Company registration number 04799134 (England and Wales)
FLUID PUMPS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
FLUID PUMPS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FLUID PUMPS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
71,856
49,709
Current assets
Stocks
267,637
206,786
Debtors
5
347,886
340,958
Cash at bank and in hand
916,811
635,638
1,532,334
1,183,382
Creditors: amounts falling due within one year
6
(775,715)
(618,308)
Net current assets
756,619
565,074
Total assets less current liabilities
828,475
614,783
Creditors: amounts falling due after more than one year
7
(22,496)
(149,384)
Provisions for liabilities
(17,814)
(12,427)
Net assets
788,165
452,972
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
787,965
452,772
Total equity
788,165
452,972

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FLUID PUMPS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 January 2024
Mr AG Dixon
Director
Company registration number 04799134 (England and Wales)
FLUID PUMPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Fluid Pumps Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Paul's House, 23 Park Square, Leeds, West Yorkshire, United Kingdom, LS1 2ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.
1.4
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.
1.5
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc
33% on cost and 15% on reducing balance
1.6
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.7
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.
FLUID PUMPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.8
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.
1.9
Hire purchase and leasing commitments

Assets obtained under hire purchases contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

 

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

 

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
9
7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
65,000
Amortisation and impairment
At 1 July 2022 and 30 June 2023
65,000
Carrying amount
At 30 June 2023
-
0
At 30 June 2022
-
0
FLUID PUMPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022
80,117
Additions
43,126
At 30 June 2023
123,243
Depreciation and impairment
At 1 July 2022
30,408
Depreciation charged in the year
20,979
At 30 June 2023
51,387
Carrying amount
At 30 June 2023
71,856
At 30 June 2022
49,709
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
329,535
323,270
Amounts owed by group undertakings
144
-
0
Other debtors
18,207
17,688
347,886
340,958
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,001
19,974
Trade creditors
498,536
356,534
Corporation tax
82,838
70,106
Other taxation and social security
97,611
86,655
Other creditors
86,729
85,039
775,715
618,308
FLUID PUMPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,496
32,534
Other creditors
-
0
116,850
22,496
149,384
8
Related party transactions

At 30 June 2023, Mr A G Dixon, a director, was owed an amount of £41,850 (2022: £146,850).

2023-06-302022-07-01false21 January 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr Dixonfalse047991342022-07-012023-06-30047991342023-06-30047991342022-06-3004799134core:OtherPropertyPlantEquipment2023-06-3004799134core:OtherPropertyPlantEquipment2022-06-3004799134core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3004799134core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3004799134core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3004799134core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3004799134core:CurrentFinancialInstruments2023-06-3004799134core:CurrentFinancialInstruments2022-06-3004799134core:Non-currentFinancialInstruments2023-06-3004799134core:Non-currentFinancialInstruments2022-06-3004799134core:ShareCapital2023-06-3004799134core:ShareCapital2022-06-3004799134core:RetainedEarningsAccumulatedLosses2023-06-3004799134core:RetainedEarningsAccumulatedLosses2022-06-3004799134bus:Director12022-07-012023-06-30047991342021-07-012022-06-3004799134core:NetGoodwill2022-06-3004799134core:NetGoodwill2023-06-3004799134core:NetGoodwill2022-06-3004799134core:OtherPropertyPlantEquipment2022-06-3004799134core:OtherPropertyPlantEquipment2022-07-012023-06-3004799134core:WithinOneYear2023-06-3004799134core:WithinOneYear2022-06-3004799134bus:PrivateLimitedCompanyLtd2022-07-012023-06-3004799134bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004799134bus:FRS1022022-07-012023-06-3004799134bus:AuditExemptWithAccountantsReport2022-07-012023-06-3004799134bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP