POWERTEC PUMPS LIMITED

POWERTEC PUMPS LIMITED

POWERTEC PUMPS LIMITED - Company Information

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POWERTEC PUMPS LIMITED

Company Registration Number:
05208490 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

POWERTEC PUMPS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

POWERTEC PUMPS LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 542,681 473,499
Total fixed assets: 542,681 473,499
Current assets
Stocks: 259,825 183,138
Debtors: 4 970,164 546,669
Cash at bank and in hand: 26,075 599
Total current assets: 1,256,064 730,406
Creditors: amounts falling due within one year: 5 (1,238,305) (805,262)
Net current assets (liabilities): 17,759 (74,856)
Total assets less current liabilities: 560,440 398,643
Creditors: amounts falling due after more than one year: 6 (330,918) (285,637)
Provision for liabilities: (26,848) (25,772)
Total net assets (liabilities): 202,674 87,234
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 202,574 87,134
Shareholders funds: 202,674 87,234

The notes form part of these financial statements

POWERTEC PUMPS LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2018
and signed on behalf of the board by:

Name: Ross Newman
Status: Director

The notes form part of these financial statements

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 31 23

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 754,562
Additions 200,398
Disposals (64,925)
At 31 December 2017 890,035
Depreciation
At 01 January 2017 281,063
Charge for year 108,996
On disposals (42,705)
At 31 December 2017 347,354
Net book value
At 31 December 2017 542,681
At 31 December 2016 473,499

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one yearBank loans and overdrafts 2017 £16,382 2016 £29,047Obligations under finance leases 2017 £138,979 2016 £98,391Other borrowings 2017 £711,654 2016 £479,021Trade creditors 2017 £160,551 2016 £123,782Corporation tax 2017 £59,197 2016 £30,511Other taxation and social security 2017 £141,845 2016 £39,502Other creditors 2017 £9,697 2017 £5,008Totals 2017 £1,238,305 2016 £805,262

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one yearBank loans and overdrafts 2017 £172,647 2016 £180,170Obligations under finance leases 2017 £158,271 2016 £105,467Totals 2017 £330,918 2017 £285,637

POWERTEC PUMPS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

7. Financial commitments

Finance lease obligationsFuture minimum lease payments due under finance leases:Within one year 2017 £138,978 2016 £98,391In two to five years 2017 £158,272 2016 £105,467Totals 2017 £297,250 2016 £203,858