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Registration number: 13866993

NT Cloke Pumps And Water Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

NT Cloke Pumps And Water Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

NT Cloke Pumps And Water Ltd

Company Information

Directors

Mr Nicholas Cloke

Ms Rebecca Robinson

Registered office

Unit 1
Linwood Workshops
Linwood Lane
Leicester
LE2 6QJ

 

NT Cloke Pumps And Water Ltd

(Registration number: 13866993)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

158,133

48,406

Current assets

 

Stocks

6

19,877

20,416

Debtors

7

285,714

150,219

Cash at bank and in hand

 

198,182

156,832

 

503,773

327,467

Creditors: Amounts falling due within one year

8

(206,734)

(154,548)

Net current assets

 

297,039

172,919

Total assets less current liabilities

 

455,172

221,325

Creditors: Amounts falling due after more than one year

8

(97,056)

(17,476)

Net assets

 

358,116

203,849

Capital and reserves

 

Called up share capital

9

3

3

Retained earnings

358,113

203,846

Shareholders' funds

 

358,116

203,849

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................
Mr Nicholas Cloke
Director

 

NT Cloke Pumps And Water Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1
Linwood Workshops
Linwood Lane
Leicester
LE2 6QJ

These financial statements were authorised for issue by the Board on 9 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NT Cloke Pumps And Water Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

NT Cloke Pumps And Water Ltd

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

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 6).

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

14,206

14,715

 

NT Cloke Pumps And Water Ltd

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

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 February 2024

-

8,785

22,689

44,288

Additions

4,048

641

5,209

123,440

Disposals

-

-

(7,275)

(8,000)

At 31 January 2025

4,048

9,426

20,623

159,728

Depreciation

At 1 February 2024

-

3,314

9,067

14,975

Charge for the year

810

1,525

3,616

8,255

Eliminated on disposal

-

-

(2,910)

(2,960)

At 31 January 2025

810

4,839

9,773

20,270

Carrying amount

At 31 January 2025

3,238

4,587

10,850

139,458

At 31 January 2024

-

5,471

13,622

29,313

Total
£

Cost or valuation

At 1 February 2024

75,762

Additions

133,338

Disposals

(15,275)

At 31 January 2025

193,825

Depreciation

At 1 February 2024

27,356

Charge for the year

14,206

Eliminated on disposal

(5,870)

At 31 January 2025

35,692

Carrying amount

At 31 January 2025

158,133

At 31 January 2024

48,406

 

NT Cloke Pumps And Water Ltd

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

6

Stocks

2025
£

2024
£

Other inventories

19,877

20,416

7

Debtors

Current

2025
£

2024
£

Trade debtors

246,033

119,679

Other debtors

39,681

30,540

 

285,714

150,219

 

NT Cloke Pumps And Water Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

22,940

5,992

Trade creditors

 

48,037

-

Taxation and social security

 

93,844

91,631

Other creditors

 

41,913

56,925

 

206,734

154,548

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

97,056

17,476

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

Ordinary B share of £1 each

1

1

1

1

 

3

3

3

3

10

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

11,484

17,476

Hire purchase contracts

85,572

-

97,056

17,476

 

NT Cloke Pumps And Water Ltd

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

2025
£

2024
£

Current loans and borrowings

Bank borrowings

5,992

5,992

Hire purchase contracts

16,948

-

22,940

5,992