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REGISTERED NUMBER: 09075338 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Pump Design and Services Limited

Pump Design and Services Limited (Registered number: 09075338)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pump Design and Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P Warner
S Challacombe
Mrs T A Challacombe
Mrs J Warner





SECRETARIES: Mrs J Warner
Mrs T A Challacombe





REGISTERED OFFICE: Building 4.6 HiTech
Frimley Business Park
Frimley
Camberley
Surrey
GU16 7SG





REGISTERED NUMBER: 09075338 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Pump Design and Services Limited (Registered number: 09075338)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,579 68,721
73,579 68,721

CURRENT ASSETS
Debtors 6 2,136,054 1,202,892
Cash at bank 243,272 766,235
2,379,326 1,969,127
CREDITORS
Amounts falling due within one year 7 2,089,170 1,736,188
NET CURRENT ASSETS 290,156 232,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,735

301,660

PROVISIONS FOR LIABILITIES 4,881 1,960
NET ASSETS 358,854 299,700

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 43,012 43,012
Retained earnings 315,742 256,588
SHAREHOLDERS' FUNDS 358,854 299,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 29 September 2023 and were signed on its behalf by:





P Warner - Director


Pump Design and Services Limited (Registered number: 09075338)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pump Design and Services 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.

Turnover
Turnover represents the amount derived from ordinary activities undertaken by the business during the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Leasing incentives
The benefits of lease incentives are recognised in profit and loss account over the lease period.

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 18 (2022 - 14 ) .

Pump Design and Services Limited (Registered number: 09075338)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022
and 28 February 2023 10,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Goodwill has arisen on the incorporation of a sole trade on the 24 April 2015.

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 132,906 37,660 48,686 219,252
Additions 3,119 41,412 13,352 57,883
At 28 February 2023 136,025 79,072 62,038 277,135
DEPRECIATION
At 1 March 2022 93,005 24,203 33,323 150,531
Charge for year 33,854 9,807 9,364 53,025
At 28 February 2023 126,859 34,010 42,687 203,556
NET BOOK VALUE
At 28 February 2023 9,166 45,062 19,351 73,579
At 28 February 2022 39,901 13,457 15,363 68,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 194,187 1,076,545
Other debtors 1,941,867 126,347
2,136,054 1,202,892

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 155,524 43,788
Taxation and social security 328,994 268,594
Other creditors 1,604,652 1,423,806
2,089,170 1,736,188

Pump Design and Services Limited (Registered number: 09075338)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 144,285 144,285
Between one and five years 721,475 721,475
In more than five years 96,187 240,492
961,947 1,106,252

9. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of PDAS Holdings Limited.