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REGISTERED NUMBER: SC148802 (Scotland)















Financial Statements for the Year Ended 31 May 2018

for

Pump Action Ltd

Pump Action Ltd (Registered number: SC148802)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pump Action Ltd

Company Information
for the Year Ended 31 May 2018







DIRECTORS: Mr Scott Gray
Mr Scott Lamont



SECRETARY: Mr Scott Lamont



REGISTERED OFFICE: 19 Hutchison Road
Edinburgh
Midlothian
EH14 1RA



REGISTERED NUMBER: SC148802 (Scotland)



ACCOUNTANTS: Sutherland Black
Chartered Accountants
8 Deer Park Avenue
Fairways Business Park
Livingston
West Lothian
EH54 8GA



SOLICITORS: A & W M Urquhart
16 Heriot Row
Edinburgh
Midlothian
EH3 6HR

Pump Action Ltd (Registered number: SC148802)

Balance Sheet
31 May 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 446,120 456,207

CURRENT ASSETS
Stocks 5 35,030 35,100
Debtors 6 829,536 769,654
Cash at bank and in hand 56,059 112,025
920,625 916,779
CREDITORS
Amounts falling due within one year 7 1,085,712 829,398
NET CURRENT (LIABILITIES)/ASSETS (165,087 ) 87,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,033

543,588

CREDITORS
Amounts falling due after more than
one year

8

215,040

253,864
NET ASSETS 65,993 289,724

CAPITAL AND RESERVES
Called up share capital 10 27,250 27,250
Retained earnings 11 38,743 262,474
SHAREHOLDERS' FUNDS 65,993 289,724

Pump Action Ltd (Registered number: SC148802)

Balance Sheet - continued
31 May 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 October 2018 and were
signed on its behalf by:





Mr Scott Lamont - Director


Pump Action Ltd (Registered number: SC148802)

Notes to the Financial Statements
for the Year Ended 31 May 2018

1. STATUTORY INFORMATION

Pump Action Ltd is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery - 4 Years Straight Line Basis
Motor vehicles - 4 Years Straight Line Basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

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 25 (2017 - 23 ) .

Pump Action Ltd (Registered number: SC148802)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 June 2017 369,600 17,802 69,048 240,453 696,903
Additions - - 799 42,804 43,603
Disposals - - - (8,399 ) (8,399 )
At 31 May 2018 369,600 17,802 69,847 274,858 732,107
DEPRECIATION
At 1 June 2017 - 17,802 68,785 154,109 240,696
Charge for year - - 288 53,402 53,690
Eliminated on disposal - - - (8,399 ) (8,399 )
At 31 May 2018 - 17,802 69,073 199,112 285,987
NET BOOK VALUE
At 31 May 2018 369,600 - 774 75,746 446,120
At 31 May 2017 369,600 - 263 86,344 456,207

5. STOCKS
2018 2017
£    £   
Stocks 35,030 35,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 817,993 761,072
Other debtors - 2,040
Prepayments 11,543 6,542
829,536 769,654

Pump Action Ltd (Registered number: SC148802)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 38,277 37,118
Hire purchase contracts 35,071 38,991
Trade creditors 508,561 288,016
Tax (23,169 ) (34,192 )
Social security and other taxes 21,675 32,733
Provision for other creditors 97,099 113,889
VAT 37,533 83,256
Other creditors 9,639 7,619
Directors' current accounts 310,245 210,045
Accrued expenses 50,781 51,923
1,085,712 829,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
More than 1 year 190,396 228,660
Hire purchase contracts 24,644 25,204
215,040 253,864

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 228,673 265,778

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
20,000 Ordinary £1 20,000 20,000

Allotted and issued:
Number: Class: Nominal 2018 2017
value: £    £   
725,000 Share capital 2 £0.01 7,250 7,250

Pump Action Ltd (Registered number: SC148802)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

11. RESERVES
Retained
earnings
£   

At 1 June 2017 262,474
Profit for the year 7,269
Dividends (231,000 )
At 31 May 2018 38,743

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owes to Mr S Gray, a director of the company,
£322,144 (2017 - £210,045). There are no fixed repayment terms and interest is not payable
on this balance.

At the balance sheet date, the company owes to Mr S Lamont,a director of the company,
£100 (2017 - Nil). There are no fixed repayment terms and interest is not payable on this
balance.

13. ULTIMATE CONTROLLING PARTY

The directors have control of the company.