1 May 2022 false No description of principal activity Taxfiler 2023.11.1 03186856business:PrivateLimitedCompanyLtd2022-05-012023-04-30 031868562022-04-30 031868562022-05-012023-04-30 03186856business:AuditExemptWithAccountantsReport2022-05-012023-04-30 03186856business:FilletedAccounts2022-05-012023-04-30 031868562023-04-30 031868562022-04-30 03186856core:WithinOneYear2023-04-30 03186856core:WithinOneYear2022-04-30 03186856core:AfterOneYear2023-04-30 03186856core:AfterOneYear2022-04-30 03186856core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 03186856core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 03186856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 03186856core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 03186856core:PreviouslyStatedAmount2023-04-30 03186856core:PreviouslyStatedAmount2022-04-30 03186856business:SmallEntities2022-05-012023-04-30 03186856business:Director12022-05-012023-04-30 03186856countries:EnglandWales2022-05-012023-04-30 03186856business:RegisteredOffice2022-05-012023-04-30 03186856core:PlantMachinery2022-05-012023-04-30 03186856core:MotorVehicles2022-05-012023-04-30 03186856core:FurnitureFittings2022-05-012023-04-30 03186856core:PlantMachinery2022-04-30 03186856core:MotorVehicles2022-04-30 03186856core:FurnitureFittings2022-04-30 03186856core:PlantMachinery2023-04-30 03186856core:MotorVehicles2023-04-30 03186856core:FurnitureFittings2023-04-30 03186856business:OrdinaryShareClass12022-05-012023-04-30 03186856business:OrdinaryShareClass12021-05-012022-04-30 03186856business:OrdinaryShareClass22022-05-012023-04-30 03186856business:OrdinaryShareClass22021-05-012022-04-30 03186856business:OrdinaryShareClass32022-05-012023-04-30 03186856business:OrdinaryShareClass32021-05-012022-04-30 03186856business:OrdinaryShareClass42022-05-012023-04-30 03186856business:OrdinaryShareClass42021-05-012022-04-30 03186856business:AllOrdinaryShares2022-05-012023-04-30 03186856business:AllOrdinaryShares2021-05-012022-04-30 031868562021-05-012022-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03186856 (England and Wales)
Midland Pumps Limited Unaudited accounts for the year ended 30 April 2023
Midland Pumps Limited Unaudited accounts Contents
Page
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Midland Pumps Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,994 
69,699 
Current assets
Debtors
189,354 
131,716 
Cash at bank and in hand
178,775 
212,426 
368,129 
344,142 
Creditors: amounts falling due within one year
(85,535)
(91,170)
Net current assets
282,594 
252,972 
Total assets less current liabilities
345,588 
322,671 
Creditors: amounts falling due after more than one year
(23,357)
(33,733)
Provisions for liabilities
Deferred tax
(12,033)
(13,243)
Net assets
310,198 
275,695 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
310,048 
275,545 
Shareholders' funds
310,198 
275,695 
For the year ending 30 April 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by
Mr J M Douglas Director Company Registration No. 03186856
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Midland Pumps Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Midland Pumps Limited is a private company, limited by shares, registered in England and Wales, registration number 03186856. The registered office is Unit 21 Colemeadow Road, Moons Moat North Industrial Estate, Redditch, B98 9PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Midland Pumps Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
23,888 
137,442 
13,072 
174,402 
Additions
- 
46,395 
- 
46,395 
Disposals
- 
(67,319)
(13,072)
(80,391)
At 30 April 2023
23,888 
116,518 
- 
140,406 
Depreciation
At 1 May 2022
22,339 
69,292 
13,072 
104,703 
Charge for the year
232 
20,560 
- 
20,792 
On disposals
- 
(35,011)
(13,072)
(48,083)
At 30 April 2023
22,571 
54,841 
- 
77,412 
Net book value
At 30 April 2023
1,317 
61,677 
- 
62,994 
At 30 April 2022
1,549 
68,150 
- 
69,699 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
186,826 
129,358 
Accrued income and prepayments
2,528 
2,358 
189,354 
131,716 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
9,600 
VAT
2,973 
4,232 
Trade creditors
30,630 
31,101 
Taxes and social security
12,557 
21,362 
Accruals
29,375 
24,875 
85,535 
91,170 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,357 
33,733 
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Midland Pumps Limited Notes to the Accounts for the year ended 30 April 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
90 Ordinary shares of £1 each
90 
90 
200 Ordinary 'A' of £0.10 each
20 
20 
200 Ordinary 'B' of £0.10 each
20 
20 
200 Ordinary 'C' of £0.10 each
20 
20 
150 
150 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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