Registered number
07080348
Pump Services W'ton Limited
Unaudited Filleted Accounts
30 June 2024
Pump Services W'ton Limited
Registered number: 07080348
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,285 24,625
Current assets
Stocks 500 500
Debtors 4 82,872 51,832
Cash at bank and in hand 99,136 80,192
182,508 132,524
Creditors: amounts falling due within one year 5 (96,279) (66,574)
Net current assets 86,229 65,950
Total assets less current liabilities 104,514 90,575
Provisions for liabilities (3,500) (5,000)
Net assets 101,014 85,575
Capital and reserves
Called up share capital 100 100
Profit and loss account 100,914 85,475
Shareholders' funds 101,014 85,575
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P M Mason
Director
Approved by the board on 10 December 2024
Pump Services W'ton Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Computers 33% straight line
Fixtures, fittings, tools and equipment 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 4,026 39,295 43,321
At 30 June 2024 4,026 39,295 43,321
Depreciation
At 1 July 2023 2,631 16,065 18,696
Charge for the year 535 5,805 6,340
At 30 June 2024 3,166 21,870 25,036
Net book value
At 30 June 2024 860 17,425 18,285
At 30 June 2023 1,395 23,230 24,625
4 Debtors 2024 2023
£ £
Trade debtors 77,851 50,589
Other debtors 5,021 1,243
82,872 51,832
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 50,052 15,695
Taxation and social security costs 18,217 27,837
Other creditors 28,010 23,042
96,279 66,574
6 Other information
Pump Services W'ton Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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