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REGISTERED NUMBER: 02925925 (England and Wales)










Financial Statements

for the Year Ended 31 May 2024

for

Pump And Plant Services Limited

Pump And Plant Services Limited (Registered number: 02925925)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Pump And Plant Services Limited

Company Information
for the Year Ended 31 May 2024







Directors: Mr P E Sandy
Mr. A Challenor
Mrs L D Hill
Mr M Sandy





Registered office: Unit 1 Knowle Sands Ind. Estate
Highley Road
Bridgnorth
Shropshire
WV16 5JL





Registered number: 02925925 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pump And Plant Services Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pump And Plant Services Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Pump And Plant Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pump And Plant Services Limited and state those matters that we have agreed to state to the Board of Directors of Pump And Plant Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pump And Plant Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pump And Plant Services Limited. You consider that Pump And Plant Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pump And Plant Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


1 August 2024

Pump And Plant Services Limited (Registered number: 02925925)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,294,359 1,216,392

Current assets
Stocks 188,140 181,232
Debtors 5 347,744 306,504
Cash at bank and in hand 3,302 332,935
539,186 820,671
Creditors
Amounts falling due within one year 6 532,234 582,386
Net current assets 6,952 238,285
Total assets less current liabilities 1,301,311 1,454,677

Creditors
Amounts falling due after more than one
year

7

(586,024

)

(684,988

)

Provisions for liabilities (4,256 ) (4,256 )
Net assets 711,031 765,433

Capital and reserves
Called up share capital 8 10,526 10,526
Share premium 9 8,000 8,000
Retained earnings 9 692,505 746,907
Shareholders' funds 711,031 765,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pump And Plant Services Limited (Registered number: 02925925)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr M Sandy - Director


Pump And Plant Services Limited (Registered number: 02925925)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Pump And Plant Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Hire fleet - 25% on reducing balance
Motor vehicles - 25% 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 balance sheet date.

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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pump And Plant Services Limited (Registered number: 02925925)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase 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.

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 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery Hire fleet vehicles Totals
£ £ £ £ £
Cost
At 1 June 2023 933,122 203,676 649,439 392,691 2,178,928
Additions - 143,703 71,634 11,995 227,332
Disposals - - (235,580 ) - (235,580 )
At 31 May 2024 933,122 347,379 485,493 404,686 2,170,680
Depreciation
At 1 June 2023 99,599 79,951 468,710 314,276 962,536
Charge for year 22,674 32,794 46,238 44,717 146,423
Eliminated on disposal - - (232,638 ) - (232,638 )
At 31 May 2024 122,273 112,745 282,310 358,993 876,321
Net book value
At 31 May 2024 810,849 234,634 203,183 45,693 1,294,359
At 31 May 2023 833,523 123,725 180,729 78,415 1,216,392

Pump And Plant Services Limited (Registered number: 02925925)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 June 2023 21,400
Transfer to ownership (21,400 )
At 31 May 2024 -
Depreciation
At 1 June 2023 16,050
Transfer to ownership (16,050 )
At 31 May 2024 -
Net book value
At 31 May 2024 -
At 31 May 2023 5,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 338,072 294,888
Other debtors 3,904 5,848
Prepayments and accrued income 5,768 5,768
347,744 306,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 182,082 211,551
Hire purchase contracts 28,040 1,813
Trade creditors 194,790 210,628
Corporation tax 41,039 59,325
Social security and other taxes 5,048 5,398
VAT 32,356 28,413
Other creditors 44,638 44,181
Directors' current accounts 141 6,129
Accruals and deferred income 4,100 14,948
532,234 582,386

Pump And Plant Services Limited (Registered number: 02925925)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans more 5 yr by instal 563,502 673,927
Hire purchase contracts 22,522 11,061
586,024 684,988

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 563,502 673,927

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10,526 Ordinary shares 1 10,526 10,526

9. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 June 2023 746,907 8,000 754,907
Profit for the year 699 699
Dividends (55,101 ) (55,101 )
At 31 May 2024 692,505 8,000 700,505

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.