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REGISTERED NUMBER: 01501280 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

The Institute of Swimming Pool Engineers
Limited

The Institute of Swimming Pool Engineers
Limited (Registered number: 01501280)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

The Institute of Swimming Pool Engineers
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I P Betts
C A E Carr
J W G Scott
M L Sharp
B S Studdy
H C C Gosling
C J Day
C J Jenkinson
P Barlow
J A Lamb
R L Judd
K Mumford
W J L Dando
S A Keay
A J Kemsley
G A Lucas





SECRETARY: C A E Carr





REGISTERED OFFICE: 9 Great Chesterford Court
London Road
Great Chesterford
Saffron Walden
Essex
CB10 1PF





REGISTERED NUMBER: 01501280 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

The Institute of Swimming Pool Engineers
Limited (Registered number: 01501280)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 580 -

CURRENT ASSETS
Stocks 219 299
Debtors 5 8,485 8,179
Cash at bank 61,548 64,763
70,252 73,241
CREDITORS
Amounts falling due within one year 6 11,299 10,788
NET CURRENT ASSETS 58,953 62,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,533

62,453

RESERVES
Income and expenditure account 59,533 62,453
59,533 62,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:





C A E Carr - Director


The Institute of Swimming Pool Engineers
Limited (Registered number: 01501280)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Institute of Swimming Pool Engineers Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents invoiced subscriptions, seminars and related income including donations. Revenue is measured at the fair value of the consideration received or receivable net of trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery etc - at rates on reducing balance of 25% and 33%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The Company is a mutual Company and as such liable to taxation on its investment income only.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

The Institute of Swimming Pool Engineers
Limited (Registered number: 01501280)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 11,740
Additions 870
At 30 June 2024 12,610
DEPRECIATION
At 1 July 2023 11,740
Charge for year 290
At 30 June 2024 12,030
NET BOOK VALUE
At 30 June 2024 580
At 30 June 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 5,245 4,870
Prepayments 3,240 3,309
8,485 8,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation 188 53
Social security and other taxes 1,458 -
Other creditors 214 -
Accrued education fund 7,256 7,720
Accruals and deferred income 2,183 3,015
11,299 10,788

7. LIABILITY OF MEMBERS

The company is limited by guarantee. In the event of the company being wound up, the liability of the members, whilst he or she remains a member or within one year after they cease to be a member, is limited to £1 each.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Institute of Swimming Pool Engineers
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Institute of Swimming Pool Engineers Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Institute of Swimming Pool Engineers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Institute of Swimming Pool Engineers Limited and state those matters that we have agreed to state to the Board of Directors of The Institute of Swimming Pool Engineers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Institute of Swimming Pool Engineers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Institute of Swimming Pool Engineers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Institute of Swimming Pool Engineers Limited. You consider that The Institute of Swimming Pool Engineers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Institute of Swimming Pool Engineers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


6 August 2024