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REGISTERED NUMBER: 06555739 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

MARIS PUMPS LIMITED

MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MARIS PUMPS LIMITED

COMPANY INFORMATION
For The Year Ended 31st July 2023







Director: B Maris





Registered office: Hill Farm
Hassocky Lane
Temple Normanton
Chesterfield
Derbyshire
S42 5DH





Registered number: 06555739 (England and Wales)





Accountant: Thackeray Associates Accountants
102 High Street
New Whittington
Chesterfield
Derbyshire
S43 2AL

MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)

STATEMENT OF FINANCIAL POSITION
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 734,683 820,090

CURRENT ASSETS
Stocks 96,125 82,500
Debtors 5 873,422 600,663
Cash at bank 17,451 52,921
986,998 736,084
CREDITORS
Amounts falling due within one year 6 357,080 372,351
NET CURRENT ASSETS 629,918 363,733
TOTAL ASSETS LESS CURRENT LIABILITIES 1,364,601 1,183,823

CREDITORS
Amounts falling due after more than one
year

7

(67,375

)

(68,915

)

PROVISIONS FOR LIABILITIES (28,129 ) (32,394 )
NET ASSETS 1,269,097 1,082,514

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,268,797 1,082,214
SHAREHOLDER FUNDS 1,269,097 1,082,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)

STATEMENT OF FINANCIAL POSITION - continued
31st July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2024 and were signed by:





B Maris - Director


MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st July 2023

1. STATUTORY INFORMATION

Maris Pumps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
IT equipment and software - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st July 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st August 2022
and 31st July 2023 364,702 222,398 766,128
DEPRECIATION
At 1st August 2022 19,522 18,917 638,849
Charge for year 2,691 4,445 40,526
At 31st July 2023 22,213 23,362 679,375
NET BOOK VALUE
At 31st July 2023 342,489 199,036 86,753
At 31st July 2022 345,180 203,481 127,279

IT
Fixtures equipment
and Motor and
fittings vehicles software Totals
£    £    £    £   
COST
At 1st August 2022
and 31st July 2023 18,152 336,305 10,825 1,718,510
DEPRECIATION
At 1st August 2022 16,517 196,180 8,435 898,420
Charge for year 406 36,742 597 85,407
At 31st July 2023 16,923 232,922 9,032 983,827
NET BOOK VALUE
At 31st July 2023 1,229 103,383 1,793 734,683
At 31st July 2022 1,635 140,125 2,390 820,090

MARIS PUMPS LIMITED (REGISTERED NUMBER: 06555739)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 427,312 425,626
Amounts owed by group undertakings 434,324 163,824
Other debtors 11,786 11,213
873,422 600,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 77,006 81,312
Trade creditors 154,291 198,528
Taxation and social security 55,765 26,276
Other creditors 70,018 66,235
357,080 372,351

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 67,375 68,915