Company registration number 14106091 (England and Wales)
Dosing & Pumps UK Limited
Unaudited financial statements
For the Period ended 31 May 2023
Dosing & Pumps UK Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Dosing & Pumps UK Limited
Statement of financial position
As at 31 May 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
2
5,973
Cash at bank and in hand
13
5,986
Creditors: amounts falling due within one year
3
(18,242)
Net current liabilities
(12,256)
Capital and reserves
Called up share capital
5,000
Profit and loss reserves
(17,256)
Total equity
(12,256)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial Period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 Period 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.

The financial statements were approved by the board of directors and authorised for issue on 5 April 2024 and are signed on its behalf by:
Ms C  Del buono
Director
Company registration number 14106091 (England and Wales)
Dosing & Pumps UK Limited
Notes to the financial statements
For the Period ended 31 May 2023
- 2 -
1
Accounting policies
Company information

Dosing & Pumps UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Perch, Franklins House, Wesley Lane, Bicester, Oxfordshire, OX26 6JU.

1.1
Reporting period

The accounting period is from the date of incorporation until 31 May 2022.

1.2
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. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Dosing & Pumps UK Limited
Notes to the financial statements (continued)
For the Period ended 31 May 2023
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Debtors
2023
Amounts falling due within one year:
£
Other debtors
5,973
Dosing & Pumps UK Limited
Notes to the financial statements (continued)
For the Period ended 31 May 2023
- 4 -
3
Creditors: amounts falling due within one year
2023
£
Trade creditors
5,332
Other creditors
12,910
18,242
2023-05-312022-05-13false05 April 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMs C DelbuonoMs Y PezzolatoMr S CioniMr R Cionifalse0141060912022-05-132023-05-31141060912023-05-3114106091core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3114106091core:CurrentFinancialInstruments2023-05-3114106091core:ShareCapital2023-05-3114106091core:RetainedEarningsAccumulatedLosses2023-05-3114106091bus:Director12022-05-132023-05-3114106091core:WithinOneYear2023-05-3114106091bus:PrivateLimitedCompanyLtd2022-05-132023-05-3114106091bus:SmallCompaniesRegimeForAccounts2022-05-132023-05-3114106091bus:FRS1022022-05-132023-05-3114106091bus:AuditExemptWithAccountantsReport2022-05-132023-05-3114106091bus:Director22022-05-132023-05-3114106091bus:Director32022-05-132023-05-3114106091bus:Director42022-05-132023-05-3114106091bus:FullAccounts2022-05-132023-05-31xbrli:purexbrli:sharesiso4217:GBP