Registered number
02099718
Pool 'N' Spa Services Ltd
Filleted Accounts
31 December 2023
Pool 'N' Spa Services Ltd
Registered number: 02099718
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 33,805 8,327
Current assets
Stocks 19,260 10,720
Debtors 4 30,551 25,767
Cash at bank and in hand 51,833 41,255
101,644 77,742
Creditors: amounts falling due within one year 5 (62,436) (70,010)
Net current assets 39,208 7,732
Total assets less current liabilities 73,013 16,059
Creditors: amounts falling due after more than one year 6 (36,870) (13,667)
Net assets 36,143 2,392
Capital and reserves
Called up share capital 50 50
Profit and loss account 36,093 2,342
Shareholder's funds 36,143 2,392
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Andrew Priddle
Director
Approved by the board on 27 August 2024
Pool 'N' Spa Services Ltd
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 458 33,651 34,109
Additions - 36,785 36,785
At 31 December 2023 458 70,436 70,894
Depreciation
At 1 January 2023 115 25,667 25,782
Charge for the year 115 11,192 11,307
At 31 December 2023 230 36,859 37,089
Net book value
At 31 December 2023 228 33,577 33,805
At 31 December 2022 343 7,984 8,327
4 Debtors 2023 2022
£ £
Trade debtors 27,251 22,467
Other debtors 3,300 3,300
30,551 25,767
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 6,763 -
Trade creditors 15,516 10,046
Taxation and social security costs 28,278 19,467
Other creditors 11,879 40,497
62,436 70,010
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,667 13,667
Obligations under finance lease and hire purchase contracts 27,203 -
36,870 13,667
7 Other information
Pool 'N' Spa Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 Okefield Road
Crediton
Devon
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