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REGISTERED NUMBER: SC379420 (Scotland)















Financial Statements for the Year Ended 30 June 2023

for

SEYMOUR POOLS LTD

SEYMOUR POOLS LTD (REGISTERED NUMBER: SC379420)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


SEYMOUR POOLS LTD (REGISTERED NUMBER: SC379420)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 19,293 -

Current assets
Stocks 5,355 33,633
Debtors 5 - 4,538
Cash at bank 11,508 30,699
16,863 68,870
Creditors
Amounts falling due within one year 6 (5,626 ) (38,194 )
Net current assets 11,237 30,676
Total assets less current liabilities 30,530 30,676

Creditors
Amounts falling due after more than one
year

7

(23,714

)

(29,450

)
Net assets 6,816 1,226

Capital and reserves
Called up share capital 8 100 100
Retained earnings 6,716 1,126
Shareholders' funds 6,816 1,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





Ms C A Hollier - Director


SEYMOUR POOLS LTD (REGISTERED NUMBER: SC379420)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. Statutory information

Seymour Pools Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC379420

Registered office: 6 Mousebank Lane
Lanark
South
Lanarkshire
ML11 7PP

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of swimming pools and wet leisure equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


SEYMOUR POOLS LTD (REGISTERED NUMBER: SC379420)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. Accounting policies - continued
Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Hire purchase and leases
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.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Going concern
The company meets its day to day working capital requirements through financial support from its directors. On the basis of the projected cash flow information the directors consider that the company will operate within the agreed support and therefore the financial statements have been prepared on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of the support.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

SEYMOUR POOLS LTD (REGISTERED NUMBER: SC379420)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 July 2022 8,000 707 8,707
Additions 19,620 - 19,620
Disposals (8,000 ) - (8,000 )
At 30 June 2023 19,620 707 20,327
Depreciation
At 1 July 2022 8,000 707 8,707
Charge for year 327 - 327
Written back on disposals (8,000 ) - (8,000 )
At 30 June 2023 327 707 1,034
Net book value
At 30 June 2023 19,293 - 19,293
At 30 June 2022 - - -

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors - 4,412
Other debtors - 126
- 4,538

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 14,841
Taxation and social security 1,072 4,790
Other creditors 4,554 18,563
5,626 38,194

The directors' loans are unsecured, interest free and carry no schedule of repayment. The directors have advised that they will not seek repayment of their loan balances falling due after more than one year within a year of the balance sheet date.

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 23,714 29,450

The directors' loans are unsecured, interest free and carry no schedule of repayment. The directors have advised that they will not seek repayment of their loan balances falling due after more than one year within a year of the balance sheet date.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100