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BASEMENT PUMP SERVICING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASEMENT PUMP SERVICING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P Davie
Mrs J Greer





SECRETARY: Mrs J Greer





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 06008470 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,697 30,057

CURRENT ASSETS
Stocks 5 32,420 26,572
Debtors 6 380,127 287,047
Cash at bank 155,952 163,088
568,499 476,707
CREDITORS
Amounts falling due within one year 7 165,331 136,618
NET CURRENT ASSETS 403,168 340,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,865

370,146

PROVISIONS FOR LIABILITIES 5,090 5,711
NET ASSETS 428,775 364,435

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 9 428,755 364,415
SHAREHOLDERS' FUNDS 428,775 364,435

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

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

BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)

BALANCE SHEET - continued
31ST 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 30th November 2024 and were signed on its behalf by:





Mrs J Greer - Director


BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Basement Pump Servicing 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 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.

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.

BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st April 2023 - 3,432 2,497
Additions 4,886 2,819 -
At 31st March 2024 4,886 6,251 2,497
DEPRECIATION
At 1st April 2023 - 1,789 1,617
Charge for year 977 446 88
At 31st March 2024 977 2,235 1,705
NET BOOK VALUE
At 31st March 2024 3,909 4,016 792
At 31st March 2023 - 1,643 880

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 47,714 13,932 67,575
Additions - 951 8,656
At 31st March 2024 47,714 14,883 76,231
DEPRECIATION
At 1st April 2023 24,911 9,201 37,518
Charge for year 4,561 1,944 8,016
At 31st March 2024 29,472 11,145 45,534
NET BOOK VALUE
At 31st March 2024 18,242 3,738 30,697
At 31st March 2023 22,803 4,731 30,057

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 32,420 26,572

BASEMENT PUMP SERVICING LIMITED (REGISTERED NUMBER: 06008470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 354,869 276,678
Other debtors 5,000 5,000
Prepayments 20,258 5,369
380,127 287,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,159 2,934
Trade creditors 34,257 35,267
Tax 22,281 4,819
Social security and other taxes 6,416 6,834
VAT 34,558 24,125
Other creditors 1,123 1,113
Directors' current accounts 60,410 59,566
Accrued expenses 3,127 1,960
165,331 136,618

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
19 Ordinary A £1 19 19
1 Ordinary B £1 1 1
20 20

9. RESERVES
Retained
earnings
£   

At 1st April 2023 364,415
Profit for the year 64,340
At 31st March 2024 428,755

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £58,996 (2023 - £58,684) to J Greer and £1,413 (2023 - 881) to P Davie, the directors and shareholders of the company .The amount is interest free and repayable on demand.