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COMPANY REGISTRATION NUMBER: 04840101
Poole Builders Limited
Filleted Unaudited Financial Statements
31 July 2023
Poole Builders Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Poole Builders Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
Current assets
Debtors
4
577,845
583,042
Creditors: amounts falling due within one year
5
621,870
626,347
---------
---------
Net current liabilities
44,025
43,305
--------
--------
Total assets less current liabilities
( 44,025)
( 43,305)
--------
--------
Net liabilities
( 44,025)
( 43,305)
--------
--------
Capital and reserves
Called up share capital
99
99
Profit and loss account
( 44,124)
( 43,404)
--------
--------
Shareholders deficit
( 44,025)
( 43,305)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
Mr J Poole
Director
Company registration number: 04840101
Poole Builders Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is H1 Ash Tree Court, Mellors Way, Nottingham Business Park, Nottingham, NG8 6PY, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2023
2022
£
£
Other debtors
577,845
583,042
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
621,870
626,347
---------
---------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Miss C M Poole
( 518)
( 518)
Mrs S M Poole
( 4,406)
1,888
( 2,518)
Mr J Poole
( 2,239)
1,887
( 352)
-------
-------
-------
( 7,163)
3,775
( 3,388)
-------
-------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Miss C M Poole
( 518)
( 518)
Mrs S M Poole
( 4,406)
( 4,406)
Mr J Poole
( 2,239)
( 2,239)
-------
----
-------
( 7,163)
( 7,163)
-------
----
-------
7. Related party transactions
On 31 July 2023 the company had loans owed and owing to it by companies which are under common control. The loans are included in other debtors and other creditors are interest free and repayable on demand. Other creditors includes an amount owed to Spring Lane Nursing Home (Lambley) Limited of £617,882 and other debtors includes an amount owed from Foxley & Co Limited of £577,845.