REGISTERED NUMBER: 01593258 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Able Hydraulics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Robert Phelan

Mrs Nicola Phelan

REGISTERED OFFICE:

2 Station View

Hazel Grove

Stockport

SK7 5ER

REGISTERED NUMBER:

01593258 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

46,440

27,547

CURRENT ASSETS

Stocks

65,500

65,500

Debtors

5

948,316

952,579

Cash at bank and in hand

80,154

135,894

1,093,970

1,153,973

CREDITORS

Amounts falling due within one year

6

515,689

560,094

NET CURRENT ASSETS

578,281

593,879

TOTAL ASSETS LESS CURRENT LIABILITIES

624,721

621,426

CREDITORS

Amounts falling due after more than one year

7

(28,141

)

(31,267

)

PROVISIONS FOR LIABILITIES

(8,824

)

(5,607

)

NET ASSETS

587,756

584,552

CAPITAL AND RESERVES

Called up share capital

2,630

2,630

Share premium

24,522

24,522

Retained earnings

560,604

557,400

SHAREHOLDERS' FUNDS

587,756

584,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 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.

Able Hydraulics Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number is 01593258 and registered office address is 2 Station View, Hazel Grove, Stockport, England, SK7 5ER.

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 Income Statement, 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 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

6,536

216,886

223,422

Additions

-

29,131

29,131

Disposals

-

(14,999

)

(14,999

)

At 28 February 2025

6,536

231,018

237,554

DEPRECIATION

At 1 March 2024

1,417

194,458

195,875

Charge for year

654

5,774

6,428

Eliminated on disposal

-

(11,189

)

(11,189

)

At 28 February 2025

2,071

189,043

191,114

NET BOOK VALUE

At 28 February 2025

4,465

41,975

46,440

At 29 February 2024

5,119

22,428

27,547

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

Plant and

machinery

etc

£

COST

Additions

29,131

At 28 February 2025

29,131

DEPRECIATION

Charge for year

1,457

At 28 February 2025

1,457

NET BOOK VALUE

At 28 February 2025

27,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

245,475

254,595

Amounts owed by group undertakings

693,770

693,770

Other debtors

9,071

4,214

948,316

952,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

31,267

42,210

Hire purchase contracts (see note 8)

4,684

-

Trade creditors

162,941

171,444

Amounts owed to group undertakings

173

173

Taxation and social security

107,087

114,599

Other creditors

209,537

231,668

515,689

560,094

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

-

31,267

Hire purchase contracts (see note 8)

28,141

-

28,141

31,267

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28.2.25

29.2.24

£

£

Net obligations repayable:

Within one year

4,684

-

Between one and five years

28,141

-

32,825

-

Non-cancellable

operating leases

28.2.25

29.2.24

£

£

Within one year

22,796

33,000

Between one and five years

165,000

165,000

In more than five years

51,454

74,250

239,250

272,250

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Other loans

207,833

224,873

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 - 2024) 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 - 2024) which is due from Robsam

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

At 28 February 2025, Robert Phelan’s director loan account had a debit balance of £4,857. This loan was fully repaid within nine months of the year end and, accordingly, no s455 tax liability arises.

11.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr R Phelan and Mr S Robinson by virtue of their shareholdings in parent company Robsam Holdings Ltd