Company registration number 09575966 (England and Wales)
DURA PUMP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DURA PUMP LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
DURA PUMP LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
610,807
423,752
Current assets
Stocks
286,539
296,721
Debtors
6
1,052,767
764,059
Cash at bank and in hand
739,344
907,748
2,078,650
1,968,528
Creditors: amounts falling due within one year
7
(1,124,491)
(1,136,280)
Net current assets
954,159
832,248
Total assets less current liabilities
1,564,966
1,256,000
Creditors: amounts falling due after more than one year
8
(165,858)
(66,731)
Provisions for liabilities
(132,567)
(84,899)
Net assets
1,266,541
1,104,370
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,266,441
1,104,270
Total equity
1,266,541
1,104,370
DURA PUMP LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 August 2025 and are signed on its behalf by:
Mr O Lockett-Ford
Director
Company registration number 09575966 (England and Wales)
DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Dura Pump Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Boughton Fair Lane, Moulton, Northampton, NN3 7RT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements
10% straight line
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance and at varying rates on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
35
29
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
117,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
117,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Tangible fixed assets
Property improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2024
-
0
156,107
83,728
129,887
380,048
749,770
Additions
74,932
14,031
184,353
37,492
21,500
332,308
Disposals
-
0
-
0
-
0
(26,966)
(11,900)
(38,866)
At 31 December 2024
74,932
170,138
268,081
140,413
389,648
1,043,212
Depreciation and impairment
At 1 January 2024
-
0
85,309
63,867
62,124
114,718
326,018
Depreciation charged in the year
2,436
19,634
25,991
22,863
68,790
139,714
Eliminated in respect of disposals
-
0
-
0
-
0
(24,818)
(8,509)
(33,327)
At 31 December 2024
2,436
104,943
89,858
60,169
174,999
432,405
Carrying amount
At 31 December 2024
72,496
65,195
178,223
80,244
214,649
610,807
At 31 December 2023
-
0
70,798
19,861
67,763
265,330
423,752
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
756,215
616,777
Amounts owed by group undertakings
20,896
70,657
Other debtors
275,656
76,625
1,052,767
764,059
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
65,939
Trade creditors
546,006
330,452
Taxation and social security
279,478
298,257
Other creditors
299,007
441,632
1,124,491
1,136,280

Finance leases and hire purchase contracts are secured over the assets concerned.

DURA PUMP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
165,858
66,731
9
Operating lease commitments
As lessee

During the year the company began leasing some new premises to support its growth and expansion plans. The total lease commitments detailed below include annual rent on the new premises of £146,000 per annum up to the date of the lease agreement break clause dated in 2029.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
716,085
206,884

 

10
Related party transactions

Included within other creditors are loans, from the directors and their close family members, totalling £248,592 (2023 - £113,653). The amount falling due after more than one year is £125,000 (2023 - £Nil). A market rate of interest is paid on the loans.

 

Included within debtors due within one year is a loan to the company's parent undertaking of £20,896 (2023 - £70,657). The loan has been made on an interest free basis and has no fixed date for repayment.

 

Also included within debtors is a loan, from a director, totalling £16,996 (2023 - £Nil). The loan has been made on an interest free basis and is repayable on demand.

2024-12-312024-01-01falsefalsefalse06 August 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr J I CalderMr O Lockett-FordMr R CalderMrs L CalderMrs E M CalderMrs J Lockett-FordMrs A J Calder095759662024-01-012024-12-31095759662024-12-31095759662023-12-3109575966core:LandBuildingscore:OwnedOrFreeholdAssets2024-12-3109575966core:PlantMachinery2024-12-3109575966core:FurnitureFittings2024-12-3109575966core:ComputerEquipment2024-12-3109575966core:MotorVehicles2024-12-3109575966core:LandBuildingscore:OwnedOrFreeholdAssets2023-12-3109575966core:PlantMachinery2023-12-3109575966core:FurnitureFittings2023-12-3109575966core:ComputerEquipment2023-12-3109575966core:MotorVehicles2023-12-3109575966core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3109575966core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3109575966core:CurrentFinancialInstruments2024-12-3109575966core:CurrentFinancialInstruments2023-12-3109575966core:Non-currentFinancialInstruments2024-12-3109575966core:Non-currentFinancialInstruments2023-12-3109575966core:ShareCapital2024-12-3109575966core:ShareCapital2023-12-3109575966core:RetainedEarningsAccumulatedLosses2024-12-3109575966core:RetainedEarningsAccumulatedLosses2023-12-3109575966bus:Director22024-01-012024-12-3109575966core:Goodwill2024-01-012024-12-3109575966core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-012024-12-3109575966core:PlantMachinery2024-01-012024-12-3109575966core:FurnitureFittings2024-01-012024-12-3109575966core:ComputerEquipment2024-01-012024-12-3109575966core:MotorVehicles2024-01-012024-12-31095759662023-01-012023-12-3109575966core:NetGoodwill2023-12-3109575966core:NetGoodwill2024-12-3109575966core:NetGoodwill2023-12-3109575966core:LandBuildingscore:OwnedOrFreeholdAssets2023-12-3109575966core:PlantMachinery2023-12-3109575966core:FurnitureFittings2023-12-3109575966core:ComputerEquipment2023-12-3109575966core:MotorVehicles2023-12-31095759662023-12-3109575966core:WithinOneYear2024-12-3109575966core:WithinOneYear2023-12-3109575966bus:PrivateLimitedCompanyLtd2024-01-012024-12-3109575966bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109575966bus:FRS1022024-01-012024-12-3109575966bus:AuditExemptWithAccountantsReport2024-01-012024-12-3109575966bus:Director12024-01-012024-12-3109575966bus:Director32024-01-012024-12-3109575966bus:Director42024-01-012024-12-3109575966bus:Director52024-01-012024-12-3109575966bus:Director62024-01-012024-12-3109575966bus:Director72024-01-012024-12-3109575966bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP