2015-03-01 true false Private Limited Company 07950933 2016-02-29 07950933 2015-03-01 2016-02-29 07950933 2015-02-28 07950933 2014-03-01 2015-02-28 07950933 uk-bus:Director1 2015-03-01 2016-02-29 07950933 uk-gaap:PlantMachinery 2015-03-01 2016-02-29 iso4217:GBP
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Pump It Limited
For the period ended 29 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07950933
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Contents Page
Pump It Limited
For the period ended 29 February 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
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Pump It Limited
Accountants' Report
For the period ended 29 February 2016
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Pump It Limited for the period ended 29 February 2016 which comprise the Profit and Loss Account,
the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Pump It Limited, as a body, in accordance with the terms of
our engagement letter dated 17 August 2016. Our work has been undertaken solely to prepare for your approval
the accounts of Pump It Limited and state those matters that we have agreed to state to the Board of Directors of
Pump It Limited, as a body, in this report in accordance with the requirements of the Association of Chartered
Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than Pump It Limited and its Board of Directors as a
body for our work or for this report.
It is your duty to ensure that Pump It Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pump It Limited. You
consider that Pump It Limited is exempt from the statutory audit requirement for the year.
The Archetype Accountants Ltd
Unit 1B The Old Chapel
Denbigh Road
Hendre
Mold
CH7 5QL
22 November 2016
Dated:
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Abbreviated Balance Sheet
Pump It Limited
As at 29 February 2016
07950933
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
21,164
28,219
21,164
28,219
Current assets
Debtors
8,941
8,033
Cash at bank and in hand
2,978
2,288
11,011
11,229
Creditors: amounts falling due within one year
(12,735)
(13,322)
(1,506)
(2,311)
Net current liabilities
Total assets less current liabilities
18,853
26,713
Creditors: amounts falling due after more than one year
(15,171)
(6,750)
12,103
Net assets
11,542
Capital and reserves
Called up share capital
10
10
Profit and loss account
12,093
11,532
12,103
11,542
Shareholders funds
For the period ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 22 November 2016
John Martin Austin Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Pump It Limited
For the period ended 29 February 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
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Notes to the Abbreviated Financial Statements
Pump It Limited
For the period ended 29 February 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
34,806
At 01 March 2015
At 29 February 2016
34,806
Depreciation
6,587
At 01 March 2015
7,055
Charge for period
13,642
At 29 February 2016
Net book values
At 29 February 2016
21,164
28,219
At 28 February 2015
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