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Company Registration No. 05369173 (England and Wales)
S P S Pumps & Engineering Limited Unaudited accounts for the year ended 31 July 2025
S P S Pumps & Engineering Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
489,236
480,707
Current assets
Inventories
124,454
317,371
Debtors
6
576,153
421,507
Cash at bank and in hand
500,798
308,236
1,201,405
1,047,114
Creditors: amounts falling due within one year
7
(363,905)
(301,274)
Net current assets
837,500
745,840
Total assets less current liabilities
1,326,736
1,226,547
Creditors: amounts falling due after more than one year
8
(161,345)
(173,228)
Provisions for liabilities
Deferred tax
(3,671)
(8,732)
Net assets
1,161,720
1,044,587
Capital and reserves
Called up share capital
504
504
Profit and loss account
1,161,216
1,044,083
Shareholders' funds
1,161,720
1,044,587
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by
Paul Edgar Director Company Registration No. 05369173
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S P S Pumps & Engineering Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
S P S Pumps & Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 05369173. The registered office is 9 The Bridge Centre, St. Peters Road, Huntingdon, Cambridgeshire, PE29 7DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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S P S Pumps & Engineering Limited Notes to the Accounts for the year ended 31 July 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
165,400
At 31 July 2025
165,400
Amortisation
At 1 August 2024
165,400
At 31 July 2025
165,400
Net book value
At 31 July 2025
-
Goodwill is being written off in equal installments over its estimated economic life of 5 years.
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
448,269
38,303
113,705
600,277
Additions
-
-
27,966
27,966
Disposals
-
-
(20,035)
(20,035)
At 31 July 2025
448,269
38,303
121,636
608,208
Depreciation
At 1 August 2024
-
36,985
82,585
119,570
Charge for the year
-
383
19,054
19,437
On disposals
-
-
(20,035)
(20,035)
At 31 July 2025
-
37,368
81,604
118,972
Net book value
At 31 July 2025
448,269
935
40,032
489,236
At 31 July 2024
448,269
1,318
31,120
480,707
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S P S Pumps & Engineering Limited Notes to the Accounts for the year ended 31 July 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
549,438
392,915
Other debtors
26,715
28,592
576,153
421,507
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,439
14,101
Trade creditors
192,416
155,760
Taxes and social security
135,654
102,569
Other creditors
23,396
28,844
363,905
301,274
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
161,345
173,228
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Loan advanced during the year. No interest was due.
4,891
4,579
4,891
4,579
4,891
4,579
4,891
4,579
10
Average number of employees
During the year the average number of employees was 16 (2024: 16).
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