Leicester Hose & Hydraulics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Leicester Hose & Hydraulics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05503237 . The registered office is Westbury Court Church Road, Westbury-on-Trym, Bristol, BS9 3EF.

The principal place of business is Unit E, Pasture Lane, Leicester, Leicestershire, LE1 4EY.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

The directors are currently planning to transfer the trade and operations of the company to its parent undertaking, Hydroscand Ltd. At the date of approval of these financial statements, this transfer has not yet taken place but is expected to occur in the forseeable future as part of a group restructuring.

The parent company has confirmed that it will provide financial support to the company for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the directors have prepared the financial statements on a going concern basis.

2.3. 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 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.

2.4. 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:

Plant & Machinery	15% Straight line
Motor Vehicles	25% Straight line
Fixtures & Fittings	15% Straight line
Computer Equipment	33% Straight line

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Leicester Hose & Hydraulics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Stocks and Work in Progress

Stocks 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.

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	6,510	5,225	13,770	2,113	27,618
Additions	-	-	-	1,125	1,125
Disposals	-	(5,225 )	-	-	(5,225 )

As at 31 December 2025	6,510	-	13,770	3,238	23,518

Depreciation
As at 1 January 2025	6,510	5,225	13,468	1,801	27,004
Provided during the period	-	-	302	378	680
Disposals	-	(5,225 )	-	-	(5,225 )

As at 31 December 2025	6,510	-	13,770	2,179	22,459

Net Book Value
As at 31 December 2025	-	-	-	1,059	1,059

As at 1 January 2025	-	-	302	312	614

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Leicester Hose & Hydraulics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Stocks

	2025	2024
	£	£
Stock	42,987	49,048

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	92,477	98,662
Amounts owed by group undertakings	224	345
Other debtors	3,062	14,991

	95,763	113,998

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	32,947	42,879
Amounts owed to group undertakings	4,660	6,073
Other creditors	4,153	-
Taxation and social security	13,188	8,579

	54,948	57,531

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

The company has taken advantage of the exemptions provided by FRS 102 Section 1A in relation to paragraph 33.1A from disclosing transactions and balances with other group companies.

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Leicester Hose & Hydraulics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate parent undertaking is Hydroscand Ltd

The ultimate parent undertaking is Fredfors Fabriks AB (incorporated in Sweden). Its registered office is Box 17, 125 21 Älvsjö, Sweden.

Copies of the group accounts may be obtained from the secretary.

The ultimate controlling party is Bjorn Holmstrom by virtue of his shareholding in the ultimate parent company.

12. Audit Information

The auditor's report on the accounts of Leicester Hose & Hydraulics Limited for the year ended 31 December 2025 was qualified.

The basis of qualification in the auditor's report was as follows:

We as auditors did not observe the counting of physical stock at the end of the year. We were unable to satisfy ourselves by alternative means concerning the stock quantities held at 31 December 2025, which are included in the balance sheet at £42,987, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 10 to the financial statements and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

The matters required to report by exception are stated below:

Arising solely from the limitation on the scope of our work relating to stock, referred to above:

we have not obtained all the information and explanations that we considered necessary for the purpose of our audit;
and we were unable to determine whether adequate accounting records have been kept.

The auditor's report was signed by David Alan Oakensen FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.

Oakensen (Bristol) Limited

Westbury Court

Church Road

Westbury-on-Trym

Bristol

BS9 3EF

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,059		614

			1,059		614
CURRENT ASSETS
Stocks	5	42,987		49,048
Debtors	6	95,763		113,998
Cash at bank and in hand		91,907		71,967

		230,657		235,013
Creditors: Amounts Falling Due Within One Year	7	(54,948 )		(57,531 )

NET CURRENT ASSETS (LIABILITIES)			175,709		177,482

TOTAL ASSETS LESS CURRENT LIABILITIES			176,768		178,096

NET ASSETS			176,768		178,096

CAPITAL AND RESERVES
Called up share capital	8		1		1
Capital redemption reserve			1		1
Profit and Loss Account			176,766		178,094

SHAREHOLDERS' FUNDS			176,768		178,096