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REGISTERED NUMBER: 01638634 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CHEMQUIP POOLS BOURNEMOUTH LIMITED

CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Balance sheet 1

Notes to the financial statements 3


CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 1,953 2,604
1,953 2,604

Current assets
Stocks 50,800 25,000
Debtors 6 39,481 51,269
Cash at bank and in hand 42,428 36,782
132,709 113,051
Creditors
Amounts falling due within one year 7 39,046 42,175
Net current assets 93,663 70,876
Total assets less current liabilities 95,616 73,480

Creditors
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

Provisions for liabilities 10 (371 ) -
Net assets 81,078 49,313

Capital and reserves
Called up share capital 11 5,903 5,903
Retained earnings 75,175 43,410
Shareholders' funds 81,078 49,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

BALANCE SHEET - continued
31 JANUARY 2024


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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Mr A Blackwell - Director


CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. Statutory information

Chemquip Pools Bournemouth Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 01638634. The registered office address and business address is Unit 10 West Howe Industrial Estate, Elliott Road, Bournemouth, Dorset, BH11 8JX.

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 income receivable from swimming pool installation and maintenance services, net of VAT and trade discounts. Turnover is recognised once the service has been provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised evenly over its estimated useful life of 10 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 cost
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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.

CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 February 2023 228,258
Disposals (228,258 )
At 31 January 2024 -
Amortisation
At 1 February 2023 228,258
Eliminated on disposal (228,258 )
At 31 January 2024 -
Net book value
At 31 January 2024 -
At 31 January 2023 -

5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 February 2023 29,022 10,975 39,997
Disposals (29,022 ) - (29,022 )
At 31 January 2024 - 10,975 10,975
Depreciation
At 1 February 2023 29,022 8,371 37,393
Charge for year - 651 651
Eliminated on disposal (29,022 ) - (29,022 )
At 31 January 2024 - 9,022 9,022
Net book value
At 31 January 2024 - 1,953 1,953
At 31 January 2023 - 2,604 2,604

CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 33,387 40,329
Directors' current accounts - 4,722
Prepayments 6,094 6,218
39,481 51,269

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,783 19,380
Tax 10,675 5,718
Social security and other taxes 786 719
VAT 4,830 4,624
Other creditors - 128
Directors' current accounts 272 -
Accruals and deferred income 1,700 1,606
39,046 42,175

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,000 20,000
Between one and five years 28,333 48,333
48,333 68,333

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 371 -

Deferred
tax
£   
Charge to Income statement during year 371
Balance at 31 January 2024 371

CHEMQUIP POOLS BOURNEMOUTH LIMITED (REGISTERED NUMBER: 01638634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,903 Ordinary £1.00 5,903 5,903

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr A Blackwell
Balance outstanding at start of year 4,722 104
Amounts advanced - 4,722
Amounts repaid (4,722 ) (104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,722

13. Ultimate controlling party

The company is controlled by the director and his wife, by virtue of their combined 100% ownership of the issued share capital.

14. First year adoption

These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 February 2022.

The transition to FRS102 Section 1A small entities has resulted in a small number of changes in accounting policies to those previously used.

The nature of these changes and their impact on opening equity and profit, where applicable, is detailed in the notes to these financial statements.