IRIS Accounts Production v25.4.0.155 SC559893 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC559893 2024-04-30 SC559893 2025-04-30 SC559893 2024-05-01 2025-04-30 SC559893 2023-04-30 SC559893 2023-05-01 2024-04-30 SC559893 2024-04-30 SC559893 ns15:Scotland 2024-05-01 2025-04-30 SC559893 ns14:PoundSterling 2024-05-01 2025-04-30 SC559893 ns10:Director1 2024-05-01 2025-04-30 SC559893 ns10:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC559893 ns10:SmallEntities 2024-05-01 2025-04-30 SC559893 ns10:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 SC559893 ns10:SmallCompaniesRegimeForDirectorsReport 2024-05-01 2025-04-30 SC559893 ns10:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC559893 ns10:FullAccounts 2024-05-01 2025-04-30 SC559893 ns10:Director2 2024-05-01 2025-04-30 SC559893 ns10:RegisteredOffice 2024-05-01 2025-04-30 SC559893 ns5:CurrentFinancialInstruments 2025-04-30 SC559893 ns5:CurrentFinancialInstruments 2024-04-30 SC559893 ns5:Non-currentFinancialInstruments 2025-04-30 SC559893 ns5:Non-currentFinancialInstruments 2024-04-30 SC559893 ns5:ShareCapital 2025-04-30 SC559893 ns5:ShareCapital 2024-04-30 SC559893 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 SC559893 ns5:RetainedEarningsAccumulatedLosses 2024-04-30 SC559893 ns5:PlantMachinery 2024-05-01 2025-04-30 SC559893 ns5:PlantMachinery 2024-04-30 SC559893 ns5:PlantMachinery 2025-04-30 SC559893 ns5:PlantMachinery 2024-04-30 SC559893 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-04-30 SC559893 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 SC559893 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-04-30 SC559893 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-04-30 SC559893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 SC559893 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-04-30 SC559893 ns5:WithinOneYear ns5:HirePurchaseContracts 2025-04-30 SC559893 ns5:WithinOneYear ns5:HirePurchaseContracts 2024-04-30 SC559893 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-04-30 SC559893 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-04-30 SC559893 ns5:HirePurchaseContracts 2025-04-30 SC559893 ns5:HirePurchaseContracts 2024-04-30 SC559893 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-04-30 SC559893 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-04-30 SC559893 ns5:WithinOneYear 2025-04-30 SC559893 ns5:WithinOneYear 2024-04-30 SC559893 ns5:BetweenOneFiveYears 2025-04-30 SC559893 ns5:BetweenOneFiveYears 2024-04-30 SC559893 ns5:AllPeriods 2025-04-30 SC559893 ns5:AllPeriods 2024-04-30 SC559893 ns10:Director2 2 2024-04-30 SC559893 ns10:Director2 2 2023-04-30 SC559893 ns10:Director2 2 2024-05-01 2025-04-30 SC559893 ns10:Director2 2 2023-05-01 2024-04-30 SC559893 ns10:Director2 2 2025-04-30 SC559893 ns10:Director2 2 2024-04-30

REGISTERED NUMBER: SC559893 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Industrial Pumps & Gearboxes Ltd

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Industrial Pumps & Gearboxes Ltd |

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | S B Forrest

| F Davison

| REGISTERED OFFICE: | c/o Gillespie & Anderson

| 147 Bath Street

| Glasgow

| G2 4SN

| REGISTERED NUMBER: | SC559893 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| 147 Bath Street

| Glasgow

| G2 4SN

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 52,684 |  | 69,841 |  |

CURRENT ASSETS

Stocks | 1,770 |  | 1,770 |  |

Debtors | 5 | 614,009 |  | 438,923 |  |

Cash at bank and in hand | 159,936 |  | 182,999 |  |

775,715 |  | 623,692 |  |

CREDITORS

Amounts falling due within one year | 6 | 240,656 |  | 194,293 |  |

NET CURRENT ASSETS | 535,059 |  | 429,399 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 587,743 |  | 499,240 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (20,519 | ) | (25,834 | ) |

PROVISIONS FOR LIABILITIES | (12,765 | ) | (16,202 | ) |

NET ASSETS | 554,459 |  | 457,204 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 554,359 |  | 457,104 |  |

554,459 |  | 457,204 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 & Gearboxes Ltd (Registered number: SC559893) |

Balance Sheet - continued

30 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

S B Forrest - Director

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Industrial Pumps & Gearboxes Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Going concern

| The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

| Significant judgements and estimates

| The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

| Turnover

| Turnover represents net sales of goods and services, excluding value added tax and discounts offered. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33% on reducing balance, 25% on reducing balance and 12.5% on reducing balance

| If any impairment exists, the carrying amount of the asset shall be reduced to its estimated recoverable amount.

| Stocks

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

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

| Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

| Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

| Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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

| 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.

| Employment benefits

| The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Provision for liabilities

| A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024 | 102,827 |  |

| Disposals | (7,975 | ) |

| At 30 April 2025 | 94,852 |  |

| DEPRECIATION

| At 1 May 2024 | 32,986 |  |

| Charge for year | 14,563 |  |

| Eliminated on disposal | (5,381 | ) |

| At 30 April 2025 | 42,168 |  |

| NET BOOK VALUE

| At 30 April 2025 | 52,684 |  |

| At 30 April 2024 | 69,841 |  |

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

| Plant and

| machinery

| etc

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 30,395 |  |

| DEPRECIATION

| At 1 May 2024 | 633 |  |

| Charge for year | 7,441 |  |

| At 30 April 2025 | 8,074 |  |

| NET BOOK VALUE

| At 30 April 2025 | 22,321 |  |

| At 30 April 2024 | 29,762 |  |

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 98,277 |  | 126,781 |  |

| Amounts owed by group undertakings | 509,536 |  | 309,536 |  |

| Other debtors | 6,196 |  | 2,606 |  |

614,009 |  | 438,923 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 5,316 |  | 5,316 |  |

| Trade creditors | 185,595 |  | 137,130 |  |

| Taxation and social security | 47,321 |  | 49,261 |  |

| Other creditors | 2,424 |  | 2,586 |  |

240,656 |  | 194,293 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts (see note 8) | 20,519 |  | 25,834 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2025 | 2024 |

£ | £ |

| Gross obligations repayable:

| Within one year | 6,027 |  | 6,027 |  |

| Between one and five years | 23,265 |  | 29,292 |  |

29,292 |  | 35,319 |  |

| Finance charges repayable:

| Within one year | 711 |  | 711 |  |

| Between one and five years | 2,746 |  | 3,458 |  |

3,457 |  | 4,169 |  |

| Net obligations repayable:

| Within one year | 5,316 |  | 5,316 |  |

| Between one and five years | 20,519 |  | 25,834 |  |

25,835 |  | 31,150 |  |

| Industrial Pumps & Gearboxes Ltd (Registered number: SC559893) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

8. | LEASING AGREEMENTS - continued

| Non-cancellable |

| operating leases |

2025 | 2024 |

£ | £ |

| Within one year | 8,661 |  | 12,964 |  |

| Between one and five years | - |  | 861 |  |

8,661 |  | 13,825 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 25,835 |  | 31,150 |  |

| Hire purchase and finance lease creditors are secured over the the assets to which the finance relates.

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| F Davison

| Balance outstanding at start of year | - |  | 800 |  |

| Amounts repaid | - |  | (800 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| The loan was interest free and repayable on demand.

11. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.