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REGISTERED NUMBER: 06775610 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

POOLE BODY WORKS LIMITED

POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POOLE BODY WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Wood





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 06775610 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,833 30,210
19,833 30,210

CURRENT ASSETS
Stocks 31,000 46,000
Debtors 6 23,174 22,210
Cash at bank and in hand 88,018 107,195
142,192 175,405
CREDITORS
Amounts falling due within one year 7 37,299 30,917
NET CURRENT ASSETS 104,893 144,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,726

174,698

CREDITORS
Amounts falling due after more than one
year

8

12,750

21,750
NET ASSETS 111,976 152,948

POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 111,975 152,947
SHAREHOLDERS' FUNDS 111,976 152,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





A Wood - Director


POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Poole Body Works Limited is a private company, limited by shares , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 25,000
AMORTISATION
At 1 January 2023
and 31 December 2023 25,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 116,074 6,074 19,400 2,367 143,915
Additions 1,800 - - - 1,800
Disposals - - (15,400 ) - (15,400 )
At 31 December 2023 117,874 6,074 4,000 2,367 130,315
DEPRECIATION
At 1 January 2023 91,652 4,993 15,449 1,611 113,705
Charge for year 6,556 1,081 1,349 189 9,175
Eliminated on disposal - - (12,398 ) - (12,398 )
At 31 December 2023 98,208 6,074 4,400 1,800 110,482
NET BOOK VALUE
At 31 December 2023 19,666 - (400 ) 567 19,833
At 31 December 2022 24,422 1,081 3,951 756 30,210

POOLE BODY WORKS LIMITED (REGISTERED NUMBER: 06775610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,174 19,824
Directors' current accounts - 2,386
23,174 22,210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 1,779 3,832
Corporation tax 1,502 1,309
Social security and other taxes 7,345 4,620
VAT 9,928 7,496
Other creditors 2,705 74
Directors' current accounts 54 -
Accrued expenses 4,986 4,586
37,299 30,917

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 12,750 21,750

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A Wood
Balance outstanding at start of year 2,387 -
Amounts advanced 34,560 2,387
Amounts repaid (37,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (53 ) 2,387