REGISTERED NUMBER: 09575966 (England and Wales)

DURA PUMP LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD

6 MAY 2015 TO 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Calder

Mr J Calder

Mr O Lockett-Ford

Mr R Calder

REGISTERED OFFICE:

Boughton Fair Lane

Moulton

Northampton

NN3 7RT

REGISTERED NUMBER:

09575966 (England and Wales)

ACCOUNTANTS:

Oldfield Accountants

Santis House

Curriers Close

Coventry

West Midlands

CV4 8AW

FIXED ASSETS

Intangible assets

2

105,300

Tangible assets

3

178,875

284,175

CURRENT ASSETS

Stocks

85,679

Debtors

157,633

Cash at bank and in hand

72,356

315,668

CREDITORS

Amounts falling due within one year

309,088

NET CURRENT ASSETS

6,580

TOTAL ASSETS LESS CURRENT LIABILITIES

290,755

CREDITORS

Amounts falling due after more than one year

(205,137

)

PROVISIONS FOR LIABILITIES

(15,818

)

NET ASSETS

69,800

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

69,700

SHAREHOLDERS' FUNDS

69,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 June 2016 and were signed on its behalf by:

Mr O Lockett-Ford - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Contract turnover includes the value of the work completed during the financial year, after reference to

the total sales value and stage of completion of the project. If the ultimate profitability of a contract can

be assessed with reasonable certainty, after having made prudent allowance for future risks and

uncertainties, then profit is recognised in proportion to the contract work completed. Immediate

provision is made for all foreseeable losses.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance and at varying rates on cost

Office equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Long-term contract balances are valued at costs incurred on specific contracts, net of amounts

transferred to cost of sales in respect of work recorded as turnover, less foreseeable losses and

payments on account.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

117,000

At 31 December 2015

117,000

AMORTISATION

Amortisation for period

11,700

At 31 December 2015

11,700

NET BOOK VALUE

At 31 December 2015

105,300

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

207,823

At 31 December 2015

207,823

DEPRECIATION

Charge for period

28,948

At 31 December 2015

28,948

NET BOOK VALUE

At 31 December 2015

178,875

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

5.	ULTIMATE PARENT COMPANY

Dura Pump (Holdings) Ltd is regarded by the directors as being the company's ultimate parent

company.