Caseware UK (AP4) 2023.0.135 2023.0.135 The 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 and in accordance with the provisions of FRS102 Section 1A – Small Entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).The financial statements are presented in Sterling (£). The Company's functional and presentational currency is Sterling (£).Debt instruments (other than those wholly repayable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. As at 30 November 2024 and 2023, there are no financial instruments that are subsequently measured at fair value.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.Consolidated Pumps (U.K.) Limited is related to Consolidated Pumps Limited, Consolidated Engineering Limited, Pumphouse (Ireland) Limited and Consolidated Pumps (N.I.) Limited through common directors and shareholders. During the year, the Company was charged a management fee of £998 (2023: £4,127) by Consolidated Pumps Limited. No management fee was charged by the Company during the year. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102. The following balances were due from Consolidated Pumps (U.K.) Limited at year end: Pumphouse (Ireland) Limited £11,496 (2023: £11,425). Consolidated Pumps Limited £6,577 (2023: £40,750) The following balances were due to Consolidated Pumps (U.K.) Limited at year end: Consolidated Pumps (N.I.) Limited £197 (2023: £197).2023-12-01falsesale of pumps and spare parts for pumps to the UK market.00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04146578 2023-12-01 2024-11-30 04146578 2022-12-01 2023-11-30 04146578 2024-11-30 04146578 2023-11-30 04146578 1 2023-12-01 2024-11-30 04146578 d:CompanySecretary1 2023-12-01 2024-11-30 04146578 d:Director1 2023-12-01 2024-11-30 04146578 d:Director2 2023-12-01 2024-11-30 04146578 d:Director3 2023-12-01 2024-11-30 04146578 d:RegisteredOffice 2023-12-01 2024-11-30 04146578 d:Agent1 2023-12-01 2024-11-30 04146578 c:CurrentFinancialInstruments 2023-12-01 2024-11-30 04146578 c:CurrentFinancialInstruments 2024-11-30 04146578 c:CurrentFinancialInstruments 2023-11-30 04146578 c:ShareCapital 2023-12-01 2024-11-30 04146578 c:ShareCapital 2024-11-30 04146578 c:ShareCapital 2023-11-30 04146578 c:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 04146578 c:RetainedEarningsAccumulatedLosses 2024-11-30 04146578 c:RetainedEarningsAccumulatedLosses 2023-11-30 04146578 d:OrdinaryShareClass1 2023-12-01 2024-11-30 04146578 d:OrdinaryShareClass1 2022-12-01 2023-11-30 04146578 d:OrdinaryShareClass1 2024-11-30 04146578 d:OrdinaryShareClass1 2023-11-30 04146578 d:FRS102 2023-12-01 2024-11-30 04146578 d:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04146578 d:FullAccounts 2023-12-01 2024-11-30 04146578 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel1 2023-12-01 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel1 2022-12-01 2023-11-30 04146578 c:EntityControlledByKeyManagementPersonnel1 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel1 2023-11-30 04146578 c:EntityControlledByKeyManagementPersonnel2 2023-12-01 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel2 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel2 2023-11-30 04146578 c:EntityControlledByKeyManagementPersonnel3 2023-12-01 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel3 2024-11-30 04146578 c:EntityControlledByKeyManagementPersonnel3 2023-11-30 04146578 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

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Financial Statements
Consolidated Pumps (U.K.) Limited
For the year ended 30 November 2024





































Registered number: 04146578

 
Consolidated Pumps (U.K.) Limited
 

Company Information


Directors
Ronald Tolan 
Mary Tolan 
Raymond Tolan 




Company secretary
Mary Tolan



Registered number
04146578



Registered office
10th Floor 3 Hardman Street

Manchester

M3 3HS

England




Accountants
Grant Thornton Corporate Finance Limited
Chartered Accountants

13 - 18 City Quay

Dublin 2




Bankers
Virgin Money
11 Smithy Row

Nottingham

NG1 3EJ




Solicitors
O'Cochlain & Co Solicitors
Old Blessington Road

Dublin 24





 
Consolidated Pumps (U.K.) Limited
 

Contents



Page
Accountant's Report
1
Statement of Financial Position
2
Notes to the Financial Statements
3 - 9


  
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Independent Accountant's Report to the directors of the unaudited financial statements of Consolidated Pumps (U.K.) Limited for the year ended 30 November 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Consolidated Pumps (U.K.) Limited for the year ended 30 November 2024, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements. 
 
This report is made solely to the directors of Consolidated Pumps (U.K.) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Consolidated Pumps (U.K.) Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Consolidated Pumps (U.K.) Limited and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410  (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board  (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered  Accountants Ireland relating to members undertaking the compilation of financial statements. 

You have approved the financial statements for the year ended 30 November 2024 and you have acknowledged on the Statement of Financial Position as at 30 November 2024 your duty to ensure that Consolidated Pumps (U.K.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Consolidated Pumps (U.K.) Limited is exempt from the statutory audit requirement for the year ended 30 November 2024.

We have not been instructed to carry out an audit or review the financial statements of Consolidated Pumps (U.K.) 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. 




  


Grant Thornton Corporate Finance Limited

Chartered Accountants
13 - 18 City Quay
Dublin 2






Date: 22 August 2025
Page 1

 
Consolidated Pumps (U.K.) Limited
Registered number:04146578

Statement of Financial Position
As at 30 November 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
6,385
6,542

Debtors: amounts falling due within one year
 6 
722
1,095

Cash at bank and in hand
 7 
83,213
107,398

  
90,320
115,035

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(19,233)
(62,131)

Net current assets
  
 
 
71,087
 
 
52,904

Net assets
  
71,087
52,904


Capital and reserves
  

Called up share capital 
 9 
5,000
5,000

Profit and loss account
 10 
66,087
47,904

Shareholders' funds
  
71,087
52,904


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at 30 November 2024 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The 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 and in accordance with the provisions of FRS102 Section 1A – Small Entities. 

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Ronald Tolan
Mary Tolan
Director
Director


Date: 21 August 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
Consolidated Pumps (U.K.) Limited
 
 
Notes to the Financial Statements
For the year ended 30 November 2024

1.


General information

Consolidated Pumps (U.K.) Limited (the "Company") is a private company limited by shares, and incorporated in the United Kingdom. Its registered office is 10th Floor, 3 Hardman Street, Manchester, M3 3HS, England. The principal activity of the Company during the year was the sale of pumps and spare parts for pumps to the UK market.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

During the financial year the Company incurred a profit of £18,183 (2023: loss of £7,242). After reviewing the Company's forecasts and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
Consolidated Pumps (U.K.) Limited
 

Notes to the Financial Statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Other receivables are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Debt instruments (other than those wholly repayable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. 
Page 4

 
Consolidated Pumps (U.K.) Limited
 

Notes to the Financial Statements
For the year ended 30 November 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

As at 30 November 2024 and 2023, there are no financial instruments that are subsequently measured at fair value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including payable to related parties, are measured initially at fair value, inclusive of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Sterling (£).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in Statement of Comprehensive Income within 'other operating income'.

 
2.10

 Operating leases: the Company as lessee

Rentals paid under operating leases are charged to Statement of Comprehensive Income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
Consolidated Pumps (U.K.) Limited
 

Notes to the Financial Statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.11

 Taxation

Tax is recognised in profit and loss, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively..

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



3.


Judgments in applying accounting policies and key sources of estimation uncertainty

When preparing the financial statements, management undertakes a number of judgments, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses.
The following are significant management judgments in applying the accounting policies of the Company that have the most significant effect on the financial statements.

Impairment of other receivables
Adequate amount of allowance is made and provided for specific and groups of accounts where objective evidence of impairment exists. The Company evaluates these accounts based on available facts and circumstances affecting the collectability of the accounts, including, but not limited to, the length of the Company’s relationship with its contracting parties, contracting parties’ current credit status, average age of accounts, settlement experience and historical loss experience.

Determining net realisable value of stocks
Management estimates the net realisable values of stocks, taking into account the most reliable evidence available at each reporting date. The future realisation of these stocks may be affected by future technology or other market-driven changes that may reduce future selling prices.


4.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

During the year, no director received emoluments (2023: £Nil).

Page 6

 
Consolidated Pumps (U.K.) Limited
 
 
Notes to the Financial Statements
For the year ended 30 November 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
6,385
6,542


An impairment loss of £Nil (2023: £2,575) was recognised in cost of sales against stock during the year.

Stock recognised in cost of sales during the year as an expense was £12,926 (2023: £6,796). In the opinion of the directors, the replacement cost of the stock did not differ significantly from the figures above.


6.


Debtors: Amounts falling due within one year

2024
2023
£
£


Trade debtors
525
661

Amounts owed by related parties
197
197

Other debtors
-
237

722
1,095


A general impairment provision of £762 (2023: £762) was recognised against trade debtors.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
83,213
107,398



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,159
1,158

Amounts owed to related parties
18,074
52,175

Accruals and deferred income
-
8,798

19,233
62,131


Trade and other creditors are repayable at various dates over the coming months in accordance with the suppliers' usual and customary credit terms.
Amounts owed to related parties are unsecured, interest free, have no fixed date of repayment and are repayable on demand. 

Page 7

 
Consolidated Pumps (U.K.) Limited
 
 
Notes to the Financial Statements
For the year ended 30 November 2024

9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares of £1.00 each
5,000
5,000



10.


Reserves

Share capital

Issued share capital represents nominal value of shares issued.

Profit and loss account

Includes all current and prior period retained profits and losses. 
 

11.


Related party transactions

Consolidated Pumps (U.K.) Limited is related to Consolidated Pumps LimitedConsolidated Engineering LimitedPumphouse (Ireland) Limited and Consolidated Pumps (N.I.) Limited through common directors and shareholders.
During the year, the Company was charged a management fee of £998 (2023: £4,127) by Consolidated Pumps Limited. No management fee was charged by the Company during the year.
No other transactions with related parties were undertaken such as are required to be disclosed under FRS102.
The following balances were due from Consolidated Pumps (U.K.) Limited at year end:
 
Pumphouse (Ireland) Limited £11,496 (2023: £11,425).
Consolidated Pumps Limited £6,577 (2023: £40,750)

The following balances were due to Consolidated Pumps (U.K.) Limited at year end: 

Consolidated Pumps (N.I.) Limited £197 (2023: £197).


12.


Post balance sheet events

There have been no adjusting events affecting the Company since the year end.


13.


Controlling party

The Company's ultimate controlling party is Ronald Tolan who owns 100% of the issued share capital.

Page 8

 
Consolidated Pumps (U.K.) Limited
 
 
Notes to the Financial Statements
For the year ended 30 November 2024

14.


Approval of financial statements

The board of directors approved these financial statements for issue on 21 August 2025.


Page 9