Filpumps Limited - Limited company - abbreviated

REGISTERED NUMBER: SC131586 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Filpumps Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Booth

I Grierson

R Mann

SECRETARY:

LC Secretaries Limited

REGISTERED OFFICE:

10 Camiestone Road

Thainstone Business Park

Inverurie

Aberdeenshire

AB51 5GT

REGISTERED NUMBER:

SC131586 (Scotland)

ACCOUNTANTS:

Alpha Business Services Limited

Chartered Accountant

Inverebrie

Ellon

Aberdeenshire

AB41 8PX

FIXED ASSETS

Tangible assets

2

1,532,986

1,366,798

CURRENT ASSETS

Stocks

313,175

389,076

Debtors

1,428,836

1,420,790

Cash at bank

376,689

473,925

2,118,700

2,283,791

CREDITORS

Amounts falling due within one year

1,117,920

1,140,799

NET CURRENT ASSETS

1,000,780

1,142,992

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,533,766

2,509,790

CREDITORS

Amounts falling due after more than one
year

3

(476,719

)

(779,265

)

PROVISIONS FOR LIABILITIES

(44,662

)

-

NET ASSETS

2,012,385

1,730,525

CAPITAL AND RESERVES

Called up share capital

4

1,200

Revaluation reserve

573,341

Profit and loss account

1,437,844

1,155,984

SHAREHOLDERS' FUNDS

2,012,385

1,730,525

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

The members have not required the company to obtain an audit of its financial statements for the year 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 14 March 2016 and were signed on its
behalf by:

I Grierson - 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 April 2008).

Turnover

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

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.

Freehold property

-

at varying rates on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,001,286

Additions

295,222

Disposals

(79,640

)

At 31 December 2015

2,216,868

DEPRECIATION

At 1 January 2015

634,488

Charge for year

126,966

Eliminated on disposal

(77,572

)

At 31 December 2015

683,882

NET BOOK VALUE

At 31 December 2015

1,532,986

At 31 December 2014

1,366,798

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable by instalments

213,141

482,628

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary

£1

1,000

100

Ordinary 'A'

£1

100

Ordinary 'B'

£1

100

1,200

5.	ULTIMATE PARENT COMPANY

Ledge 1100 Limited is regarded by the directors as being the company's ultimate parent company.

Filpumps Limited - Limited company - abbreviated - 11.9

Filpumps Limited - Limited company - abbreviated - 11.9