Company Registration No. 03932202 (England and Wales)
G P Hydraulics Limited
Unaudited accounts
for the year ended 31 March 2023
G P Hydraulics Limited
Unaudited accounts
Contents
G P Hydraulics Limited
Company Information
for the year ended 31 March 2023
Directors
Garry Mark Morgan
Phillip Anthony Lewis
Daniel Phillip Lewis
Company Number
03932202 (England and Wales)
Registered Office
Unit 21
Neath Abbey Business Park
Neath
Swansea
SA10 7DR
Accountants
RGS Accountants Limited
5 Commercial Street
Ystradgynlais
Swansea
SA9 1HD
G P Hydraulics Limited
Statement of financial position
as at 31 March 2023
Tangible assets
71,577
95,436
Cash at bank and in hand
65,338
88,017
Creditors: amounts falling due within one year
(113,823)
(130,365)
Net current assets
143,731
180,843
Total assets less current liabilities
215,308
276,279
Creditors: amounts falling due after more than one year
(30,000)
(57,300)
Net assets
185,308
218,979
Called up share capital
3
3
Profit and loss account
185,305
218,976
Shareholders' funds
185,308
218,979
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2023 and were signed on its behalf by
Garry Mark Morgan
Director
Company Registration No. 03932202
G P Hydraulics Limited
Notes to the Accounts
for the year ended 31 March 2023
G P Hydraulics Limited is a private company, limited by shares, registered in England and Wales, registration number 03932202. The registered office is Unit 21, Neath Abbey Business Park, Neath, Swansea, SA10 7DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing Balance - 25%
Motor vehicles
Reducing Balance - 25%
Fixtures & fittings
Reducing Balance - 25%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
198,829
47,919
6,937
253,685
At 31 March 2023
198,829
47,919
6,937
253,685
At 1 April 2022
139,696
11,980
6,573
158,249
Charge for the year
14,783
8,985
91
23,859
At 31 March 2023
154,479
20,965
6,664
182,108
At 31 March 2023
44,350
26,954
273
71,577
At 31 March 2022
59,133
35,939
364
95,436
G P Hydraulics Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
186,514
222,210
Accrued income and prepayments
3,082
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
35,862
47,524
Taxes and social security
49,142
59,388
Loans from directors
-
11,453
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
