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REGISTERED NUMBER: 03528153 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

PRESTIGE PUMPS LIMITED

PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE PUMPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: D Moxon
M Walker





SECRETARY: M Walker





REGISTERED OFFICE: Unit 9
Innovation Square
Green Lane
Featherstone
West Yorkshire
WF7 6NX





REGISTERED NUMBER: 03528153 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,086 65,612

CURRENT ASSETS
Stocks 105,810 47,989
Debtors 5 351,411 454,941
Cash at bank and in hand 1,121,656 774,085
1,578,877 1,277,015
CREDITORS
Amounts falling due within one year 6 734,004 654,394
NET CURRENT ASSETS 844,873 622,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,959

688,233

PROVISIONS FOR LIABILITIES 4,720 5,980
NET ASSETS 897,239 682,253

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve (17,065 ) (17,065 )
Retained earnings 913,304 698,318
SHAREHOLDERS' FUNDS 897,239 682,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

BALANCE SHEET - continued
31 MARCH 2022


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 9 August 2022 and were signed on its behalf by:




D Moxon - Director



M Walker - Director


PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Prestige Pumps 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.

The principal activity of the company in the year under review was that of the supply of pumps, spare parts and ancillary products.

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 presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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 etc - 33% on reducing balance, 25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 165,307
DEPRECIATION
At 1 April 2021 99,695
Charge for year 8,526
At 31 March 2022 108,221
NET BOOK VALUE
At 31 March 2022 57,086
At 31 March 2021 65,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 341,231 443,036
Other debtors 10,180 11,905
351,411 454,941

PRESTIGE PUMPS LIMITED (REGISTERED NUMBER: 03528153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 530,749 503,582
Taxation and social security 169,801 123,275
Other creditors 33,454 27,537
734,004 654,394

7. RELATED PARTY DISCLOSURES

Included in creditors at the year end were the following amounts owed to directors and shareholders:
D Moxon £600 (2021: £4,243 Debtor)
M Walker £600 (2021: £570 Debtor)
Director loans are interest free and have no fixed terms of repayment.

At the year end a balance of £9,869 (2021: £369) was due from Prestige Valve & Engineering Supplies Limited, a company in which D Moxon and M Walker are also directors. This balance is included within other debtors.