Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03765367 Mr M Taylor Mr M Magee Mrs M Magee Mrs M Magee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03765367 2023-04-30 03765367 2024-04-30 03765367 2023-05-01 2024-04-30 03765367 frs-core:CurrentFinancialInstruments 2024-04-30 03765367 frs-core:Non-currentFinancialInstruments 2024-04-30 03765367 frs-core:BetweenOneFiveYears 2024-04-30 03765367 frs-core:ComputerEquipment 2024-04-30 03765367 frs-core:ComputerEquipment 2023-05-01 2024-04-30 03765367 frs-core:ComputerEquipment 2023-04-30 03765367 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 03765367 frs-core:FurnitureFittings 2024-04-30 03765367 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03765367 frs-core:FurnitureFittings 2023-04-30 03765367 frs-core:NetGoodwill 2024-04-30 03765367 frs-core:NetGoodwill 2023-05-01 2024-04-30 03765367 frs-core:NetGoodwill 2023-04-30 03765367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03765367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03765367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03765367 frs-core:MotorVehicles 2024-04-30 03765367 frs-core:MotorVehicles 2023-05-01 2024-04-30 03765367 frs-core:MotorVehicles 2023-04-30 03765367 frs-core:PlantMachinery 2024-04-30 03765367 frs-core:PlantMachinery 2023-05-01 2024-04-30 03765367 frs-core:PlantMachinery 2023-04-30 03765367 frs-core:WithinOneYear 2024-04-30 03765367 frs-core:ShareCapital 2024-04-30 03765367 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03765367 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03765367 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03765367 frs-bus:SmallEntities 2023-05-01 2024-04-30 03765367 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03765367 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03765367 frs-bus:Director1 2023-05-01 2024-04-30 03765367 frs-bus:Director2 2023-05-01 2024-04-30 03765367 frs-bus:Director3 2023-05-01 2024-04-30 03765367 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03765367 frs-countries:EnglandWales 2023-05-01 2024-04-30 03765367 2022-04-30 03765367 2023-04-30 03765367 2022-05-01 2023-04-30 03765367 frs-core:CurrentFinancialInstruments 2023-04-30 03765367 frs-core:Non-currentFinancialInstruments 2023-04-30 03765367 frs-core:BetweenOneFiveYears 2023-04-30 03765367 frs-core:WithinOneYear 2023-04-30 03765367 frs-core:ShareCapital 2023-04-30 03765367 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03765367
London Pumps Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Elsburys Ltd
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of London Pumps Ltd for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Pumps Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of London Pumps Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of London Pumps Ltd and state those matters that we have agreed to state to the directors of London Pumps Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Pumps Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that London Pumps Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of London Pumps Ltd . You consider that London Pumps Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of London Pumps Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Elsburys Ltd
14/01/2025
Elsburys Ltd
ACCA
Suite 2, 1 Kings Road
Crowthorne
Berkshire
RG45 7BF
Page 1
Page 2
Balance Sheet
Registered number: 03765367
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 263,284 124,186
263,284 124,186
CURRENT ASSETS
Stocks 6 254,183 180,666
Debtors 7 1,760,421 3,072,217
Cash at bank and in hand 1,054,153 471,941
3,068,757 3,724,824
Creditors: Amounts Falling Due Within One Year 8 (1,489,552 ) (1,588,383 )
NET CURRENT ASSETS (LIABILITIES) 1,579,205 2,136,441
TOTAL ASSETS LESS CURRENT LIABILITIES 1,842,489 2,260,627
Creditors: Amounts Falling Due After More Than One Year 9 (362,121 ) (661,875 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,226 ) (26,824 )
NET ASSETS 1,421,142 1,571,928
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,421,042 1,571,828
SHAREHOLDERS' FUNDS 1,421,142 1,571,928
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Magee
Director
14/01/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
London Pumps Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03765367 . The registered office is Unit 7, Beverley Trading Estate, Garth Road, Morden, Surrey, SM4 4LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated isfule life. 
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intagible assets are measured at cost less any accumulated amortisation and any accumulated impairement losses. 
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Freehold 10% straight line
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 20% straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. 
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2023: 48)
48 48
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 11,000
As at 30 April 2024 11,000
Amortisation
As at 1 May 2023 11,000
As at 30 April 2024 11,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
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5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 22,629 61,051 433,890 18,271
Additions 11,753 3,022 179,576 2,334
Disposals - - (17,703 ) -
As at 30 April 2024 34,382 64,073 595,763 20,605
Depreciation
As at 1 May 2023 10,377 60,141 339,365 3,888
Provided during the period 1,985 2,486 55,991 4,612
Disposals - - (17,703 ) -
As at 30 April 2024 12,362 62,627 377,653 8,500
Net Book Value
As at 30 April 2024 22,020 1,446 218,110 12,105
As at 1 May 2023 12,252 910 94,525 14,383
Computer Equipment Total
£ £
Cost
As at 1 May 2023 84,138 619,979
Additions 9,069 205,754
Disposals - (17,703 )
As at 30 April 2024 93,207 808,030
Depreciation
As at 1 May 2023 82,022 495,793
Provided during the period 1,582 66,656
Disposals - (17,703 )
As at 30 April 2024 83,604 544,746
Net Book Value
As at 30 April 2024 9,603 263,284
As at 1 May 2023 2,116 124,186
6. Stocks
2024 2023
£ £
Stock 80,757 71,355
Work in progress 173,426 109,311
254,183 180,666
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 911,979 1,219,411
Other debtors 494,649 69,177
1,406,628 1,288,588
Due after more than one year
Amounts owed by group undertakings 353,793 1,783,629
1,760,421 3,072,217
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 62,341 29,291
Trade creditors 928,941 853,895
Bank loans and overdrafts 226,708 88,340
Other creditors 185,167 443,008
Taxation and social security 86,395 173,849
1,489,552 1,588,383
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 117,246 51,083
Other loans 244,875 610,792
362,121 661,875
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,341 29,291
Later than one year and not later than five years 117,246 51,083
179,587 80,374
179,587 80,374
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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