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REGISTERED NUMBER: 04961529 (England and Wales)














Lincs Pumps & Pipelines Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Lincs Pumps & Pipelines Limited

Company Information
for the Year Ended 31 January 2025







Director: Mr D.A. Webster





Secretary: Mr T Webster





Registered office: Bank House
Broad street
Spalding
Lincolnshire
PE11 1TB





Business address: Winjac
Watergate
Quadring Eaudyke
Spalding
Lincolnshire
PE11 4PY





Registered number: 04961529 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lincs Pumps & Pipelines Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lincs Pumps & Pipelines Limited for the year ended 31 January 2025 which comprise the Statement of income and retained earnings, Statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Lincs Pumps & Pipelines Limited in accordance with the terms of our engagement letter dated 28 June 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Lincs Pumps & Pipelines Limited and state those matters that we have agreed to state to the director of Lincs Pumps & Pipelines Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lincs Pumps & Pipelines Limited and its director for our work or for this report.

It is your duty to ensure that Lincs Pumps & Pipelines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lincs Pumps & Pipelines Limited. You consider that Lincs Pumps & Pipelines Limited 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 financial statements of Lincs Pumps & Pipelines Limited. 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 statutory financial statements.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


27 June 2025

Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Tangible assets 5 17,131 17,581

Current assets
Stocks 23,480 10,000
Debtors 6 97,340 110,519
Cash at bank 182,890 167,223
303,710 287,742
Creditors
Amounts falling due within one year 7 148,406 157,671
Net current assets 155,304 130,071
Total assets less current liabilities 172,435 147,652

Provisions for liabilities 3,058 3,340
Net assets 169,377 144,312

Capital and reserves
Called up share capital 8 100 100
Retained earnings 169,277 144,212
Shareholders' funds 169,377 144,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Statement of Financial Position - continued
31 January 2025


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





Mr D.A. Webster - Director


Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. Statutory information

Lincs Pumps & Pipelines 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on a straight line basis and 15% on reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employees and directors

The average number of employees during the year was 5 (2024 - 4 ) .

5. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2024 36,653 20,145 5,918 62,716
Additions 910 1,100 1,227 3,237
At 31 January 2025 37,563 21,245 7,145 65,953
Depreciation
At 1 February 2024 23,519 17,330 4,286 45,135
Charge for year 2,107 979 601 3,687
At 31 January 2025 25,626 18,309 4,887 48,822
Net book value
At 31 January 2025 11,937 2,936 2,258 17,131
At 31 January 2024 13,134 2,815 1,632 17,581

Lincs Pumps & Pipelines Limited (Registered number: 04961529)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 55,830 61,867
Other debtors 29,272 29,828
Director's loan account 8,002 15,177
Prepayments and accrued income 4,236 3,647
97,340 110,519

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 19,136 43,541
Corporation tax 38,122 26,940
Social security and other taxes 1,501 748
Pension creditor 236 100
Other creditors 79,660 74,251
VAT 4,039 6,846
Accruals and deferred income 5,712 5,245
148,406 157,671

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary shares £1 100 100

9. Director's advances, credits and guarantees

As at 31st January 2025 the directors owed the company an amount of £8,002 (2024 - £15,177) in respect of their current account.

Interest was charged on any overdrawn loan balances at a rate of 2.25%.