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 (£).The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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. Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. 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 Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. As at 30 November 2024 and 2023, there are no financial instruments that are subsequently measured at fair value.At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.Consolidated Pumps (N.I.) Limited is related to Consolidated Pumps Limited, Pumphouse (Ireland) Limited, Consolidated Pumps (U.K.) Limited and Consolidated Engineering 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. The following balances were due from Consolidated Pumps (N.I.) Limited at year end: Consolidated Pumps Limited £69,093 (2023: £109,953). Pumphouse (Ireland) Limited £3,696 (2023: £2,700). Consolidated Pumps (U.K.) Limited £266 (2023: £266). Consolidated Engineering Limited £8,699 (2023: £8,699) No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.The principal activity of the Company during the year was the sale of pumps and spare parts for pumps to the Northern Ireland market.2023-12-01falsefalse00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI014088 2023-12-01 2024-11-30 NI014088 2022-12-01 2023-11-30 NI014088 2024-11-30 NI014088 2023-11-30 NI014088 1 2023-12-01 2024-11-30 NI014088 d:CompanySecretary1 2023-12-01 2024-11-30 NI014088 d:Director1 2023-12-01 2024-11-30 NI014088 d:Director2 2023-12-01 2024-11-30 NI014088 d:Director3 2023-12-01 2024-11-30 NI014088 d:RegisteredOffice 2023-12-01 2024-11-30 NI014088 d:Agent1 2023-12-01 2024-11-30 NI014088 c:CurrentFinancialInstruments 2023-12-01 2024-11-30 NI014088 c:CurrentFinancialInstruments 2024-11-30 NI014088 c:CurrentFinancialInstruments 2023-11-30 NI014088 c:ShareCapital 2023-12-01 2024-11-30 NI014088 c:ShareCapital 2024-11-30 NI014088 c:ShareCapital 2023-11-30 NI014088 c:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 NI014088 c:RetainedEarningsAccumulatedLosses 2024-11-30 NI014088 c:RetainedEarningsAccumulatedLosses 2023-11-30 NI014088 d:OrdinaryShareClass1 2023-12-01 2024-11-30 NI014088 d:OrdinaryShareClass1 2022-12-01 2023-11-30 NI014088 d:OrdinaryShareClass1 2024-11-30 NI014088 d:OrdinaryShareClass1 2023-11-30 NI014088 d:FRS102 2023-12-01 2024-11-30 NI014088 d:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 NI014088 d:FullAccounts 2023-12-01 2024-11-30 NI014088 d:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel1 2023-12-01 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel1 2022-12-01 2023-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel1 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel1 2023-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel2 2023-12-01 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel2 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel2 2023-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel3 2023-12-01 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel3 2024-11-30 NI014088 c:EntityControlledByKeyManagementPersonnel3 2023-11-30 NI014088 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-01 2024-11-30 NI014088 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-11-30 NI014088 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-11-30 NI014088 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

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Financial Statements
Consolidated Pumps (N.I.) Limited
For the year ended 30 November 2024





































Registered number: NI014088

 
Consolidated Pumps (N.I.) Limited
 

Company Information


Directors
Ronald Tolan 
Mary Tolan 
Raymond Tolan 




Company secretary
Mary Tolan



Registered number
NI014088



Registered office
Forsyth House
Cromac Square

Belfast

BT2 8LA

Northern Ireland




Accountants
Grant Thornton Corporate Finance Limited
Chartered Accountants

13 - 18 City Quay

Dublin 2




Bankers
Danske Bank
PO Box 533

Donegall Square West

Belfast

BT1 5GJ




Solicitors
O'Cochlain & Co Solicitors
Old Blessington Road

Dublin 24





 
Consolidated Pumps (N.I.) Limited
 

Contents



Page
Accountant's Report
1
Statement of Financial Position
2 - 3
Notes to the Financial Statements
4 - 11


  
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Independent Accountant's Report to the directors of the unaudited financial statements of Consolidated Pumps (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) 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 (N.I.) Limited
Registered number:NI014088

Statement of Financial Position
As at 30 November 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
1,660
1,621

Debtors: amounts falling due within one year
 6 
3,081
6,405

Cash at bank and in hand
 7 
164,352
190,026

  
169,093
198,052

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(87,056)
(124,416)

Net current assets
  
 
 
82,037
 
 
73,636

Net assets
  
82,037
73,636


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
 10 
81,037
72,636

Shareholders' funds
  
82,037
73,636


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.

Page 2

 
Consolidated Pumps (N.I.) Limited
Registered number:NI014088

Statement of Financial Position (continued)
As at 30 November 2024

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 4 to 11 form part of these financial statements.

Page 3

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

1.


General information

Consolidated Pumps (N.I.) Limited (the "Company") is a private company limited by shares and incorporated in Northern Ireland. Its registered office is Forsyth House, Cromac Square, Belfast, BT2 8LA, Northern Ireland. The principal activity of the Company during the year was the sale of pumps and spare parts for pumps to the Northern Ireland 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of 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

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.
Page 4

 
Consolidated Pumps (N.I.) Limited
 

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

2.Accounting policies (continued)

 
2.3

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 Statement of Comprehensive Income.

 
2.4

Debtors

Trade debtors are measured at transaction price, less any impairment. Other debtors 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.

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 5

 
Consolidated Pumps (N.I.) Limited
 

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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
Consolidated Pumps (N.I.) Limited
 

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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

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

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including liabilities 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.

 
2.8

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.

Page 7

 
Consolidated Pumps (N.I.) Limited
 

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

2.Accounting policies (continued)


2.8
Foreign currency translation (continued)

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 profit or loss 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 profit or loss within 'other operating income'.

 
2.9

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.

 
2.10

 Taxation

Tax is recognised in profit or 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 reporting 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.
 
Page 8

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

3.Judgments in applying accounting policies and key sources of estimation uncertainty (continued)

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).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
1,660
1,621


Stock recognised in cost of sales during the year as an expense was £20,586 (2023: £41,280).  In the opinion of the directors, the replacement cost of the stock did not differ significantly from the figures above.
An impairment loss of £Nil (2023: £Nil) was recognised in cost of sales against stock during the year.


6.


Debtors: Amounts falling due within one year

2024
2023
£
£


Trade debtors
3,081
6,405


An impairment loss of £Nil (2023: £Nil) was recognised against trade debtors.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
164,352
190,026


Page 9

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

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,758
287

Amounts owed to related parties
81,754
121,618

Corporation tax
2,416
843

Other taxation and social security
741
1,281

Accrued expenses
387
387

87,056
124,416


Trade 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.
VAT and other taxes are repayable at various dates over the coming months in accordance with the applicable statutory provisions.


9.


Share capital

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



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



10.


Reserves

Profit and loss account

Includes all current and prior period retained profits and losses.

Share capital

Issued share capital represents nominal value of shares issued.

Page 10

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

11.


Related party transactions

Consolidated Pumps (N.I.) Limited is related to Consolidated Pumps Limited, Pumphouse (Ireland) Limited, Consolidated Pumps (U.K.) Limited and Consolidated Engineering 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.
 
The following balances were due from Consolidated Pumps (N.I.) Limited at year end:
Consolidated Pumps Limited  £69,093 (2023: £109,953).
Pumphouse (Ireland) Limited  £3,696 (2023: £2,700).
Consolidated Pumps (U.K.) Limited £266 (2023: £266).
Consolidated Engineering Limited £8,699 (2023: £8,699)
No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.


12.


Post balance sheet events

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


13.


Controlling party

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


14.


Approval of financial statements

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


Page 11