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REGISTERED NUMBER: 02900764 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

G. & G. PUMP SERVICES LIMITED

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G. & G. PUMP SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: R Hunt
Mrs F M Hunt





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 02900764 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,964 72,640

CURRENT ASSETS
Stocks 3,250 2,920
Debtors 5 260,184 248,357
Cash at bank 316,296 404,766
579,730 656,043
CREDITORS
Amounts falling due within one year 6 155,304 153,034
NET CURRENT ASSETS 424,426 503,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,390

575,649

PROVISIONS FOR LIABILITIES 8,543 13,802
NET ASSETS 460,847 561,847

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 460,747 561,747
SHAREHOLDERS' FUNDS 460,847 561,847

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

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

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

BALANCE SHEET - continued
31 March 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 8 October 2024 and were signed on its behalf by:





R Hunt - Director


G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

G. & G. Pump 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.
Land and buildings - 15% on cost
Plant and machinery etc - 25% on cost, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

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 9 (2023 - 9 ) .

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 3,052 258,355 261,407
Disposals - (62,433 ) (62,433 )
At 31 March 2024 3,052 195,922 198,974
DEPRECIATION
At 1 April 2023 3,052 185,715 188,767
Charge for year - 27,676 27,676
Eliminated on disposal - (62,433 ) (62,433 )
At 31 March 2024 3,052 150,958 154,010
NET BOOK VALUE
At 31 March 2024 - 44,964 44,964
At 31 March 2023 - 72,640 72,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,984 121,464
Other debtors 51,200 126,893
260,184 248,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,841 64,238
Taxation and social security 105,184 73,938
Other creditors 10,279 14,858
155,304 153,034

G. & G. PUMP SERVICES LIMITED (REGISTERED NUMBER: 02900764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. RELATED PARTY DISCLOSURES

During the year G & G Pump Services Limited, which is owned by Soma Services Limited and which Mr and Mrs Hunt are directors, traded with Soma Services as follows:
2024 2023
£    £   
Purchases from Soma Services Limited nil nil
Balance owing to Soma Services Limited nil nil
Sales to Soma Services Limited 265,482 274,903
Balance due from Soma Services Limited 55,994 36,238

During the year G & G Pump Services Limited, traded with Soma Control Systems Limited, a company of which Mr R Hunt is a director and shareholder, as follows:
2024 2023
£    £   
Purchases from Soma Control Systems Limited 37,614 19,836
Balance owing to Soma Control Systems 4,536 927

A loan of £nil (2023 £nil) was due from Ambleside Cottages Limited a company of which Mr R Hunt and Mrs F Hunt are the directors and shareholders. The loan was written off in 2023.

A loan of £50,000 (2023 £50,000) was due from Lake District Cottages Limited a company of which Mr Richard Hunt is the sole director and Mr Robert Hunt is 50% shareholder.

During the year loans totalling £8,798 (2023 £94,444) were made to Soma Control Systems Limited, Mr R Hunt is the sole director and shareholder. The year end balance was £75,960 (2023 £75,826).

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Soma Services Limited a company of which Mr R Hunt is a director and shareholder.