Combined Pumps Corp Ltd (Formerly known as Combined Corporation Limited) Filleted accounts for Companies House (small and micro)
Combined Pumps Corp Ltd (Formerly known as Combined Corporation Limited) Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC186178
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed Assets
Tangible assets |
5 |
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Current Assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net Assets |
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Capital and Reserves
Called up share capital |
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Profit and loss account |
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Shareholders Funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 October 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
SC186178
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Notes to the Financial Statements |
Year Ended 31 October 2021
1.
General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Combined House, Howe Moss Terrace, Dyce, Aberdeen, AB21 0GR, Scotland.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Going Concern
Revenue Recognition
Income Tax
Tangible Assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery |
- |
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Fixtures, Fittings and Equipment |
- |
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Motor Vehicles |
- |
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Yacht |
- |
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Impairment of Fixed Assets
Stocks
Finance Leases and Hire Purchase Contracts
Provisions
Financial Instruments
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
8
(2020:
8
).
5.
Tangible Assets
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 November 2020 |
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Additions |
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At 31 October 2021 |
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Depreciation |
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At 1 November 2020 |
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Charge for the year |
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At 31 October 2021 |
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Carrying amount |
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At 31 October 2021 |
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At 31 October 2020 |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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– |
Other debtors |
– |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
– |
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9.
Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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2020 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
(
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10.
Related Party Transactions
The company was under the control of
Mr E Stamper
throughout the current and previous year. Mr E Stamper
is the managing director and Combined Corporation BVI Ltd is the majority shareholder. Included within creditors is a balance due to a related company Combined Corporation BVI £180,000 (2020 - £284,609). There are no set repayment terms or interest accruing on this balance. Included in debtors is a balance of £22,856 (2020 - £16,365 creditor) due from related party company Combined Pumps Limited. There are no set repayment terms or interest accruing on these balances. In addition, debtors include a balance of £2,168 (2020 - £nil) due from Combined Pumps FZE, a company which is a related party.
11.
Control
The ultimate parent undertaking is CC & Pumps (BVI) Ltd which was incorported in the British Virgin Islands.