Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30Manufacturing of pumpsThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01false1215truetruefalse 06210424 2023-05-01 2024-04-30 06210424 2022-05-01 2023-04-30 06210424 2024-04-30 06210424 2023-04-30 06210424 2022-05-01 06210424 c:Director1 2023-05-01 2024-04-30 06210424 d:PlantMachinery 2023-05-01 2024-04-30 06210424 d:PlantMachinery 2024-04-30 06210424 d:PlantMachinery 2023-04-30 06210424 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06210424 d:MotorVehicles 2023-05-01 2024-04-30 06210424 d:MotorVehicles 2024-04-30 06210424 d:MotorVehicles 2023-04-30 06210424 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06210424 d:FurnitureFittings 2023-05-01 2024-04-30 06210424 d:FurnitureFittings 2024-04-30 06210424 d:FurnitureFittings 2023-04-30 06210424 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06210424 d:OfficeEquipment 2023-05-01 2024-04-30 06210424 d:OfficeEquipment 2024-04-30 06210424 d:OfficeEquipment 2023-04-30 06210424 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06210424 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06210424 d:CurrentFinancialInstruments 2024-04-30 06210424 d:CurrentFinancialInstruments 2023-04-30 06210424 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 06210424 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 06210424 d:ShareCapital 2024-04-30 06210424 d:ShareCapital 2023-04-30 06210424 d:RetainedEarningsAccumulatedLosses 2024-04-30 06210424 d:RetainedEarningsAccumulatedLosses 2023-04-30 06210424 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 06210424 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06210424 d:RetirementBenefitObligationsDeferredTax 2024-04-30 06210424 d:RetirementBenefitObligationsDeferredTax 2023-04-30 06210424 c:FRS102 2023-05-01 2024-04-30 06210424 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06210424 c:FullAccounts 2023-05-01 2024-04-30 06210424 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06210424 d:WithinOneYear 2024-04-30 06210424 d:WithinOneYear 2023-04-30 06210424 d:BetweenOneFiveYears 2024-04-30 06210424 d:BetweenOneFiveYears 2023-04-30 06210424 6 2023-05-01 2024-04-30 06210424 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 06210424










MSL PUMPS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MSL PUMPS LIMITED
REGISTERED NUMBER: 06210424

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
163,634
227,079

Investments
 5 
35
35

  
163,669
227,114

Current assets
  

Debtors: amounts falling due within one year
 6 
282,841
211,812

Cash at bank and in hand
  
269,424
269,610

  
552,265
481,422

Creditors: amounts falling due within one year
 7 
(285,997)
(226,920)

Net current assets
  
 
 
266,268
 
 
254,502

Total assets less current liabilities
  
429,937
481,616

Provisions for liabilities
  

Deferred tax
 8 
(40,881)
(56,770)

Net assets
  
389,056
424,846


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
388,956
424,746

  
389,056
424,846


Page 1

 
MSL PUMPS LIMITED
REGISTERED NUMBER: 06210424
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 January 2025.


M Radford
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MSL PUMPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

MSL Pumps Limited is a private company limited by shares, incorporated in England and Wales (registered number: 06210424). Its registered office is Unit A1, Holmewood Ind Est, Stainsby Close, Holmewood, Chesterfield, S42 5UG. The principal activity throughout the year continued to be that of manufacturing of pumps & installation. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Page 3

 
MSL PUMPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows. 

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 15).

Page 4

 
MSL PUMPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
160,054
221,250
3,643
2,016
386,963


Additions
-
2,492
-
-
2,492


Disposals
(29,606)
(13,000)
-
-
(42,606)



At 30 April 2024

130,448
210,742
3,643
2,016
346,849



Depreciation


At 1 May 2023
115,015
41,843
2,285
741
159,884


Charge for the year on owned assets
9,989
43,876
339
254
54,458


Disposals
(24,525)
(6,602)
-
-
(31,127)



At 30 April 2024

100,479
79,117
2,624
995
183,215



Net book value



At 30 April 2024
29,969
131,625
1,019
1,021
163,634



At 30 April 2023
45,039
179,407
1,358
1,275
227,079


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
35



At 30 April 2024
35




Page 5

 
MSL PUMPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
277,632
202,348

Other debtors
5,209
9,464

282,841
211,812



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
47,434
53,510

Corporation tax
116,990
62,017

Other taxation and social security
63,216
55,431

Other creditors
7,887
2,622

Accruals and deferred income
50,470
53,340

285,997
226,920



8.


Deferred taxation




2024
2023


£

£






At beginning of year
56,770
39,152


Charged to profit or loss
(15,889)
17,618



At end of year
40,881
56,770

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
40,909
56,770

Pension surplus
(28)
-

40,881
56,770

Page 6

 
MSL PUMPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,331 (2023: £7,864). Contributions totalling £112 (2023: £NIL) were payable to the fund at the balance sheet date and are included in creditors. 


10.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
12,995
-

Later than 1 year and not later than 5 years
50,897
-

63,892
-

 
Page 7