Registered number: 10042932 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10042932 | ||||||||
BANKERS | ||||||||
BARCLAYS BANK UK plc | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
818,708 | 871,791 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 539,268 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 572,196 | 574,345 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 41,557 | 23,272 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverablre amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Plant And Machinery | straight line10% | |||||||
Commercial Vehicles | reducing balance25% | |||||||
Equipment | straight line10% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2022 | 67,012 | - | 542 | 67,554 | ||||
Additions | - | 15,666 | - | 15,666 | ||||
Disposals | (1,400) | - | - | (1,400) | ||||
At 31/03/2023 | 65,612 | 15,666 | 542 | 81,820 | ||||
Depreciation | ||||||||
At 01/04/2022 | 8,800 | - | 100 | 8,900 | ||||
Disposals | (1,400) | - | - | (1,400) | ||||
For the year | 6,700 | 1,500 | 50 | 8,250 | ||||
At 31/03/2023 | 14,100 | 1,500 | 150 | 15,750 | ||||
Net Book Amounts | ||||||||
At 31/03/2023 | 66,070 | |||||||
At 31/03/2022 | 58,654 | |||||||
3. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 8,553 | 1,184 | ||||||
VAT | 32,877 | 28,276 | ||||||
PAYE control | 1,343 | - | ||||||
Salaries and wages control | 229 | 452 | ||||||
Other debtors | 2,751 | 2,751 | ||||||
AGT Plant and Machinery Hire Ltd | 91,351 | - | ||||||
Prepayments | 32,004 | 34,775 | ||||||
169,108 | 67,438 | |||||||
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 14,088 | 7,094 | ||||||
PAYE control | - | 2,631 | ||||||
Directors current account | 1,022 | 13,756 | ||||||
Loans | 66,100 | 60,100 | ||||||
Property Improvement Services Limited | 107,317 | 47,518 | ||||||
T S Mandair Loan | 35,000 | 15,000 | ||||||
Harmeet Sahoty Loan | 14,700 | - | ||||||
Trade creditors | 13,488 | 164,664 | ||||||
Other creditors | 10,595 | 17,595 | ||||||
Accruals | 4,515 | 4,165 | ||||||
266,825 | 332,523 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
InterBay Commercial loan (secured) >1yr | 565,341 | 565,341 | ||||||
Barclays Bank UK plc - Bounce Back Loan >1yr | 6,855 | 9,004 | ||||||
572,196 | 574,345 | |||||||
7. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 572,196 | 574,345 | ||||||
The InterBay Commercial loan is secured by the property known as The Pump House, Cape Hill, Smethwick, Birmingham which is included in stock - work in progress. | ||||||||
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
8. EMPLOYEES | ||||||||
2023 | 2022 | |||||||
No. | No. | |||||||
Average number of employees | 3 | |||||||
Key management personnel is restricted to that of the director. | ||||||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 4,100 | 205 | ||||||
4,100 | 205 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
11. CONTROLLING PARTY | ||||||||
The company is wholly owned by the director Mr G Singh. | ||||||||
12. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company operates in the building construction sector and is currently engaged in the renovation of property, all of which is carried out within the United Kingdom. | ||||||||
PUMP HOUSE BIRMINGHAM LIMITED | ||||||||
14. GENERAL INFORMATION | ||||||||
Pump House Birmingham Limited is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||