Hydraulic Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Hydraulic Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03133686 . The registered office is Unit 11 Liongate Enterprise Park, 80 Morden Road, Mitcham, Surrey, CR4 4NY.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Statement of Compliance

The financial statements have been prepared 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. 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.

3.3. 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 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.

3.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.5. 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	5 years straight line
Motor Vehicles	3 years straight line
Fixtures & Fittings	10 years straight line
Computer Equipment	5 years straight line

3.6. 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.

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Hydraulic Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

3.7. 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.

3.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.9. 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.

3.10. 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.

3.11. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3.12. Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 8)

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Hydraulic Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	77,979

As at 31 January 2026	77,979

Amortisation
As at 1 February 2025	64,979
Provided during the period	3,000

As at 31 January 2026	67,979

Net Book Value
As at 31 January 2026	10,000

As at 1 February 2025	13,000

6. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	45,828	139,233	40,577	39,530	265,168
Additions	-	50,241	-	222	50,463
Disposals	-	(24,258 )	-	-	(24,258 )

As at 31 January 2026	45,828	165,216	40,577	39,752	291,373

Depreciation
As at 1 February 2025	45,828	110,756	40,441	36,475	233,500
Provided during the period	-	22,042	74	1,193	23,309
Disposals	-	(24,258 )	-	-	(24,258 )

As at 31 January 2026	45,828	108,540	40,515	37,668	232,551

Net Book Value
As at 31 January 2026	-	56,676	62	2,084	58,822

As at 1 February 2025	-	28,477	136	3,055	31,668

7. Stocks

	2026	2025
	£	£
Materials	41,424	44,364

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Hydraulic Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	88,802	79,027
Amounts owed by participating interests	215,316	215,316
Other debtors	12,676	19,858

	316,794	314,201

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	19,761	19,761
Trade creditors	28,686	36,112
Bank loans and overdrafts	4,409	10,397
Other creditors	28,953	28,999
Taxation and social security	17,057	32,080

	98,866	127,349

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,333	22,094
Bank loans	-	4,409
Other creditors	3,500	3,500

	5,833	30,003

11. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	4,409	10,397

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	-	4,409

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Hydraulic Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	19,761	19,761
Later than one year and not later than five years	2,333	22,094

	22,094	41,855

	22,094	41,855

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	26,865	26,865

14. Other Commitments

The total amount of financial commitments not included in the balance sheet is:

	2026	2025
	£	£
Later than one year and not later than five years	85,803	124,179

	85,803	124,179

The financial commitments being the rental of premises occupied by the company. A new 5 year agreement was signed during the year.

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Hydraulic Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

15. Related Party Disclosures

Summary of transactions with other related parties

AW Hydraulic Services ltd, Sageglen Ltd, Berkshire Hydraulic Solutions Ltd, Metaldance Ltd and Macbeth 12 ltd.

The companies listed above are under the common control of Mr A Williams.

During the year loans were advanced to Berkshire Hydraulic Solutions Ltd, Macbeth 12 Ltd and Hydraulic Solutions Limited.

All sales and purchases made with the other related parties were concluded under normal market conditions.

Loans to related parties

	Other related parties	Total
2026	£	£
At start of period	215,316	215,316


At end of period	215,316	215,316

	Other related parties	Total
2025	£	£
At start of period	153,366	153,366
Advanced	61,950	61,950

At end of period	215,316	215,316

Terms of loans to related parties

There are no terms of repayment or interest charged on loans to other related parties. These loan are repayable on demand.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		10,000		13,000
Tangible Assets	6		58,822		31,668

			68,822		44,668
CURRENT ASSETS
Stocks	7	41,424		44,364
Debtors	8	316,794		314,201
Cash at bank and in hand		70,471		164,878

		428,689		523,443
Creditors: Amounts Falling Due Within One Year	9	(98,866 )		(127,349 )

NET CURRENT ASSETS (LIABILITIES)			329,823		396,094

TOTAL ASSETS LESS CURRENT LIABILITIES			398,645		440,762

Creditors: Amounts Falling Due After More Than One Year	10		(5,833 )		(30,003 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(14,706 )		(7,917 )

NET ASSETS			378,106		402,842

CAPITAL AND RESERVES
Called up share capital	13		26,865		26,865
Profit and Loss Account			351,241		375,977

SHAREHOLDERS' FUNDS			378,106		402,842