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REGISTERED NUMBER: 02900764 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

G. & G. PUMP SERVICES LIMITED

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G. & G. PUMP SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: R Hunt
Mrs F M Hunt





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 02900764 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,640 80,071

CURRENT ASSETS
Stocks 2,920 2,640
Debtors 5 248,357 572,830
Cash at bank 404,766 546,517
656,043 1,121,987
CREDITORS
Amounts falling due within one year 6 153,034 195,470
NET CURRENT ASSETS 503,009 926,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,649

1,006,588

PROVISIONS FOR LIABILITIES 13,802 15,214
NET ASSETS 561,847 991,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 561,747 991,274
SHAREHOLDERS' FUNDS 561,847 991,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

BALANCE SHEET - continued
31 March 2023


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 31 October 2023 and were signed on its behalf by:





R Hunt - Director


G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

G. & G. Pump 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 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.
Land and buildings - 15% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance, 15% on reducing balance and 10% 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.

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 9 (2022 - 9 ) .

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 3,052 231,980 235,032
Additions - 26,375 26,375
At 31 March 2023 3,052 258,355 261,407
DEPRECIATION
At 1 April 2022 3,052 151,909 154,961
Charge for year - 33,806 33,806
At 31 March 2023 3,052 185,715 188,767
NET BOOK VALUE
At 31 March 2023 - 72,640 72,640
At 31 March 2022 - 80,071 80,071

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,464 121,876
Other debtors 126,893 450,954
248,357 572,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 64,238 62,255
Taxation and social security 73,938 87,487
Other creditors 14,858 45,728
153,034 195,470

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


7. RELATED PARTY DISCLOSURES

During the year G & G Pump Services Limited, which is owned by Soma Services Limited and which Mr and Mrs Hunt are directors, traded with Soma Services as follows:
2023 2022
£    £   
Purchases from Soma Services Limited nil 612
Balance owing to Soma Services Limited nil 240
Sales to Soma Services Limited 274,903 233,517
Balance due from Soma Services Limited 36,238 29,999

During the year G & G Pump Services Limited, traded with Soma Control Systems Limited, a company of which Mr R Hunt is a director and shareholder, as follows:
2023 2022
£    £   
Purchases from Soma Control Systems Limited 19,836 nil
Balance owing to Soma Control Systems 927 nil

A loan of £nil (2022 £400,000) was due from Ambleside Cottages Limited a company of which Mr R Hunt and Mrs F Hunt are the directors and shareholders. The loan was written off during the year.

A loan of £50,000 (2022 £50,000) was due from Lake District Cottages Limited a company of which Mr R Hunt is the sole director.

During the year loans totalling £94,444 (2022 £nil) were made to Soma Control Systems Limited, Mr R Hunt is the sole director and shareholder. The year end balance was £75,826 (2022 £nil).

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Soma Services Limited a company of which Mr R Hunt is a director and shareholder.