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REGISTERED NUMBER: 00577254 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHARLES AUSTEN PUMPS LIMITED

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


CHARLES AUSTEN PUMPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: W E Shepherd
Mrs P Shepherd





SECRETARY: W E Shepherd





REGISTERED OFFICE: 100 Royston Road
Byfleet
West Byfleet
Surrey
KT14 7NY





REGISTERED NUMBER: 00577254 (England and Wales)





AUDITORS: Jamesons Limited
Chartered Accountants and Statutory Auditors
Jamesons House
Compton Way
Witney
OX28 3AB

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS
The Company is engaged in the development, manufacture and distribution of vacuum pumps and compressors worldwide and can provide both off the shelf units and adapted units designed by the inhouse Research and Development team.

There have been no changes in the company's activities in the year under review. The directors are not aware, at the date of this report, of any likely major changes in the company's activities in the next year.

The Company has maintained a healthy level of sales as a result of the continued investment in new product development and exploiting commercial opportunities created by its new inventions in pump technology.

It is felt that this is a satisfactory result as the Company continues to grow and become stronger in both profitability and asset value.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risk and uncertainties facing the Company are :

Competitive risks
The Company is subject to competitive risks. The Company's strength is managing these risks to diversify its sales into new geographical markets, to closely monitor major competitors within the markets that it trades in and to seek competitive advantage from continuous innovation and product development within the sector.

Political and legislative risk
The Company is subject to political and legislative risks. The Company's strength in managing these risks is demonstrated by its ability to successfully diversify sales into new markets. This diversification mitigates the risk to the Company of any change in legislation for any single market or political uncertainty.

Credit risk
This principally relates to trade receivables which are short-term and without undue concentration. They are subject to a strong credit control process in order to mitigate credit risk.

Conflict in Ukraine
The direct impact of the continued conflict in Ukraine on the financial results of the Company has proved insignificant. Trading was suspended with Russian customers at the end of February 2022. Sales to Ukraine, Belarus and Russia represent 0.0% (2023: 0.0%) of the Company's revenue.

Inflationary pressures
The directors continue to monitor closely the impact of the current inflationary pressures in the economy and have taken steps to mitigate the main pressures arising.


CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

KEY PERFORMANCE INDICATORS
During the year, the company's key financial and other performance indicators were as follows:


2024 2023 Change
£    £    %
Turnover 19,608 20,433 -4.00
Operating profit 5,409 2,924 84.99
EBITDA 5,789 3,283 76.33
Cash 16,740 11,609 44.20
Net Assets 22,736 17,637 28.91
Average number of employees 67 69 -2.90


The Company had another strong year of sales and profit growth. Despite continued downward market price pressures, gross profit margins increased slightly to 42.82% (2023:36.9%) due mainly to lean manufacturing methods, better stock control and a well-balanced sales mix.

STRATEGY
The Company continues to re-invest all profits into improving its' business, increasing production efficiency, financing continued Research and Development into new products and pumping technologies and investing into Patents to protect all of its' Intellectual Property.

ON BEHALF OF THE BOARD:





W E Shepherd - Director


31 January 2025

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of manufacturing pumps.

DIVIDENDS
No dividends will be distributed for the year ended 30 April 2024.

RESEARCH AND DEVELOPMENT
The company continues to invest into ongoing Research & Development particularly in the traditional medical markets.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

W E Shepherd
Mrs P Shepherd

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





W E Shepherd - Director


31 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHARLES AUSTEN PUMPS LIMITED

Opinion
We have audited the financial statements of Charles Austen Pumps Limited (the 'company') for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHARLES AUSTEN PUMPS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHARLES AUSTEN PUMPS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non - compliance with laws and regulations was as follows:
" The engagement partner ensured that the engagement team collectively had appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations:
" We identified the laws and regulations applicable to the company through discussion with directors and informed management and from our commercial knowledge and experience of the industry;
" We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company including Companies Act 2006, taxation legislation, employment legislation and health and safety legislation;
" We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing documentation during the audit; and
" Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance during the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;
" Making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
" Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
" Reviewed the financial statements and records to identify any unusual or unexpected relationships;
" Tested journal entries to identify unusual transactions;
" Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
" Investigated the rationale behind any significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
" Agreeing financial statement disclosures to underlying supporting documentation;
enquiring of management as to actual and potential litigation and claims; and
" Reviewing correspondence with HMRC and other applicable sources.
There are inherent limitations in our audit procedures described above. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquire of the directors and informed management and the inspection of regulatory and legal correspondence if any.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation and there is therefore a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CHARLES AUSTEN PUMPS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Anita Lyon FCA FCCA (Senior Statutory Auditor)
for and on behalf of Jamesons Limited
Chartered Accountants and Statutory Auditors
Jamesons House
Compton Way
Witney
OX28 3AB

31 January 2025

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 3 19,607,975 20,433,347

Cost of sales 11,211,761 12,890,641
GROSS PROFIT 8,396,214 7,542,706

Administrative expenses 3,730,481 5,585,165
4,665,733 1,957,541

Other operating income 742,888 966,947
OPERATING PROFIT 5 5,408,621 2,924,488

Interest receivable and similar income 586,625 223,906
5,995,246 3,148,394

Interest payable and similar expenses 6 11,915 12,944
PROFIT BEFORE TAXATION 5,983,331 3,135,450

Tax on profit 7 884,341 215,439
PROFIT FOR THE FINANCIAL YEAR 5,098,990 2,920,011

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 5,098,990 2,920,011


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 5,098,990 2,920,011

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 2,345,205 2,272,223
Investments 10 3,619 3,619
2,348,824 2,275,842

CURRENT ASSETS
Stocks 11 2,770,748 3,316,560
Debtors 12 9,570,419 8,993,696
Cash at bank and in hand 16,739,614 11,609,256
29,080,781 23,919,512
CREDITORS
Amounts falling due within one year 13 8,437,085 8,333,944
NET CURRENT ASSETS 20,643,696 15,585,568
TOTAL ASSETS LESS CURRENT LIABILITIES 22,992,520 17,861,410

PROVISIONS FOR LIABILITIES 14 256,023 223,903
NET ASSETS 22,736,497 17,637,507

CAPITAL AND RESERVES
Called up share capital 15 4,348 4,348
Share options reserve 16 2,180,572 2,180,572
Retained earnings 16 20,551,577 15,452,587
SHAREHOLDERS' FUNDS 22,736,497 17,637,507

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





W E Shepherd - Director


CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up Share
share Retained options Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2022 4,348 12,532,576 - 12,536,924

Changes in equity
Total comprehensive income - 2,920,011 - 2,920,011
Share options reserve - - 2,180,572 2,180,572
Balance at 30 April 2023 4,348 15,452,587 2,180,572 17,637,507

Changes in equity
Total comprehensive income - 5,098,990 - 5,098,990
Balance at 30 April 2024 4,348 20,551,577 2,180,572 22,736,497

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,640,574 (213,539 )
Interest paid (11,915 ) (12,944 )
Tax paid (631,906 ) (512,171 )
Net cash from operating activities 4,996,753 (738,654 )

Cash flows from investing activities
Purchase of tangible fixed assets (482,874 ) (190,010 )
Sale of tangible fixed assets 29,854 8,544
Interest received 586,625 223,906
Net cash from investing activities 133,605 42,440

Increase/(decrease) in cash and cash equivalents 5,130,358 (696,214 )
Cash and cash equivalents at beginning of year 2 11,609,256 12,305,470

Cash and cash equivalents at end of year 2 16,739,614 11,609,256

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 5,983,331 3,135,450
Depreciation charges 387,961 361,964
Profit on disposal of fixed assets (7,920 ) (3,899 )
EMI options exercised - 2,180,572
Finance costs 11,915 12,944
Finance income (586,625 ) (223,906 )
5,788,662 5,463,125
Decrease/(increase) in stocks 545,812 (602,581 )
Increase in trade and other debtors (576,726 ) (5,954,769 )
(Decrease)/increase in trade and other creditors (117,174 ) 880,686
Cash generated from operations 5,640,574 (213,539 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 16,739,614 11,609,256
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 11,609,256 12,305,470


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank and in hand 11,609,256 5,130,358 16,739,614
11,609,256 5,130,358 16,739,614
Total 11,609,256 5,130,358 16,739,614

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Charles Austen Pumps 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard 102 " The Financial Reporting Standard applicable tin the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.

The financial statements hae been prepared on a going concern basis. The company's business activities, together with principal risks and uncertainties are set out in the Strategic Report and the Company has considered a period of at least 12 months from the date of approval of these financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. It is considered that there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Warranty Provision
Historical warranty spend data is collated across all models and used to estimate the future warranty spend based upon the balance of the warranty period remaining.

Turnover
Turnover is stated net of VAT and any discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 2% on cost
Plant and machinery - 10% on reducing balance and at varying rates on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment where applicable.

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determine on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates three schemes as follows: a) Staff scheme whereby contributions are paid into a separate pension fund independent of the company. Contributions are charged to the profit and loss account when paid. b) Self administered scheme for existing full-time controlling directors with contributions being charged to the profit and loss account when paid. c) Company pensions paid to directors who have reached retirement age and funded out of the normal income of the company.

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Employee benefit trusts
The company has established a trust for the benefit of employees, former employees and certain of their dependents. Monies contributed to this trust are held by independent trustees and managed at their discretion. Subsequent to making a contribution to the trust the company neither has nor seeks to exercise any control over the trustees decisions in applying funds to benefit employees and consequently in the opinion of the directors the provisions of Urgent Issues Task Force Abstract 13 do not apply to it.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2024 2023
£    £   
United Kingdom 5,639,246 5,564,787
Europe 4,427,263 5,076,968
Rest of World 9,541,466 9,791,592
19,607,975 20,433,347

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,703,534 5,586,454
Social security costs 57,306 57,272
Other pension costs 183,832 172,429
3,944,672 5,816,155

The average number of employees during the year was as follows:
2024 2023

Directors 1 1
Management and office 18 20
Manufacturing 48 48
67 69

2024 2023
£    £   
Directors' remuneration 88,000 88,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 387,958 361,965
Profit on disposal of fixed assets (7,920 ) (3,899 )
Auditors' remuneration 19,500 18,350
Auditors' remuneration for non audit work 10,500 9,950
Foreign exchange differences (667,085 ) (934,715 )

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Loan 11,870 12,944
Corporation tax interest 45 -
11,915 12,944

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 852,221 276,201
provision - (92,613 )
Total current tax 852,221 183,588

Deferred tax 32,120 31,851
Tax on profit 884,341 215,439

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 5,983,331 3,135,450
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 -
19.493%)

1,495,833

611,193

Effects of:
Expenses not deductible for tax purposes (242,590 ) (62,039 )
Capital allowances in excess of depreciation (20,317 ) -
Depreciation in excess of capital allowances - 19,860
Adjustments to tax charge in respect of previous periods - (92,613 )

R&D enhanced expenditure (375,000 ) (292,395 )
Deferred tax 32,119 31,851
Group relief (5,704 ) (418 )
Total tax charge 884,341 215,439

8. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 May 2023
and 30 April 2024 1,277
AMORTISATION
At 1 May 2023
and 30 April 2024 1,277
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 1,918,685 630 2,361,254
Additions - - 356,385
Disposals - - (90,355 )
At 30 April 2024 1,918,685 630 2,627,284
DEPRECIATION
At 1 May 2023 649,018 338 1,635,283
Charge for year 39,279 12 235,885
Eliminated on disposal - - (84,155 )
At 30 April 2024 688,297 350 1,787,013
NET BOOK VALUE
At 30 April 2024 1,230,388 280 840,271
At 30 April 2023 1,269,667 292 725,971

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 166,928 294,735 443,318 5,185,550
Additions 6,537 106,632 13,320 482,874
Disposals - (56,314 ) (1,228 ) (147,897 )
At 30 April 2024 173,465 345,053 455,410 5,520,527
DEPRECIATION
At 1 May 2023 90,886 228,728 309,074 2,913,327
Charge for year 30,002 32,599 50,181 387,958
Eliminated on disposal - (40,580 ) (1,228 ) (125,963 )
At 30 April 2024 120,888 220,747 358,027 3,175,322
NET BOOK VALUE
At 30 April 2024 52,577 124,306 97,383 2,345,205
At 30 April 2023 76,042 66,007 134,244 2,272,223

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 May 2023
and 30 April 2024 3,619
NET BOOK VALUE
At 30 April 2024 3,619
At 30 April 2023 3,619

11. STOCKS
2024 2023
£    £   
Stocks 2,770,748 3,316,560

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,826,449 1,886,515
Amounts owed by group undertakings 3,892,829 3,378,102
Other debtors 3,464,211 3,388,081
Prepayments 386,930 340,998
9,570,419 8,993,696

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,636,481 2,638,724
Amounts owed to group undertakings 1,158,951 1,186,485
Tax 402,221 181,906
Social security and other taxes 146,336 90,796
Other creditors 414,219 405,709
Accrued expenses 3,678,877 3,830,324
8,437,085 8,333,944

14. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 256,023 223,903

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 223,903
Provided during year 32,120
Balance at 30 April 2024 256,023

15. CALLED UP SHARE CAPITAL

Allotted, issued: and fully paid
Number Class Nominal: 2023 2022
value: £ £
4,348 Ordinary £1 - -
3,508 A Ordinary £1 3,508 3,508
360 B Ordinary £1 360 360
480 C Ordinary £1 480 480
4,348 4,348

16. RESERVES
Share
Retained options
earnings reserve Totals
£    £    £   

At 1 May 2023 15,452,587 2,180,572 17,633,159
Profit for the year 5,098,990 - 5,098,990
At 30 April 2024 20,551,577 2,180,572 22,732,149

17. ULTIMATE PARENT COMPANY

Blue Diamond Pumps Limited is regarded by the directors as being the company's ultimate parent company.

18. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
2024 2023
£    £   
Interest charged on outstanding loans 9,802 10,231
Rent paid to related party 161,120 160,439
Rent received from related parties 23,300 28,040
Trade debtor amounts due from related parties (360,017 ) 344,308
Sales to related party 7,167,309 6,721,562
Management charged by related party 84,000 84,000
Loans due from related parties 3,463,523 2,928,805

CHARLES AUSTEN PUMPS LIMITED (REGISTERED NUMBER: 00577254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

18. RELATED PARTY DISCLOSURES - continued

Entities over which the entity has control, joint control or significant influence
2024 2023
£    £   
Loans due to related parties 1,158,950 1,186,485
Trade creditor balance due to related party 329,693 189,516
Purchases from related party 497,488 678,183
Loans due from related parties 175,565 139,581
Amount due from related party 3,717,264 3,322,411

The controlling party is W E Shepherd.