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Draft
Pump It Limited
Registered Number:07950933
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 28 February 2017
Pump It Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
As at 28 February 2017
Pump It Limited
Statement of Financial Position
Registered Number :
07950933
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
14,357
21,164
2
14,357
21,164
Current assets
Trade and other receivables
8,033
730
3
2,978
Cash and cash equivalents
4,370
5,100
11,011
Trade and other payables: amounts falling due within one
year
(13,322)
(26,137)
4
(2,311)
(21,037)
Net current liabilities
Total assets less current liabilities
(6,680)
18,853
Trade and other payables: amounts falling due after more
than one year
(6,750)
-
5
(6,680)
Net assets/liabilities
12,103
Capital and reserves
Called up share capital
10
10
Retained earnings
(6,690)
12,093
(6,680)
12,103
Shareholders' funds
For the year ended 28 February 2017 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
John Martin Austin Director
These financial statements were approved and authorised for issue by the Board on 24 November 2017 and were signed by:
The notes form part of these financial statements
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4
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For the year ended 28 February 2017
Pump It Limited
Notes to the Financial Statements
Statutory Information
Pump It Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
07950933.
Registered address:
Erw Mau
Wern Y Gaer
Rhosesmor
Mold
CH7 6PP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
Draft
For the year ended 28 February 2017
Pump It Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 March 2016
34,806
-
34,806
14,000
10,000
4,000
Additions
-
(26,348)
Disposals
(26,348)
At 28 February 2017
12,458
10,000
22,458
Provision for depreciation and impairment
At 01 March 2016
13,642
-
13,642
Charge for year
4,786
2,500
2,286
(10,327)
-
(10,327)
On disposal
At 28 February 2017
8,101
2,500
5,601
At 28 February 2017
Net book value
6,857
7,500
14,357
At 29 February 2016
21,164
-
21,164
3. Trade and other receivables
2016
2017
£
£
Trade debtors
674
7,973
Other debtors
56
60
8,033
730
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
5,319
1,048
Taxation and social security
2,815
2,644
Other creditors
18,003
9,630
26,137
13,322
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
-
6,750
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