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REGISTERED NUMBER: 05261977 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

POOLE WATERFIELD LIMITED

POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


POOLE WATERFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs H C Gibbens
W J Waterfield





SECRETARY: Mrs P H Waterfield





REGISTERED OFFICE: Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH





REGISTERED NUMBER: 05261977 (England and Wales)






POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 240,000 270,000
Tangible assets 5 10,952 10,414
250,952 280,414

CURRENT ASSETS
Debtors 6 313,470 240,837
Cash at bank and in hand 259,701 292,733
573,171 533,570
CREDITORS
Amounts falling due within one year 7 355,229 367,747
NET CURRENT ASSETS 217,942 165,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,894

446,237

PROVISIONS FOR LIABILITIES 1,816 1,036
NET ASSETS 467,078 445,201

CAPITAL AND RESERVES
Called up share capital 8 200,500 200,500
Capital redemption reserve 50,000 50,000
Retained earnings 216,578 194,701
SHAREHOLDERS' FUNDS 467,078 445,201

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 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 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.

POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





W J Waterfield - Director


POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

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

1. STATUTORY INFORMATION

Poole Waterfield 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 represents net invoiced sales of services, excluding value added tax, adjusted for movements in work in progress.

Goodwill
Goodwill is being written off at 5% per year on cost.

Goodwill is being amortised evenly over its estimated life of twenty years. The directors are satisfied that the period over which goodwill is being amortised reflects a reasonable estimate of its useful life.

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.
Short leasehold - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost. The investments are subsequently subject to a review for impairment at the year end, with any impairment being charged to the Income Statement.

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.


POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
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.

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.

Work in progress
Work in progress is recognised in respect of unbilled time based on the estimated proportion of work done at the Balance Sheet date and the amount of fees which are considered recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 600,000
AMORTISATION
At 1 February 2023 330,000
Charge for year 30,000
At 31 January 2024 360,000
NET BOOK VALUE
At 31 January 2024 240,000
At 31 January 2023 270,000

POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 11,344 51,277 18,750 81,371
Additions - - 7,785 7,785
At 31 January 2024 11,344 51,277 26,535 89,156
DEPRECIATION
At 1 February 2023 6,805 50,658 13,494 70,957
Charge for year 2,269 619 4,359 7,247
At 31 January 2024 9,074 51,277 17,853 78,204
NET BOOK VALUE
At 31 January 2024 2,270 - 8,682 10,952
At 31 January 2023 4,539 619 5,256 10,414

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 207,948 95,277
Work in progress 70,189 110,962
Other debtors 405 117
Prepayments 34,928 34,481
313,470 240,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,850 3,213
Amounts owed to related companies 8,000 8,000
Tax including social security 87,532 68,420
Other creditors 19,686 19,840
Directors' current accounts 224,642 255,180
Accrued expenses 13,519 13,094
355,229 367,747

POOLE WATERFIELD LIMITED (REGISTERED NUMBER: 05261977)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 31.1.24 31.1.23
value: £ £

200,000 A Ordinary £1 200,000 200,000
200 B Ordinary £1 200 200
100 C Ordinary £1 100 100
100 D Ordinary £1 100 100
100 E Ordinary £1 100 100
200,500 200,500

The A Ordinary shares do not carry voting rights. They were issued at par during the year ended 31st January 2011.

9. FINANCIAL COMMITMENTS

The company has the following annual lease commitments:

Expiring within 1 year £25,330

Expiring in 2-5 years £ - (2023 - £25,330)