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REGISTERED NUMBER: 04361775 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2025

for

Industrial Pumps Limited

Industrial Pumps Limited (Registered number: 04361775)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industrial Pumps Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr D G Stacey
Mr D M Carley
Mrs C Carley
Mrs R H Stacey





REGISTERED OFFICE: Unit E3 Quintec Court
Barbot Hall Industrial Estate
Rotherham
South Yorkshire
S61 4RN





REGISTERED NUMBER: 04361775 (England and Wales)

Industrial Pumps Limited (Registered number: 04361775)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,317 69,911
Tangible assets 5 701,054 690,680
762,371 760,591

CURRENT ASSETS
Stocks 986,871 1,195,936
Debtors 6 2,448,851 1,978,126
Cash at bank and in hand 107,916 94,686
3,543,638 3,268,748
CREDITORS
Amounts falling due within one year 7 3,178,057 2,840,618
NET CURRENT ASSETS 365,581 428,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,952

1,188,721

CREDITORS
Amounts falling due after more than one
year

8

(329,662

)

(484,373

)

PROVISIONS FOR LIABILITIES (122,425 ) (127,148 )
NET ASSETS 675,865 577,200

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 675,864 577,199
SHAREHOLDERS' FUNDS 675,865 577,200

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

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

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Industrial Pumps Limited (Registered number: 04361775)

Balance Sheet - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:




Mr D M Carley - Director



Mr D G Stacey - Director


Industrial Pumps Limited (Registered number: 04361775)

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

1. STATUTORY INFORMATION

Industrial Pumps Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Following the introduction of FRS 102 the company considers that the useful economic life of its existing goodwill is a minimum of 20 years. Therefore from 1st April 2015 the company will amortise the cost over 20 years.

Other goodwill is amortised over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Industrial Pumps Limited (Registered number: 04361775)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company pays employers gross contributions to staff and directors personal pension schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 102,940
AMORTISATION
At 1 April 2024 33,029
Charge for year 8,594
At 31 March 2025 41,623
NET BOOK VALUE
At 31 March 2025 61,317
At 31 March 2024 69,911

Industrial Pumps Limited (Registered number: 04361775)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 200,627 1,234,439 1,435,066
Additions - 201,250 201,250
Disposals - (170,338 ) (170,338 )
At 31 March 2025 200,627 1,265,351 1,465,978
DEPRECIATION
At 1 April 2024 42,459 701,927 744,386
Charge for year 17,270 157,917 175,187
Eliminated on disposal - (154,649 ) (154,649 )
At 31 March 2025 59,729 705,195 764,924
NET BOOK VALUE
At 31 March 2025 140,898 560,156 701,054
At 31 March 2024 158,168 532,512 690,680

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 532,914
Additions 144,480
Transfer to ownership (23,580 )
At 31 March 2025 653,814
DEPRECIATION
At 1 April 2024 174,892
Charge for year 110,546
Transfer to ownership (17,984 )
At 31 March 2025 267,454
NET BOOK VALUE
At 31 March 2025 386,360
At 31 March 2024 358,022

Industrial Pumps Limited (Registered number: 04361775)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,356,936 1,900,150
Amounts owed by group undertakings 18,702 18,885
Other debtors 73,213 59,091
2,448,851 1,978,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 1,345,770 1,050,235
Hire purchase contracts (see note 9) 123,221 109,200
Trade creditors 1,181,375 1,422,275
Taxation and social security 491,609 216,614
Other creditors 36,082 42,294
3,178,057 2,840,618

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 112,575 254,993
Hire purchase contracts (see note 9) 217,087 229,380
329,662 484,373

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 123,221 109,200
Between one and five years 217,087 229,380
340,308 338,580

At 31st March 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £733,429, (2024: £725,424).

Industrial Pumps Limited (Registered number: 04361775)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 1,219,440 899,692
Hire purchase contracts 340,308 338,580
1,559,748 1,238,272

Mortgage Type: ALL ASSETS DEBENTURE
Date Charge Created: 18/12/12
Date Charge Registered: 20/12/12
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: LLOYDS TSB COMMERCIAL FINANCE LIMITED
Amount Secured: ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details: FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

11. RELATED PARTY DISCLOSURES

Industrial Pumps Group Ltd (Parent Company)

Monies were loaned between the companies on an interest free repayable on demand basis.

The balance owing to the company at 31st March 2025: £18,702, (2024:: £18,885) reflected in current assets.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Industrial Pumps Group Ltd (parent company).

The ultimate controlling party is Industrial Pumps Holdings Ltd (ultimate parent company).