Pumphaul Ltd NI642006 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is freight transport by road. Digita Accounts Production Advanced 6.30.9574.0 true true NI642006 2022-12-01 2023-11-30 NI642006 2023-11-30 NI642006 bus:OrdinaryShareClass1 2023-11-30 NI642006 core:FinanceLeases core:Non-currentFinancialInstruments 2023-11-30 NI642006 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-11-30 NI642006 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-11-30 NI642006 core:CurrentFinancialInstruments 2023-11-30 NI642006 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI642006 core:Non-currentFinancialInstruments 2023-11-30 NI642006 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 NI642006 core:FurnitureFittingsToolsEquipment 2023-11-30 NI642006 core:MotorVehicles 2023-11-30 NI642006 core:OtherPropertyPlantEquipment 2023-11-30 NI642006 bus:SmallEntities 2022-12-01 2023-11-30 NI642006 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI642006 bus:FilletedAccounts 2022-12-01 2023-11-30 NI642006 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI642006 bus:RegisteredOffice 2022-12-01 2023-11-30 NI642006 bus:Director1 2022-12-01 2023-11-30 NI642006 bus:Director2 2022-12-01 2023-11-30 NI642006 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 NI642006 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI642006 core:FurnitureFittings 2022-12-01 2023-11-30 NI642006 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI642006 core:MotorVehicles 2022-12-01 2023-11-30 NI642006 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 NI642006 core:PlantMachinery 2022-12-01 2023-11-30 NI642006 countries:NorthernIreland 2022-12-01 2023-11-30 NI642006 2022-11-30 NI642006 core:FurnitureFittingsToolsEquipment 2022-11-30 NI642006 core:MotorVehicles 2022-11-30 NI642006 core:OtherPropertyPlantEquipment 2022-11-30 NI642006 2021-12-01 2022-11-30 NI642006 2022-11-30 NI642006 bus:OrdinaryShareClass1 2022-11-30 NI642006 core:FinanceLeases core:Non-currentFinancialInstruments 2022-11-30 NI642006 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-11-30 NI642006 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-11-30 NI642006 core:CurrentFinancialInstruments 2022-11-30 NI642006 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 NI642006 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-11-30 NI642006 core:Non-currentFinancialInstruments 2022-11-30 NI642006 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 NI642006 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2022-11-30 NI642006 core:FurnitureFittingsToolsEquipment 2022-11-30 NI642006 core:MotorVehicles 2022-11-30 NI642006 core:OtherPropertyPlantEquipment 2022-11-30 NI642006 core:PreviouslyStatedAmount 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI642006

Pumphaul Ltd

Filleted Financial Statements

for the Year Ended 30 November 2023

 

Pumphaul Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Pumphaul Ltd

Company Information

Directors

Mr Desmond Nixon

Mr James Nixon

Registered office

44 Wateresk Road
Dundrum
Newcastle
Co Down
BT33 0NW

 

Pumphaul Ltd

(Registration number: NI642006)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

257,972

284,439

Current assets

 

Debtors

5

130,896

135,018

Cash at bank and in hand

 

327,339

136,119

 

458,235

271,137

Creditors: Amounts falling due within one year

(373,027)

(222,874)

Net current assets

 

85,208

48,263

Total assets less current liabilities

 

343,180

332,702

Creditors: Amounts falling due after more than one year

(36,862)

(66,460)

Net assets

 

306,318

266,242

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

306,218

266,142

Shareholders' funds

 

306,318

266,242

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Pumphaul Ltd

(Registration number: NI642006)
Balance Sheet as at 30 November 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 April 2024 and signed on its behalf by:
 

.........................................
Mr Desmond Nixon
Director

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
44 Wateresk Road
Dundrum
Newcastle
Co Down
BT33 0NW

These financial statements were authorised for issue by the Board on 24 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% on cost

Fixtures & Fittings

20% on cost

Motor Vehicles

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2022 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

1,677

595,589

42,498

639,764

Additions

-

67,750

-

67,750

At 30 November 2023

1,677

663,339

42,498

707,514

Depreciation

At 1 December 2022

1,677

322,492

31,156

355,325

Charge for the year

-

87,777

6,440

94,217

At 30 November 2023

1,677

410,269

37,596

449,542

Carrying amount

At 30 November 2023

-

253,070

4,902

257,972

At 30 November 2022

-

273,097

11,342

284,439

5

Debtors

2023
£

2022
£

Trade debtors

124,464

123,868

Other debtors

6,432

11,150

130,896

135,018

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

147,306

157,218

Trade creditors

 

163,335

27,985

Taxation and social security

 

13,659

30,935

Income tax liability

 

29,506

-

Other creditors

 

19,221

6,736

 

373,027

222,874

Due after one year

 

Loans and borrowings

7

36,862

66,460

 

Pumphaul Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Hire purchase contracts

22,889

66,460

Finance lease liabilities

13,973

-

36,862

66,460

Current loans and borrowings

2023
£

2022
£

Hire purchase contracts

74,871

84,466

Other borrowings

72,435

72,752

147,306

157,218

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100