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CEMPUMP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






CEMPUMP LTD (REGISTERED NUMBER: 07903274)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CEMPUMP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M N L Beardmore
B D Sutton
R Williams
J C Stevens





REGISTERED OFFICE: 180 Derby Road
Denby
Ripley
Derbyshire
DE5 8RD





REGISTERED NUMBER: 07903274 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

CEMPUMP LTD (REGISTERED NUMBER: 07903274)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,875 -
Tangible assets 5 603,490 529,072
Investments 6 60 60
618,425 529,132

CURRENT ASSETS
Stocks 8,000 7,225
Debtors 7 436,465 401,593
Cash at bank and in hand 166,768 121,961
611,233 530,779
CREDITORS
Amounts falling due within one year 8 527,766 496,522
NET CURRENT ASSETS 83,467 34,257
TOTAL ASSETS LESS CURRENT LIABILITIES 701,892 563,389

CREDITORS
Amounts falling due after more than one
year

9

(212,917

)

(183,918

)

PROVISIONS FOR LIABILITIES 11 (150,900 ) (127,700 )
NET ASSETS 338,075 251,771

CAPITAL AND RESERVES
Called up share capital 12 103 103
Retained earnings 337,972 251,668
SHAREHOLDERS' FUNDS 338,075 251,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CEMPUMP LTD (REGISTERED NUMBER: 07903274)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





B D Sutton - Director


CEMPUMP LTD (REGISTERED NUMBER: 07903274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Cempump Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


CEMPUMP LTD (REGISTERED NUMBER: 07903274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 19 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 15,000
At 29 February 2024 15,000
AMORTISATION
Charge for year 125
At 29 February 2024 125
NET BOOK VALUE
At 29 February 2024 14,875

CEMPUMP LTD (REGISTERED NUMBER: 07903274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 966,820 2,788 75,498 4,218 1,049,324
Additions 227,224 234 16,995 2,340 246,793
Disposals (129,701 ) - - - (129,701 )
At 29 February 2024 1,064,343 3,022 92,493 6,558 1,166,416
DEPRECIATION
At 1 March 2023 465,074 1,261 50,859 3,058 520,252
Charge for year 129,628 352 8,335 654 138,969
Eliminated on disposal (96,295 ) - - - (96,295 )
At 29 February 2024 498,407 1,613 59,194 3,712 562,926
NET BOOK VALUE
At 29 February 2024 565,936 1,409 33,299 2,846 603,490
At 28 February 2023 501,746 1,527 24,639 1,160 529,072

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 60
NET BOOK VALUE
At 29 February 2024 60
At 28 February 2023 60

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 158,668 238,851
Other debtors 22,069 24,655
180,737 263,506

Amounts falling due after more than one year:
Amounts owed by group undertakings 255,728 138,087

Aggregate amounts 436,465 401,593

CEMPUMP LTD (REGISTERED NUMBER: 07903274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 167,778 149,807
Trade creditors 210,134 219,967
Taxation and social security 77,167 36,453
Other creditors 72,687 90,295
527,766 496,522

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 202,981 145,827
Other creditors 9,936 38,091
212,917 183,918

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 370,759 295,634

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 150,900 127,700

Deferred
tax
£   
Balance at 1 March 2023 127,700
Provided during year 23,200
Balance at 29 February 2024 150,900

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3
100 Ordinary B £1 100 100
103 103