2022-08-01 2023-07-31 00581799 Pump International Limited false 00581799 2022-08-01 2023-07-31 00581799 uk-bus:Director1 2022-08-01 2023-07-31 00581799 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 00581799 uk-bus:SmallEntities 2022-08-01 2023-07-31 00581799 uk-bus:FullAccounts 2022-08-01 2023-07-31 00581799 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 00581799 2022-08-01 00581799 2023-07-31 00581799 2022-07-31 xbrli:pure iso4217:GBP 00581799 2021-08-01 2022-07-31
Company Registration Number : 00581799 (England and Wales)
00581799
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
Pump International Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
Pump International Limited
Unaudited filleted financial statements
For the year ended 31 July 2023
Pump International Limited
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 7


Pump International Limited
Company Information
For the year ended 31 July 2023

Company registration number 00581799 (England and Wales)
Directors Mrs M A Blair
Mr D W Handley
Registered office address Trevoole
Praze
Camborne
Cornwall
TR14 0PJ
Accountant Kitchen and Brown Accountants Ltd
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Pump International Limited
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 115,642 102,825
115,642 102,825
Current assets
Inventories 6 173,644 191,804
Debtors 7 128,708 71,769
Cash and cash equivalents 1,769 4,511
304,122 268,084
Current liabilities
Creditors: Amounts falling due within one year 8 (143,512) (109,933)
Corporation tax payable (1,400) (4,843)
(144,912) (114,777)
Net current assets/(liabilities) 159,209 153,307
Total assets less current liabilities 274,852 256,132
Non-current liabilities
Provision for liabilities 9 (22,000) (19,500)
Net assets/(liabilities) 252,852 236,632
Capital and reserves
Called up share capital 10 98,784 98,784
Share Premium 10 3,526 3,526
Retained earnings 150,542 134,322
Shareholders' funds 252,852 236,632
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 July 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 15 April 2024
.............................
Mr D W Handley (Director)
Company registration number: 00581799
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 115,642 102,825
Current Assets 304,122 268,084
Creditors: amounts falling due within one year (144,912) (114,777)
Net current assets (liabilities) 159,209 153,307
Total assets less current liabilities 274,852 256,132
Provisions for liabilities (22,000) (19,500)
Net Assets (liabilities) 252,852 236,632
Capital and Reserves 252,852 236,632
For the year ending 31/07/2023 the company was entitled to exemption 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. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 15 April 2024 2024-04-18 and signed on behalf of the board,
.............................
Mr D W Handley
Director
Company registration number: 00581799
Pump International Limited
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales, registered number 00581799. The address of the registered office is Trevoole, Praze, Camborne, Cornwall, TR14 0PJ.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared under the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound sterling (£) unless stated otherwise.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, valued added tax and other sales taxes.
Property, plant and equipment
Property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery5% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings15% reducing balance
Equipment33% reducing balance
Motor Cars25% reducing balance
Inventories
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.

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.
Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in the income statement except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Pensions
The company operates two defined pension contribution schemes. Contributions payable to the company's pension schemes are charged to the income statement in the period to which they relate.
Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

(4) Employees
During the year, the average number of employees including director was 6 (2022 : 6).

(5) Tangible fixed assets
Plant and MachineryFixtures and FittingsEquipmentMotor VehiclesTotals
£££££
Cost
As at 01 August 2022295,22933,33045,75313,495387,807
Additions-22,000425-22,425
As at 31 July 2023295,22955,33046,17813,495410,232
Depreciation
As at 01 August 2022196,90232,03542,55713,488284,982
For the year4,9163,4941,19529,607
As at 31 July 2023201,81835,52943,75213,490294,589
Net book value
As at 31 July 202393,41119,8002,4265115,643
As at 31 July 202298,3271,2953,1967102,825

(6) Inventories
2023 2022
£ £
Stock - Materials 173,644 191,804
173,644 191,804

(7) Debtors
Amounts falling due within one year
2023 2022
£ £
Trade debtors 127,524 70,767
Other debtors 1,184 1,002
128,708 71,769

(8) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 36,126 43,761
Bank loans and overdrafts 6,892 -
Other taxes and social security 24,585 9,671
Other creditors 67,909 53,101
Accruals and deferred income 8,000 3,400
143,512 109,933

(9) Provision for liabilities
2023 2022
£ £
Deferred taxation 22,000 19,500
22,000 19,500

(10) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
98,784 (2022 : 98,784) Ordinary Share of £ 1 each98,78498,784
98,784 98,784
Retained earnings 2023
£
At 1 August 2022 134,322
Profit of the year 16,220
At 31 July 2023 150,542
Retained earnings
Called up and fully paid:
Retained earnings 2023
£
At 1 August 2022 134,322
Profit of the year 16,220
At 31 July 2023 150,542

(11) Commitments, guarantees and contingencies
Other financial commitments
At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases which fall due as follows:.
31 July 202331 July 2022
££
Within One year 0 248
Between one and five years0 0
Later than five years0 0
Total 0 248

(12) Stock of materials and work in progress
At 31 July 2023 the company held a stock of materials amounting to £172,678 and work in progress of £966 (2022: £191,384 and £420 respectively).

(13) Other information
The company's assets are held subject to a debenture in favour of the director, Mr David Handley.