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REGISTERED NUMBER: 09575966 (England and Wales)






DURA PUMP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






DURA PUMP LTD (REGISTERED NUMBER: 09575966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DURA PUMP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







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

DURA PUMP LTD (REGISTERED NUMBER: 09575966)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,900 105,300
Tangible assets 5 219,524 178,875
301,424 284,175

CURRENT ASSETS
Stocks 6 133,944 85,679
Debtors 7 254,368 157,633
Cash at bank and in hand 337,275 72,356
725,587 315,668
CREDITORS
Amounts falling due within one year 8 616,265 387,597
NET CURRENT ASSETS/(LIABILITIES) 109,322 (71,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,746

212,246

CREDITORS
Amounts falling due after more than one
year

9

(202,748

)

(126,628

)

PROVISIONS FOR LIABILITIES (16,307 ) (15,818 )
NET ASSETS 191,691 69,800

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 191,591 69,700
SHAREHOLDERS' FUNDS 191,691 69,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

DURA PUMP LTD (REGISTERED NUMBER: 09575966)

BALANCE SHEET - continued
31 DECEMBER 2016


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its
behalf by:





Mr O Lockett-Ford - Director


DURA PUMP LTD (REGISTERED NUMBER: 09575966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Dura Pump Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been
enacted or substantively enacted by the balance sheet date.


DURA PUMP LTD (REGISTERED NUMBER: 09575966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2015 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 117,000
AMORTISATION
At 1 January 2016 11,700
Charge for year 23,400
At 31 December 2016 35,100
NET BOOK VALUE
At 31 December 2016 81,900
At 31 December 2015 105,300

DURA PUMP LTD (REGISTERED NUMBER: 09575966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2016 13,071 26,464 151,203 17,085 207,823
Additions 19,224 32,986 83,581 11,908 147,699
Disposals (3,650 ) (3,660 ) (29,863 ) (3,183 ) (40,356 )
At 31 December 2016 28,645 55,790 204,921 25,810 315,166
DEPRECIATION
At 1 January 2016 1,634 3,308 21,870 2,136 28,948
Charge for year 7,665 8,368 58,504 6,714 81,251
Eliminated on disposal (1,256 ) (1,258 ) (10,948 ) (1,095 ) (14,557 )
At 31 December 2016 8,043 10,418 69,426 7,755 95,642
NET BOOK VALUE
At 31 December 2016 20,602 45,372 135,495 18,055 219,524
At 31 December 2015 11,437 23,156 129,333 14,949 178,875

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases
are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2016 - 151,203 151,203
Additions 10,489 72,781 83,270
Disposals - (25,063 ) (25,063 )
At 31 December 2016 10,489 198,921 209,410
DEPRECIATION
At 1 January 2016 - 21,870 21,870
Charge for year 2,622 57,879 60,501
Eliminated on disposal - (10,948 ) (10,948 )
At 31 December 2016 2,622 68,801 71,423
NET BOOK VALUE
At 31 December 2016 7,867 130,120 137,987
At 31 December 2015 - 129,333 129,333

DURA PUMP LTD (REGISTERED NUMBER: 09575966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


6. STOCKS
2016 2015
£    £   
Stocks 53,443 56,678
Work-in-progress 80,501 29,001
133,944 85,679

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 240,429 148,100
Other debtors - 423
Prepayments 13,939 9,110
254,368 157,633

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Hire purchase contracts and finance leases 56,344 51,556
Payments on account 41,702 22,597
Trade creditors 202,815 74,973
Amounts owed to group undertakings 900 900
Tax 49,051 28,267
VAT 14,561 15,099
Other creditors 247,642 190,676
Accrued expenses 3,250 3,529
616,265 387,597

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts and finance leases 52,748 49,610
Other creditors 150,000 77,018
202,748 126,628

10. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Hire purchase contracts and finance leases 109,092 101,166

Hire purchase contracts and finance leases are secured over the assets to which they relate.

DURA PUMP LTD (REGISTERED NUMBER: 09575966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made interest free advances to a director totalling £17,754. The amount
outstanding at the balance sheet date was £nil.

12. RELATED PARTY DISCLOSURES

Included within other creditors are loans to the company totalling £397,642 (2015: £267,694). The
loans have been made to the company by the directors and shareholders of the parent undertaking
and have been made under normal market conditions.

13. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The company is a wholly-owned subsidiary of Dura Pump (Holdings) Ltd - company number:
09570824 - registered office address: Boughton Fair Lane, Moulton, Northampton, NN3 7RT.