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REGISTERED NUMBER: 01691673 (England and Wales)















PUMPS AND EQUIPMENT WARWICK LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PUMPS AND EQUIPMENT WARWICK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs P A Simmons
M P Simmons
D A Alexander





REGISTERED OFFICE: 6 Collins Road
Heathcote Industrial Estate
Warwick
Warwickshire
CV34 6TF





REGISTERED NUMBER: 01691673 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 19,719 21,407
Investments 5 25,074 25,074
44,793 46,481

CURRENT ASSETS
Stocks 561,835 556,670
Debtors 6 319,575 406,204
Cash at bank and in hand 134,173 24,409
1,015,583 987,283
CREDITORS
Amounts falling due within one year 7 849,349 837,499
NET CURRENT ASSETS 166,234 149,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,027

196,265

CREDITORS
Amounts falling due after more than one
year

8

(17,944

)

(32,081

)

PROVISIONS FOR LIABILITIES (3,930 ) (3,782 )
NET ASSETS 189,153 160,402

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 179,153 150,402
SHAREHOLDERS' FUNDS 189,153 160,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

BALANCE SHEET - continued
31 DECEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





M P Simmons - Director


PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Pumps And Equipment Warwick 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 104,276 84,431 89,393
Additions - - -
At 31 December 2024 104,276 84,431 89,393
DEPRECIATION
At 1 January 2024 101,350 79,863 87,076
Charge for year 439 685 348
At 31 December 2024 101,789 80,548 87,424
NET BOOK VALUE
At 31 December 2024 2,487 3,883 1,969
At 31 December 2023 2,926 4,568 2,317

PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 19,490 22,469 320,059
Additions - 3,764 3,764
At 31 December 2024 19,490 26,233 323,823
DEPRECIATION
At 1 January 2024 8,526 21,837 298,652
Charge for year 2,741 1,239 5,452
At 31 December 2024 11,267 23,076 304,104
NET BOOK VALUE
At 31 December 2024 8,223 3,157 19,719
At 31 December 2023 10,964 632 21,407

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 19,490
DEPRECIATION
At 1 January 2024 8,526
Charge for year 2,741
At 31 December 2024 11,267
NET BOOK VALUE
At 31 December 2024 8,223
At 31 December 2023 10,964

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 25,074
NET BOOK VALUE
At 31 December 2024 25,074
At 31 December 2023 25,074

PUMPS AND EQUIPMENT WARWICK LIMITED (REGISTERED NUMBER: 01691673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 310,556 381,583
Other debtors 9,019 24,621
319,575 406,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 10,290 10,036
Hire purchase contracts 3,846 3,422
Trade creditors 739,432 719,465
Taxation and social security 83,974 67,937
Other creditors 11,807 36,639
849,349 837,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 8,762 19,052
Hire purchase contracts 9,182 13,029
17,944 32,081

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Hire purchase contracts 13,028 16,451

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments in relation to non-cancellable operating leases as at 31 December 2024 amounted to £90,104 (2023 - £89,257).