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REGISTERED NUMBER: SC131586 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Filpumps Limited

Filpumps Limited (Registered number: SC131586)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Filpumps Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Booth
R Mann





REGISTERED OFFICE: 10 Camiestone Road
Thainstone Business Park
Inverurie
Aberdeenshire
AB51 5GT





REGISTERED NUMBER: SC131586 (Scotland)





ACCOUNTANTS: Alpha Business Services Limited
Chartered Accountant
Inverebrie
Ellon
Aberdeenshire
AB41 8PX

Filpumps Limited (Registered number: SC131586)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,475,662 1,486,414

CURRENT ASSETS
Stocks 5 295,489 325,820
Debtors 6 1,300,858 1,250,414
Cash at bank 1,077,474 1,076,985
2,673,821 2,653,219
CREDITORS
Amounts falling due within one year 7 748,346 913,087
NET CURRENT ASSETS 1,925,475 1,740,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,401,137

3,226,546

PROVISIONS FOR LIABILITIES 8 8,745 33,242
NET ASSETS 3,392,392 3,193,304

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Revaluation reserve 9 573,341 573,341
Retained earnings 2,817,851 2,618,763
SHAREHOLDERS' FUNDS 3,392,392 3,193,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Filpumps Limited (Registered number: SC131586)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:





R Mann - Director


Filpumps Limited (Registered number: SC131586)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Filpumps Limited is a private company, limited by shares , registered in Scotland. 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 - at varying rates on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Filpumps Limited (Registered number: SC131586)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 1,300,000 688,396 96,666
Additions - - 14,013
Disposals - - -
At 31 December 2023 1,300,000 688,396 110,679
DEPRECIATION
At 1 January 2023 307,426 433,576 95,521
Charge for year 19,439 61,268 877
Eliminated on disposal - - -
At 31 December 2023 326,865 494,844 96,398
NET BOOK VALUE
At 31 December 2023 973,135 193,552 14,281
At 31 December 2022 992,574 254,820 1,145

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 538,923 69,216 2,693,201
Additions 172,221 - 186,234
Disposals (141,267 ) - (141,267 )
At 31 December 2023 569,877 69,216 2,738,168
DEPRECIATION
At 1 January 2023 332,578 37,686 1,206,787
Charge for year 100,622 6,824 189,030
Eliminated on disposal (133,311 ) - (133,311 )
At 31 December 2023 299,889 44,510 1,262,506
NET BOOK VALUE
At 31 December 2023 269,988 24,706 1,475,662
At 31 December 2022 206,345 31,530 1,486,414

Filpumps Limited (Registered number: SC131586)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 287,249 320,292
Work-in-progress 8,240 5,528
295,489 325,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 397,576 371,575
Amounts owed by group undertakings 846,470 831,830
Other debtors 7,928 4,958
Prepayments 48,884 42,051
1,300,858 1,250,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 355,284 500,052
Tax 148,427 122,739
Social security and other taxes 24,481 23,914
VAT 99,394 144,195
Other creditors 96,391 102,174
Accrued expenses 24,369 20,013
748,346 913,087

All bank borrowings are secured by a bond and floating charge over the assets of the company.There is also a standard security of a first charge over the commercial property at Thainstone, Inverurie.

Obligations under hire purchase and finance lease contracts are secured by the related assets.

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 8,745 33,242

Deferred
tax
£   
Balance at 1 January 2023 33,242
Provided during year (24,497 )
Balance at 31 December 2023 8,745

Filpumps Limited (Registered number: SC131586)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 573,341