For the period ended 29 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07950933
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
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
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Notes to the Abbreviated Financial Statements |
Pump It Limited
For the period ended 29 February 2016
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
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.
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, 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
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. |
3 of 4
Notes to the Abbreviated Financial Statements |
Pump It Limited
For the period ended 29 February 2016
34,806
34,806
6,587
7,055
Charge for period
13,642
21,164
28,219
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