Company Registration No. 11253653 (England and Wales)
LONDON BASEMENT PUMPS LIMITED
Unaudited accounts
for the year ended 31 March 2026
LONDON BASEMENT PUMPS LIMITED
Unaudited accounts
Contents
LONDON BASEMENT PUMPS LIMITED
Company Information
for the year ended 31 March 2026
Directors
David Rees
Richard Pearson
Company Number
11253653 (England and Wales)
Registered Office
DITTON HOUSE
59 FLEECE ROAD
LONG DITTON
SURBITON
Surrey
KT6 5JR
UNITED KINGDOM
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LONDON BASEMENT PUMPS LIMITED for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
LONDON BASEMENT PUMPS LIMITED for the year ended
31 March 2026 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Surrey Hills Accountancy Limited
Chartered Accountants
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
26 October 2026
LONDON BASEMENT PUMPS LIMITED
Statement of financial position
as at 31 March 2026
Tangible assets
88,776
124,610
Cash at bank and in hand
79,598
49,649
Creditors: amounts falling due within one year
(83,885)
(69,777)
Net current assets
158,619
127,057
Total assets less current liabilities
247,395
251,667
Creditors: amounts falling due after more than one year
(59,275)
(71,025)
Provisions for liabilities
Deferred tax
(5,964)
(14,135)
Net assets
182,156
166,507
Called up share capital
125
125
Profit and loss account
182,031
166,382
Shareholders' funds
182,156
166,507
For the year ending 31 March 2026 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 3 November 2026 and were signed on its behalf by
David Rees
Director
Company Registration No. 11253653
LONDON BASEMENT PUMPS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
LONDON BASEMENT PUMPS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11253653. The registered office is DITTON HOUSE, 59 FLEECE ROAD, LONG DITTON, SURBITON, Surrey, KT6 5JR, UNITED KINGDOM.
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.
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.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
LONDON BASEMENT PUMPS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
The accounts are presented in £ sterling.
LONDON BASEMENT PUMPS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
410
203,116
200
14,060
217,786
Additions
-
24,921
-
333
25,254
Disposals
-
(40,144)
-
-
(40,144)
At 31 March 2026
410
187,893
200
14,393
202,896
At 1 April 2025
319
82,779
85
9,993
93,176
Charge for the year
91
39,125
20
2,310
41,546
On disposals
-
(20,602)
-
-
(20,602)
At 31 March 2026
410
101,302
105
12,303
114,120
At 31 March 2026
-
86,591
95
2,090
88,776
At 31 March 2025
91
120,337
115
4,067
124,610
Finished goods
36,585
39,433
Amounts falling due within one year
Trade debtors
110,495
82,435
Accrued income and prepayments
3,438
3,210
Other debtors
12,388
22,107
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,506
10,436
Obligations under finance leases and hire purchase contracts
10,489
15,311
Trade creditors
17,584
14,895
Taxes and social security
16,528
6,470
LONDON BASEMENT PUMPS LIMITED
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
59,275
68,374
Allotted, called up and fully paid:
125 Ordinary shares of £1 each of £1 each
125
125
10
Average number of employees
During the year the average number of employees was 9 (2025: 9).