Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetrue9truetruetruetruetruetrueNo description of principal activityfalse102023-01-01truefalse 04548322 2023-01-01 2023-12-31 04548322 2022-01-01 2022-12-31 04548322 2023-12-31 04548322 2022-12-31 04548322 2022-01-01 04548322 c:Director1 2023-01-01 2023-12-31 04548322 d:Buildings 2023-12-31 04548322 d:Buildings 2022-12-31 04548322 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04548322 d:Buildings d:LongLeaseholdAssets 2023-12-31 04548322 d:Buildings d:LongLeaseholdAssets 2022-12-31 04548322 d:PlantMachinery 2023-01-01 2023-12-31 04548322 d:PlantMachinery 2023-12-31 04548322 d:PlantMachinery 2022-12-31 04548322 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04548322 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04548322 d:FurnitureFittings 2023-01-01 2023-12-31 04548322 d:FurnitureFittings 2023-12-31 04548322 d:FurnitureFittings 2022-12-31 04548322 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04548322 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04548322 d:OfficeEquipment 2023-01-01 2023-12-31 04548322 d:OfficeEquipment 2023-12-31 04548322 d:OfficeEquipment 2022-12-31 04548322 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04548322 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04548322 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04548322 d:OtherPropertyPlantEquipment 2023-12-31 04548322 d:OtherPropertyPlantEquipment 2022-12-31 04548322 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04548322 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04548322 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04548322 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04548322 d:CurrentFinancialInstruments 2023-12-31 04548322 d:CurrentFinancialInstruments 2022-12-31 04548322 d:Non-currentFinancialInstruments 2023-12-31 04548322 d:Non-currentFinancialInstruments 2022-12-31 04548322 d:Non-currentFinancialInstruments 3 2023-12-31 04548322 d:Non-currentFinancialInstruments 3 2022-12-31 04548322 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04548322 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04548322 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04548322 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04548322 d:ShareCapital 2023-12-31 04548322 d:ShareCapital 2022-12-31 04548322 d:RetainedEarningsAccumulatedLosses 2023-12-31 04548322 d:RetainedEarningsAccumulatedLosses 2022-12-31 04548322 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04548322 c:OrdinaryShareClass1 2023-12-31 04548322 c:OrdinaryShareClass1 2022-12-31 04548322 c:OrdinaryShareClass2 2023-01-01 2023-12-31 04548322 c:OrdinaryShareClass2 2023-12-31 04548322 c:OrdinaryShareClass2 2022-12-31 04548322 c:OrdinaryShareClass3 2023-01-01 2023-12-31 04548322 c:OrdinaryShareClass3 2023-12-31 04548322 c:OrdinaryShareClass3 2022-12-31 04548322 c:FRS101 2023-01-01 2023-12-31 04548322 c:Audited 2023-01-01 2023-12-31 04548322 c:FullAccounts 2023-01-01 2023-12-31 04548322 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04548322 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04548322 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04548322 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04548322 2 2023-01-01 2023-12-31 04548322 d:CurrentFinancialInstruments 7 2023-12-31 04548322 d:CurrentFinancialInstruments 7 2022-12-31 04548322 d:Buildings d:Right-of-useAssets 2023-01-01 2023-12-31 04548322 d:Buildings d:Right-of-useAssets 2022-01-01 2022-12-31 04548322 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04548322










WHISPER PUMPS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023
 


 
WHISPER PUMPS LIMITED
REGISTERED NUMBER: 04548322

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
70,226
81,426

Current assets
  

Stocks
 6 
211,200
158,836

Debtors: amounts falling due after more than one year
 7 
-
600,000

Debtors: amounts falling due within one year
 7 
750,757
230,744

Cash at bank and in hand
 8 
121,347
92,413

  
1,083,304
1,081,993

Creditors: amounts falling due within one year
 9 
(404,844)
(413,998)

Net current assets
  
 
 
678,460
 
 
667,995

Total assets less current liabilities
  
748,686
749,421

  

Creditors: amounts falling due after more than one year
 10 
(44,758)
(58,562)

  
703,928
690,859

Provisions for liabilities
  

Deferred taxation
 12 
(4,091)
(2,521)

  
 
 
(4,091)
 
 
(2,521)

  

Net assets
  
699,837
688,338


Capital and reserves
  

Called up share capital 
 13 
10,000
10,000

Profit and loss account
  
689,837
678,338

  
699,837
688,338


Page 1

 
WHISPER PUMPS LIMITED
REGISTERED NUMBER: 04548322

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Terry
Director

Date: 13 June 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Whisper Pumps Limited is a private limited company incorporated and domiciled in the United Kingdom. The address of the registered office is 2 Chawley Park, Cumnor Hill, Oxford, OX2 9GG. The principal activity of the Company in the period under review was that of the wholesale of water pumps and industrial and engineering products.
The Company's trading address is Leen Court, Boughton, Newark, Nottinghamshire, NG22 9ZD. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 101 'Reduced Disclosure Framework'  and the Companies Act 2006.

The financial statements are rounded to the nearest whole pound Sterling.

The preparation of financial statements in compliance with FRS 101 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 101 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions under FRS 101:
the requirements of IFRS 7 Financial Instruments: Disclosures
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to (c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of IFRS 16 Leases. The requirements of paragraph 58 of IFRS 16, provided that the disclosure of details in indebtedness relating to amounts payable after 5 years required by company law is presented separately for lease liabilities and other liabilities, and in total
the requirement in paragraph 38 of IAS 1 'Presentation of Financial Statements' to present comparative information in respect of:
 - paragraph 79(a)(iv) of IAS 1;
 - paragraph 73(e) of IAS 16 Property, Plant and Equipment;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134-136 of IAS 1 Presentation of Financial Statements
the requirements of IAS 7 Statement of Cash Flows
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
the requirements of paragraph 17 and 18A of IAS 24 Related Party Disclosures
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member

This information is included in the consolidated financial statements of Flowmax Limited as at 31 December 2023 and these financial statements may be obtained from the Registrar of Companies.

Page 3

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised on the satisfaction of performance obligations, such as the transfer of a promised good, identified in the contract between the Company and the customer.

A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

 
2.5

Leases

The Company as a lessee

The Company assesses whether a contract is or contains a lease, at inception of a contract. The Company recognises a right-of-use asset and a corresponding lease liability with respect to all lease agreements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate. Incremental rate used by the
Company equals that of its borrowings, the cost of capital to the Company.

Page 4

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Leases (continued)

Lease payments included in the measurement of the lease liability comprise:

fixed lease payments (including in-substance fixed payments), less any lease incentives;


The lease liability is included in 'Creditors' on the Balance Sheet.

The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.

The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.

The right-of-use assets are included in the Tangible Fixed Assets in the Balance Sheet.

The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in note 2.10.

As a practical expedient, IFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has not used this practical expedient.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Long-term leasehold property
-
33%
straight line
Plant and machinery
-
15%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance
Right of use assets
-
Straight line over lease term

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Creditors are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The Company makes estimates and assumptions concerning the future and judgements in applying the Company's accounting policies. The resulting accounting estimates will, by definition, seldom equal the actual results. The following estimates and assumptions have a significant risk of causing a material adjustment to the carrying value of assets and liabilities within the next financial year:

Provisions for doubtful debts
Management provides for doubtful debts on the perceived risk profile and payment history of the debtor.
Provisions for slow moving, damaged or obsolete stock
There is a provision to write stock down to the lower of cost and net realisable value. Management have made estimates of the selling price and direct costs to sell on certain stock items. The write down is included in the operating profit note.
Leases
IFRS 16 requires the Company to account for its leases as right-of-use assets over the life of the lease agreement. The present value of the lease liability on inception requires management to assess various factors including the discount rate and the life of the lease and the extent to which any options to extend or break the lease are exercised. These factors have a resulting impact in determining the present value of the lease liability on inception.


4.


Employees

The average monthly number of employees, including the Directors, during the year was as follows:


        2023
        2022
            No.
            No.







Sales and administration
7
7



Directors
2
3

9
10

Page 8

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Right-of-use assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
30,896
13,143
34,363
25,560
95,147
199,109


Additions
-
767
-
3,000
-
3,767



At 31 December 2023

30,896
13,910
34,363
28,560
95,147
202,876



Depreciation


At 1 January 2023
30,896
10,183
26,262
22,673
27,669
117,683


Charge for the year on owned assets
-
492
1,215
1,281
-
2,988


Charge for the year on right-of-use assets
-
-
-
-
11,979
11,979



At 31 December 2023

30,896
10,675
27,477
23,954
39,648
132,650



Net book value



At 31 December 2023
-
3,235
6,886
4,606
55,499
70,226



At 31 December 2022
-
2,960
8,101
2,887
67,478
81,426


The net book value of owned and leased assets included as "Tangible fixed assets" in the Balance Sheet is as follows:

2023
2022
£
£


Tangible fixed assets owned
14,727
13,948

Right-of-use tangible fixed assets
55,499
67,478

70,226
81,426

Information about right-of-use assets is summarised below:

Net book value

2023
2022
£
£

Property
55,499
67,478

Page 9

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           5.Tangible fixed assets (continued)

Depreciation charge for the year ended

2023
2022
£
£

Property
11,979
15,206


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
211,200
158,836


Inventories above included a provision of £30,675 (2022: £23,206) for slow moving and obsolete stock.



7.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
-
600,000


2023
2022
£
£

Due within one year

Trade debtors
112,171
164,793

Amounts owed by group undertakings
600,000
453

Other debtors
34,081
61,097

Prepayments and accrued income
4,505
4,401

750,757
230,744


Included in amounts owed by group undertakings are loans totalling £600,000 that are unsecured, repayable in full by 31 December 2024 and non-interest bearing.
Other amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.


8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
121,347
92,413


Page 10

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Contract liabilities
33,285
58,394

Trade creditors
123,765
98,417

Amounts owed to group undertakings
-
1,105

Corporation tax
84,551
74,863

Other taxation and social security
79,383
78,763

Lease liabilities
13,803
13,429

Other creditors
31,180
60,920

Accruals and deferred income
38,877
28,107

404,844
413,998


Amounts owed to group undertakings are unsecured, non-interest bearing and repayable on demand.


10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Lease liabilities
44,758
58,562



11.

Leases

Company as a lessee

The Company leases its principal place of business. The periodic rent is fixed over the lease term.

Lease liabilities are due as follows:

2023
2022
£
£

Within 1 year
13,803
13,429

1-5 yrs
44,758
58,562

58,561
71,991


The following amounts in respect of leases, where the Company is a lessee, have been recognised in profit or loss:

2023
2022
£
£

IFRS 16 interest expense
1,776
2,140

The total cash outflow with respect to above leases was £15,206 (2022: £15,206).

Page 11

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,521)
(2,521)


Charged to profit or loss
(1,570)
-



At end of year
(4,091)
(2,521)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,091)
(2,521)


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,900 (2022 - 1,900) Ordinary A shares of £1.00 each
1,900
1,900
500 (2022 - 500) Ordinary B shares of £1.00 each
500
500
7,600 (2022 - 7,600) Ordinary C shares of £1.00 each
7,600
7,600

10,000

10,000

Ordinary A, Ordinary B and Ordinary C shares have full and equal voting rights and rights to dividends and capital distributions.



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,469 (2022: £7,860). Contributions totalling £1,114 (2022: £838) were payable to the fund at the balance sheet date and are included in creditors.

Page 12

 
WHISPER PUMPS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

15.


Related party transactions

During the year ended 31 December 2023, the Company undertook the following transactions with group companies. 

2023
2022
£
£
Purchases from group companies

42,266

34,009
 
Sales to group companies

12,864

27,964
 
Recharges from group companies

27,433

23,990
 
82,563

85,963
 

At the year end the Company owed £Nil (2022: £1,105) to group companies
At the year end the Company was owed £600,000 (2022: £600,453) from group companies.
During the year ended 31 December 2023, the Company paid dividends totalling £547,500 (2022: £580,000) to its shareholders.


16.


Controlling party

The Company is a subsidiary undertaking of Centre Tank Services Limited, a company incorporated in England and Wales. 
The Directors regard Flowmax Limited as the smallest group and SA Bias Industries (Pty) Limited, a company registered in South Africa, as the largest group within which the subsidiary belongs and for which group accounts are prepared.  Flowmax Limited's registered office is 2 Chawley Park, Cumnor Hill, Oxford, OX2 9GG. Copies of the Flowmax Limited group accounts are available from the Registrar of Companies.


17.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 13 June 2024 by James Pitt BA BFP FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.

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