REGISTERED NUMBER: SC348734 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

QUEST PUMPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A D Cooke

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC348734 (Scotland)

FIXED ASSETS

Tangible assets

4

384,118

385,153

CURRENT ASSETS

Stocks

376,563

480,818

Debtors

5

1,004,387

1,657,681

Cash at bank

2,524,561

1,070,289

3,905,511

3,208,788

CREDITORS

Amounts falling due within one year

6

638,584

592,309

NET CURRENT ASSETS

3,266,927

2,616,479

TOTAL ASSETS LESS CURRENT LIABILITIES

3,651,045

3,001,632

CREDITORS

Amounts falling due after more than one year

7

29,600

69,320

NET ASSETS

3,621,445

2,932,312

CAPITAL AND RESERVES

Called up share capital

7,000

7,000

Capital redemption reserve

3,000

3,000

Retained earnings

3,611,445

2,922,312

SHAREHOLDERS' FUNDS

3,621,445

2,932,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 September 2025 and were signed by:

A D Cooke - Director

1.	STATUTORY INFORMATION

Quest Pumps Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

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.

Hire purchase and leasing commitments

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

147,936

393,221

80,825

245,522

867,504

Additions

-

96,973

8,768

32,860

138,601

Disposals

-

-

-

(33,000

)

(33,000

)

At 31 December 2024

147,936

490,194

89,593

245,382

973,105

DEPRECIATION

At 1 January 2024

138,575

203,846

71,452

68,478

482,351

Charge for year

2,853

65,756

3,059

41,018

112,686

Eliminated on disposal

-

-

-

(6,050

)

(6,050

)

At 31 December 2024

141,428

269,602

74,511

103,446

588,987

NET BOOK VALUE

At 31 December 2024

6,508

220,592

15,082

141,936

384,118

At 31 December 2023

9,361

189,375

9,373

177,044

385,153

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

320,801

943,186

Amounts owed by participating interests

405,953

405,953

Other debtors

277,633

308,542

1,004,387

1,657,681

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

24,636

23,764

Trade creditors

158,569

120,197

Taxation and social security

386,066

276,846

Other creditors

69,313

171,502

638,584

592,309

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

24,600

54,380

Other creditors

5,000

14,940

29,600

69,320

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A D Cooke.