors' loan accounts were repaid within nine months of the year end.

10
Control

Ultimate parent company

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

Ultimate controlling party

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

2025-12-31 2025-01-01 false false false 17 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr R W Dowdeswell Mr P F Dowdeswell Mr M L Chang Mr M L Chang Mrs C S Chang 04613317 2025-01-01 2025-12-31 04613317 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 04613317 bus:Director1 2025-01-01 2025-12-31 04613317 bus:Director2 2025-01-01 2025-12-31 04613317 bus:Director3 2025-01-01 2025-12-31 04613317 bus:Director4 2025-01-01 2025-12-31 04613317 bus:CompanySecretary1 2025-01-01 2025-12-31 04613317 bus:RegisteredOffice 2025-01-01 2025-12-31 04613317 bus:Agent1 2025-01-01 2025-12-31 04613317 2025-12-31 04613317 2024-12-31 04613317 core:LeaseholdImprovements 2025-12-31 04613317 core:PlantMachinery 2025-12-31 04613317 core:FurnitureFittings 2025-12-31 04613317 core:ComputerEquipment 2025-12-31 04613317 core:MotorVehicles 2025-12-31 04613317 core:LeaseholdImprovements 2024-12-31 04613317 core:PlantMachinery 2024-12-31 04613317 core:FurnitureFittings 2024-12-31 04613317 core:ComputerEquipment 2024-12-31 04613317 core:MotorVehicles 2024-12-31 04613317 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04613317 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04613317 core:CurrentFinancialInstruments 2025-12-31 04613317 core:CurrentFinancialInstruments 2024-12-31 04613317 core:ShareCapital 2025-12-31 04613317 core:ShareCapital 2024-12-31 04613317 core:RetainedEarningsAccumulatedLosses 2025-12-31 04613317 core:RetainedEarningsAccumulatedLosses 2024-12-31 04613317 core:ShareCapitalOrdinaryShareClass1 2025-12-31 04613317 core:ShareCapitalOrdinaryShareClass1 2024-12-31 04613317 core:ShareCapitalOrdinaryShareClass2 2025-12-31 04613317 core:ShareCapitalOrdinaryShareClass2 2024-12-31 04613317 core:ShareCapitalOrdinaryShares 2025-12-31 04613317 core:ShareCapitalOrdinaryShares 2024-12-31 04613317 core:LeaseholdImprovements 2025-01-01 2025-12-31 04613317 core:PlantMachinery 2025-01-01 2025-12-31 04613317 core:FurnitureFittings 2025-01-01 2025-12-31 04613317 core:ComputerEquipment 2025-01-01 2025-12-31 04613317 core:MotorVehicles 2025-01-01 2025-12-31 04613317 2024-01-01 2024-12-31 04613317 core:LeaseholdImprovements 2024-12-31 04613317 core:PlantMachinery 2024-12-31 04613317 core:FurnitureFittings 2024-12-31 04613317 core:ComputerEquipment 2024-12-31 04613317 core:MotorVehicles 2024-12-31 04613317 2024-12-31 04613317 bus:OrdinaryShareClass1 2025-01-01 2025-12-31 04613317 bus:OrdinaryShareClass2 2025-01-01 2025-12-31 04613317 bus:OrdinaryShareClass1 2025-12-31 04613317 bus:OrdinaryShareClass1 2024-12-31 04613317 bus:OrdinaryShareClass2 2025-12-31 04613317 bus:OrdinaryShareClass2 2024-12-31 04613317 bus:AllOrdinaryShares 2025-12-31 04613317 bus:AllOrdinaryShares 2024-12-31 04613317 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04613317 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04613317 bus:FRS102 2025-01-01 2025-12-31 04613317 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04613317 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP