REGISTERED NUMBER: 04588421 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Park Hose & Gaskets Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Carpenter

REGISTERED OFFICE:

11 Cranford Court

Hardwick Grange

Woolston

Warrington

Cheshire

WA1 4RX

REGISTERED NUMBER:

04588421 (England and Wales)

AUDITORS:

Lucas Reis Ltd

Chartered Accountants

Lansdowne House

85 Buxton Road

Stockport

Cheshire

SK2 6LR

FIXED ASSETS

Tangible assets

4

23,045

24,575

CURRENT ASSETS

Stocks

182,840

141,306

Debtors

5

1,043,390

1,057,364

Cash at bank

492,669

280,298

1,718,899

1,478,968

CREDITORS

Amounts falling due within one year

6

349,225

380,883

NET CURRENT ASSETS

1,369,674

1,098,085

TOTAL ASSETS LESS CURRENT LIABILITIES

1,392,719

1,122,660

PROVISIONS FOR LIABILITIES

5,021

5,034

NET ASSETS

1,387,698

1,117,626

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,387,598

1,117,526

SHAREHOLDERS' FUNDS

1,387,698

1,117,626

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 August 2026 and were signed by:

M J Carpenter - Director

1.	STATUTORY INFORMATION

Park Hose & Gaskets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

25% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Office

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

5,919

27,981

18,267

25,185

77,352

Additions

-

-

4,000

417

4,417

At 31 December 2025

5,919

27,981

22,267

25,602

81,769

DEPRECIATION

At 1 January 2025

1,480

24,585

6,576

20,136

52,777

Charge for year

1,480

510

3,138

819

5,947

At 31 December 2025

2,960

25,095

9,714

20,955

58,724

NET BOOK VALUE

At 31 December 2025

2,959

2,886

12,553

4,647

23,045

At 31 December 2024

4,439

3,396

11,691

5,049

24,575

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

234,349

283,536

Amounts owed by group undertakings

745,943

750,000

Other debtors

28,216

-

Prepayments and accrued income

18,882

7,828

1,027,390

1,041,364

31.12.25

31.12.24

£

£

Amounts falling due after more than one year:

Other debtors - rent deposit

16,000

16,000

Aggregate amounts

1,043,390

1,057,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

270,510

209,092

Tax

-

106,566

Social security and other taxes

14,859

9,667

VAT

37,946

45,851

Other creditors

1,187

757

Accruals and deferred income

24,723

8,950

349,225

380,883

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

20,000

21,297

Between one and five years

50,000

70,000

70,000

91,297

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Reis (Senior Statutory Auditor)

for and on behalf of Lucas Reis Ltd

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the parent company.

The parent company is Hydroscand Group AB, incorporated in Sweden.

The financial statements of the parent company are available upon request from Box 401, SE-128 06 Skondal, Sweden.