PRO SPA & POOL'S LIMITED
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 422
Current assets
Stocks - 3,400
Debtors 4 - 101
Cash at bank and in hand 953 14
953 3,515
Creditors: amounts falling due within one year 5 (1,490) (3,824)
Net current liabilities (537) (309)
Total assets less current liabilities (537) 113
Provisions for liabilities - -
Net (liabilities)/assets (537) 113
Capital and reserves
Called up share capital 2 2
Profit and loss account (539) 111
Shareholders' funds (537) 113
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR. S.D. MILLER
Director
Approved by the board on 26 June 2024
PRO SPA & POOL'S LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 15% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 January 2023 585
Disposals (585)
At 31 December 2023 -
Depreciation
At 1 January 2023 163
On disposals (163)
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 422
4 Debtors 2023 2022
£ £
Trade debtors - 101
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 650 1,203
Other taxes and social security costs 377 11
Directors' loan account 463 2,610
1,490 3,824
6 Controlling party
The directors of the company at the Balance Sheet date, each own 50% of the issued share capital of the company.
7 Other information
PRO SPA & POOL'S LIMITED is a private company limited by shares and incorporated in England (Company Number 13186951). Its registered office is Bank House Farm, Tilstock, Whitchurch, Shropshire, SY13 3NL.
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