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Financial Statements
Consolidated Pumps (N.I.) Limited
For the financial year ended 30 November 2025
Registered number: NI014088
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Consolidated Pumps (N.I.) Limited
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Contents
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Statement of financial position
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Notes to the financial statements
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Independent Accountant's Report to the Directors of the unaudited financial statements of Consolidated Pumps (N.I.) Limited for the financial year ended 30 November 2025
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 financial year ended 30 November 2025, 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 financial year ended 30 November 2025 and you have acknowledged on the Statement of financial position as at 30 November 2025 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 financial year ended 30 November 2025.
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.
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Grant Thornton Corporate Finance Limited
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Chartered Accountants
13 - 18 City Quay
Dublin 2
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Date: 19 August 2026
Page 1
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Consolidated Pumps (N.I.) Limited
Registered number:NI014088
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Statement of financial position
As at 30 November 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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 financial 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 2025 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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 August 2026.
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Ronald Tolan
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Mary Tolan
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The notes on pages 3 to 8 form part of these financial statements.
Page 2
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
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
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 financial statements are presented in Sterling (£).
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
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.
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.
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.
Page 3
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Other debtors are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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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.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS
102 to all of its financial instruments.
Financial asset
Basic financial assets are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
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.
If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Basic financial liabilities, including amounts due to group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Page 4
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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Financial liabilities
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an 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 to liability simultaneously.
Short-term creditors are measured at the transaction price. Other financial liabilities, including liabilities to related parties, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Foreign currency translation
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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.
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'.
Rentals payable under operating leases are charged to profit or loss on a straightline basis over the lease term, unless the rental payments are structured to increase in line with expected general inflation, in which case the increased rentals are recognised as incurred.
Page 5
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
2.Accounting policies (continued)
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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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.
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.
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The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £NIL).
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During the year, no director received emoluments (2024 - £NIL).
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The average monthly number of employees, including directors, during the financial year was 0 (2024 - 0).
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Finished goods and goods for resale
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Stock recognised in cost of sales during the year as an expense was £33,202 (2024 - £20,586). In the opinion of the directors, the replacement cost of the stock did not differ significantly from the figures above.
No impairment loss on stock was recognised in cost of sales during the year (2024 - £NIL).
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Page 6
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
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Debtors: Amounts falling due within one year
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No impairment loss was recognised on trade debtors during the year (2024 - £NIL).
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to related parties
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Other taxation and social security
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Trade and other 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.
Other taxes are repayable at various dates over the coming months in accordance with the applicable statutory provisions.
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Authorised, allotted, called up and fully paid
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1,000 (2024 - 1,000) Ordinary shares of £1.00 each
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Page 7
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Consolidated Pumps (N.I.) Limited
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Notes to the financial statements
For the financial year ended 30 November 2025
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.
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Related party transactions
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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 £1,051 (2024 - £998) 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 £69,883 (2024 - £69,093).
Pumphouse (Ireland) Limited £3,769 (2024 - £3,696).
Consolidated Pumps (U.K.) Limited £266 (2024 - £266).
Consolidated Engineering Limited £8,699 (2024 - £8,699)
No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
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Post balance sheet events
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There were no significant events affecting the Company after the financial year end.
The Company's ultimate controlling party is Ronald Tolan who owns 100% of the issued share capital.
Page 8
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