2023-04-012024-03-312024-03-31false07609030FUTUREPUMP (UK) LTD2024-12-03iso4217:GBPxbrli:pure076090302023-04-01076090302024-03-31076090302023-04-012024-03-31076090302022-04-01076090302023-03-31076090302022-04-012023-03-3107609030bus:SmallEntities2023-04-012024-03-3107609030bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107609030bus:FullAccounts2023-04-012024-03-3107609030bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107609030core:WithinOneYear2024-03-3107609030core:AfterOneYear2024-03-3107609030core:WithinOneYear2023-03-3107609030core:AfterOneYear2023-03-3107609030core:ShareCapital2024-03-3107609030core:SharePremium2024-03-3107609030core:RevaluationReserve2024-03-3107609030core:OtherReservesSubtotal2024-03-3107609030core:RetainedEarningsAccumulatedLosses2024-03-3107609030core:ShareCapital2023-03-3107609030core:SharePremium2023-03-3107609030core:RevaluationReserve2023-03-3107609030core:OtherReservesSubtotal2023-03-3107609030core:RetainedEarningsAccumulatedLosses2023-03-3107609030core:LandBuildings2024-03-3107609030core:PlantMachinery2024-03-3107609030core:Vehicles2024-03-3107609030core:FurnitureFittings2024-03-3107609030core:OfficeEquipment2024-03-3107609030core:NetGoodwill2024-03-3107609030core:IntangibleAssetsOtherThanGoodwill2024-03-3107609030core:ListedExchangeTraded2024-03-3107609030core:UnlistedNon-exchangeTraded2024-03-3107609030core:LandBuildings2023-03-3107609030core:PlantMachinery2023-03-3107609030core:Vehicles2023-03-3107609030core:FurnitureFittings2023-03-3107609030core:OfficeEquipment2023-03-3107609030core:NetGoodwill2023-03-3107609030core:IntangibleAssetsOtherThanGoodwill2023-03-3107609030core:ListedExchangeTraded2023-03-3107609030core:UnlistedNon-exchangeTraded2023-03-3107609030core:LandBuildings2023-04-012024-03-3107609030core:PlantMachinery2023-04-012024-03-3107609030core:Vehicles2023-04-012024-03-3107609030core:FurnitureFittings2023-04-012024-03-3107609030core:OfficeEquipment2023-04-012024-03-3107609030core:NetGoodwill2023-04-012024-03-3107609030core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107609030core:ListedExchangeTraded2023-04-012024-03-3107609030core:UnlistedNon-exchangeTraded2023-04-012024-03-3107609030core:MoreThanFiveYears2023-04-012024-03-3107609030core:Non-currentFinancialInstruments2024-03-3107609030core:Non-currentFinancialInstruments2023-03-3107609030dpl:CostSales2023-04-012024-03-3107609030dpl:DistributionCosts2023-04-012024-03-3107609030core:LandBuildings2023-04-012024-03-3107609030core:PlantMachinery2023-04-012024-03-3107609030core:Vehicles2023-04-012024-03-3107609030core:FurnitureFittings2023-04-012024-03-3107609030core:OfficeEquipment2023-04-012024-03-3107609030dpl:AdministrativeExpenses2023-04-012024-03-3107609030core:NetGoodwill2023-04-012024-03-3107609030core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107609030dpl:GroupUndertakings2023-04-012024-03-3107609030dpl:ParticipatingInterests2023-04-012024-03-3107609030dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107609030core:ListedExchangeTraded2023-04-012024-03-3107609030dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107609030core:UnlistedNon-exchangeTraded2023-04-012024-03-3107609030dpl:CostSales2022-04-012023-03-3107609030dpl:DistributionCosts2022-04-012023-03-3107609030core:LandBuildings2022-04-012023-03-3107609030core:PlantMachinery2022-04-012023-03-3107609030core:Vehicles2022-04-012023-03-3107609030core:FurnitureFittings2022-04-012023-03-3107609030core:OfficeEquipment2022-04-012023-03-3107609030dpl:AdministrativeExpenses2022-04-012023-03-3107609030core:NetGoodwill2022-04-012023-03-3107609030core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107609030dpl:GroupUndertakings2022-04-012023-03-3107609030dpl:ParticipatingInterests2022-04-012023-03-3107609030dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107609030core:ListedExchangeTraded2022-04-012023-03-3107609030dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107609030core:UnlistedNon-exchangeTraded2022-04-012023-03-3107609030core:NetGoodwill2024-03-3107609030core:IntangibleAssetsOtherThanGoodwill2024-03-3107609030core:LandBuildings2024-03-3107609030core:PlantMachinery2024-03-3107609030core:Vehicles2024-03-3107609030core:FurnitureFittings2024-03-3107609030core:OfficeEquipment2024-03-3107609030core:AfterOneYear2024-03-3107609030core:WithinOneYear2024-03-3107609030core:ListedExchangeTraded2024-03-3107609030core:UnlistedNon-exchangeTraded2024-03-3107609030core:ShareCapital2024-03-3107609030core:SharePremium2024-03-3107609030core:RevaluationReserve2024-03-3107609030core:OtherReservesSubtotal2024-03-3107609030core:RetainedEarningsAccumulatedLosses2024-03-3107609030core:NetGoodwill2023-03-3107609030core:IntangibleAssetsOtherThanGoodwill2023-03-3107609030core:LandBuildings2023-03-3107609030core:PlantMachinery2023-03-3107609030core:Vehicles2023-03-3107609030core:FurnitureFittings2023-03-3107609030core:OfficeEquipment2023-03-3107609030core:AfterOneYear2023-03-3107609030core:WithinOneYear2023-03-3107609030core:ListedExchange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FUTUREPUMP (UK) LTD

Registered Number
07609030
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FUTUREPUMP (UK) LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BAYNES, Quentin Arthur
HAMMOND, Toby Alexander

Company Secretary

BAYNES, Quentin Arthur

Registered Address

Unit 1 The Silo
Pirnhow Street
Bungay
NR35 2RU

Registered Number

07609030 (England and Wales)
FUTUREPUMP (UK) LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets41,604477
Investments5-10,483
1,60410,960
Current assets
Stocks617,78148,695
Debtors815,437259,101
Cash at bank and on hand59,39910,204
892,617318,000
Prepayments and accrued income202,403152,668
Creditors amounts falling due within one year7(1,031,763)(416,361)
Net current assets (liabilities)63,25754,307
Total assets less current liabilities64,86165,267
Creditors amounts falling due after one year8(727,422)(622,909)
Provisions for liabilities9(202,403)(152,668)
Net assets(864,964)(710,310)
Capital and reserves
Called up share capital1010
Profit and loss account(864,974)(710,320)
Shareholders' funds(864,964)(710,310)
The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2024, and are signed on its behalf by:
BAYNES, Quentin Arthur
Director
Registered Company No. 07609030
FUTUREPUMP (UK) LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements are prepared on the going concern basis, despite net liabilities. The directors consider this basis to be appropriate on the basis of expected financial performance and have received assurances that the holders of the debt owed by the company will not demand repayment of these loans in the short term. The financial statements do not reflect any adjustments that would be required if this funding and support were not available.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for solar powered water pumps supplied and commissions earned on the sale of these products. Revenue from the sale of goods or commission is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year77
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 23227,309227,309
At 31 March 24227,309227,309
Amortisation and impairment
At 01 April 23227,309227,309
At 31 March 24227,309227,309
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 234204,8785,298
Additions-1,8371,837
Disposals-(514)(514)
At 31 March 244206,2016,621
Depreciation and impairment
At 01 April 231674,6544,821
Charge for year83627710
On disposals-(514)(514)
At 31 March 242504,7675,017
Net book value
At 31 March 241701,4341,604
At 31 March 23253224477
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2310,48310,483
Disposals(10,483)(10,483)
Net book value
At 31 March 24--
At 31 March 2310,48310,483

Notes

1Investments in group undertakings and participating interests
6.Stocks

2024

2023

££
Finished goods17,78148,695
Total17,78148,695
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables340,05272,408
Bank borrowings and overdrafts-100,000
Amounts owed to related parties416,030196,986
Taxation and social security24,49426,197
Payments received on account-7,550
Other creditors184,657-
Accrued liabilities and deferred income66,53013,220
Total1,031,763416,361
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts163,08792,711
Amounts owed to related parties564,335530,198
Total727,422622,909
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)202,403152,668
Total202,403152,668