Registered Number 07950933

PUMP IT LIMITED

Abbreviated Accounts

28 February 2014

PUMP IT LIMITED Registered Number 07950933

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 18,927 8,137
18,927 8,137
Current assets
Debtors 5,594 1,044
Cash at bank and in hand 1,385 1,053
6,979 2,097
Creditors: amounts falling due within one year (12,453) (9,412)
Net current assets (liabilities) (5,474) (7,315)
Total assets less current liabilities 13,453 822
Total net assets (liabilities) 13,453 822
Capital and reserves
Called up share capital 10 10
Profit and loss account 13,443 812
Shareholders' funds 13,453 822
  • For the year ending 28 February 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2014

And signed on their behalf by:
John Austin, Director

PUMP IT LIMITED Registered Number 07950933

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover represents sales invoiced during the period, excluding VAT.

Tangible assets depreciation policy
Depreciation is calculated so as to write off of the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 March 2013 8,137
Additions 17,361
Disposals (196)
Revaluations -
Transfers -
At 28 February 2014 25,302
Depreciation
At 1 March 2013 -
Charge for the year 6,375
On disposals -
At 28 February 2014 6,375
Net book values
At 28 February 2014 18,927
At 28 February 2013 8,137