Company Registration No. 09175023 (England and Wales)
Chanctonbury Pools Limited
Unaudited accounts
for the year ended 31 March 2024
Chanctonbury Pools Limited
Unaudited accounts
Contents
Chanctonbury Pools Limited
Company Information
for the year ended 31 March 2024
Company Number
09175023 (England and Wales)
Registered Office
Garden Cottage
Rock Lane
Washington
West Sussex
RH20 3BL
United Kingdom
Accountants
JP Accountancy Services (Sussex) Limited
5 Fairfield Way
Ashington
Pulborough
West Sussex
RH20 3LA
Chanctonbury Pools Limited
Statement of financial position
as at 31 March 2024
Intangible assets
428
1,452
Tangible assets
13,760
20,007
Cash at bank and in hand
1,032
5,587
Creditors: amounts falling due within one year
(18,386)
(12,482)
Net current liabilities
(3,916)
(39)
Total assets less current liabilities
10,272
21,420
Creditors: amounts falling due after more than one year
(6,803)
(11,720)
Provisions for liabilities
Deferred tax
(2,615)
(3,801)
Called up share capital
1
1
Profit and loss account
853
5,898
Shareholders' funds
854
5,899
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2024 and were signed on its behalf by
Mr C J Blackman
Director
Company Registration No. 09175023
Chanctonbury Pools Limited
Notes to the Accounts
for the year ended 31 March 2024
Chanctonbury Pools Limited is a private company, limited by shares, registered in England and Wales, registration number 09175023. The registered office is Garden Cottage, Rock Lane, Washington, West Sussex, RH20 3BL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over its useful life of 10 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Chanctonbury Pools Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
26,390
16,750
1,242
44,382
Disposals
(5,000)
-
-
(5,000)
At 31 March 2024
22,265
16,750
1,242
40,257
At 1 April 2023
14,686
8,997
692
24,375
Charge for the year
2,407
1,938
138
4,483
On disposals
(2,361)
-
-
(2,361)
At 31 March 2024
14,732
10,935
830
26,497
At 31 March 2024
7,533
5,815
412
13,760
At 31 March 2023
11,704
7,753
550
20,007
Amounts falling due within one year
Accrued income and prepayments
11,772
356
Chanctonbury Pools Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,280
5,400
Trade creditors
11,643
1,472
Taxes and social security
1,447
5,610
8
Creditors: amounts falling due after more than one year
2024
2023
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
200
200
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).