0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10717379 2022-08-01 2023-07-31 10717379 2023-07-31 10717379 2022-07-31 10717379 2021-08-01 2022-07-31 10717379 2022-07-31 10717379 2021-07-31 10717379 bus:Director1 2022-08-01 2023-07-31 10717379 core:WithinOneYear 2023-07-31 10717379 core:WithinOneYear 2022-07-31 10717379 core:AfterOneYear 2023-07-31 10717379 core:AfterOneYear 2022-07-31 10717379 core:ShareCapital 2023-07-31 10717379 core:ShareCapital 2022-07-31 10717379 core:RetainedEarningsAccumulatedLosses 2023-07-31 10717379 core:RetainedEarningsAccumulatedLosses 2022-07-31 10717379 bus:SmallEntities 2022-08-01 2023-07-31 10717379 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10717379 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10717379 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10717379 bus:FullAccounts 2022-08-01 2023-07-31 10717379 bus:Director1 1 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 10717379
Pool Strategic Alliance Group Limited
Filleted Unaudited Financial Statements
31 July 2023
Pool Strategic Alliance Group Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Pool Strategic Alliance Group Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
7,490
39,758
Cash at bank and in hand
62,462
678
--------
--------
69,952
40,436
Creditors: amounts falling due within one year
6
110,957
29,295
---------
--------
Net current (liabilities)/assets
( 41,005)
11,141
--------
--------
Total assets less current liabilities
( 41,005)
11,141
Creditors: amounts falling due after more than one year
7
5,719
8,730
--------
--------
Net (liabilities)/assets
( 46,724)
2,411
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 46,824)
2,311
--------
-------
Shareholders (deficit)/funds
( 46,724)
2,411
--------
-------
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Pool Strategic Alliance Group Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
I Menzies-Smith
Director
Company registration number: 10717379
Pool Strategic Alliance Group 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, 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.
Going concern
The director confirms that he has no intention of liquidating the company or ceasing trading and will continue to make available sufficient funding as required to ensure the company retains sufficient working capital to continue trading for the foreseeable future. As such, the director has concluded that there are no significant doubts about the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. 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.
4. Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to 1 (2022: 1).
5. Debtors
2023
2022
£
£
Trade debtors
39,470
Other debtors
7,490
288
-------
--------
7,490
39,758
-------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,010
2,936
Trade creditors
1,903
18,744
Other creditors
106,044
7,615
---------
--------
110,957
29,295
---------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,719
8,730
-------
-------
8. Director's advances, credits and guarantees
During the year, the director took advances of £24,662 (2022: £17,883) and made repayments of £13,466 (2022: £11,737). At the year end the director owed the company £5,081 (2022: the company owed the director £6,115).