REGISTERED NUMBER: 01593258 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Able Hydraulics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Robert Phelan

Mrs Nicola Phelan

REGISTERED OFFICE:

2 Station View

Hazel Grove

Stockport

SK7 5ER

REGISTERED NUMBER:

01593258 (England and Wales)

ACCOUNTANTS:

Cowgills Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

39,157

46,440

CURRENT ASSETS

Stocks

43,000

65,500

Debtors

5

1,018,153

948,316

Cash at bank and in hand

59,899

80,154

1,121,052

1,093,970

CREDITORS

Amounts falling due within one year

6

510,094

515,689

NET CURRENT ASSETS

610,958

578,281

TOTAL ASSETS LESS CURRENT LIABILITIES

650,115

624,721

CREDITORS

Amounts falling due after more than one year

7

(92,144

)

(28,141

)

PROVISIONS FOR LIABILITIES

(9,789

)

(8,824

)

NET ASSETS

548,182

587,756

CAPITAL AND RESERVES

Called up share capital

2,630

2,630

Share premium

24,522

24,522

Retained earnings

521,030

560,604

SHAREHOLDERS' FUNDS

548,182

587,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Mr Robert Phelan - Director

1.	STATUTORY INFORMATION

Able Hydraulics 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on reducing balance and 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

6,536

231,018

237,554

DEPRECIATION

At 1 March 2025

2,071

189,043

191,114

Charge for year

653

6,630

7,283

At 28 February 2026

2,724

195,673

198,397

NET BOOK VALUE

At 28 February 2026

3,812

35,345

39,157

At 28 February 2025

4,465

41,975

46,440

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2025

and 28 February 2026

29,131

DEPRECIATION

At 1 March 2025

1,457

Charge for year

4,151

At 28 February 2026

5,608

NET BOOK VALUE

At 28 February 2026

23,523

At 28 February 2025

27,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

215,116

245,475

Amounts owed by group undertakings

801,370

693,770

Other debtors

1,667

9,071

1,018,153

948,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

28,122

31,267

Hire purchase contracts (see note 8)

4,684

4,684

Trade creditors

160,428

162,941

Amounts owed to group undertakings

173

173

Taxation and social security

111,907

107,087

Other creditors

204,780

209,537

510,094

515,689

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans

67,816

-

Hire purchase contracts (see note 8)

24,328

28,141

92,144

28,141

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28.2.26

28.2.25

£

£

Net obligations repayable:

Within one year

4,684

4,684

Between one and five years

24,328

28,141

29,012

32,825

Non-cancellable

operating leases

28.2.26

28.2.25

£

£

Within one year

22,796

22,796

Between one and five years

165,000

165,000

In more than five years

28,658

51,454

216,454

239,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

£

Bank loans

95,938

-

Other loans

195,885

207,833

291,823

207,833

Close Brother Limited have a fixed and floating charge, details of which can be found at Companies House charge code - 0159 3258 0003.

10.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount totalling £173 (£173 - 2025) which is owed to Able Hydraulics

Holdings Ltd, a company in which the directors have an associated interest by virtue of shareholdings.

Included within other debtors is an amount totalling £693,770 (£693,770 - 2025) which is due from Robsam

Holdings Ltd, a company in which the directors have an associated interest by virtue of shareholdings.

Included within other debtors is an amount totalling £107,600 (£nil - 2025) which is due from Phelan

Holdings Ltd, a company in which the directors have an associated interest by virtue of shareholdings.

11.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr R Phelan and Mrs N Phelan by virtue of their shareholdings in parent company Phelan Holdings Ltd.