Company registration number 02287387 (England and Wales)
ALAN BETTIN (SWIMMING POOLS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
ALAN BETTIN (SWIMMING POOLS) LIMITED
COMPANY INFORMATION
Directors
Mr N J Bettin
Mr P A Bettin
Ms S Bettin
Ms S J Bettin
Secretary
Ms S Bettin
Company number
02287387
Registered office
Seale Lane
Seale
Farnham
Surrey
GU10 1LD
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
ALAN BETTIN (SWIMMING POOLS) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
ALAN BETTIN (SWIMMING POOLS) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ALAN BETTIN (SWIMMING POOLS) LIMITED FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alan Bettin (Swimming Pools) Limited for the year ended 31 January 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Alan Bettin (Swimming Pools) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Alan Bettin (Swimming Pools) Limited and state those matters that we have agreed to state to the Board of Directors of Alan Bettin (Swimming Pools) Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alan Bettin (Swimming Pools) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Alan Bettin (Swimming Pools) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alan Bettin (Swimming Pools) Limited. You consider that Alan Bettin (Swimming Pools) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alan Bettin (Swimming Pools) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kirk Rice LLP
23 October 2024
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
ALAN BETTIN (SWIMMING POOLS) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
81,643
57,948
Current assets
Stocks
16,000
9,880
Debtors
5
99,646
128,372
Cash at bank and in hand
206,235
100,220
321,881
238,472
Creditors: amounts falling due within one year
6
(232,692)
(150,857)
Net current assets
89,189
87,615
Total assets less current liabilities
170,832
145,563
Creditors: amounts falling due after more than one year
7
(4,313)
(27,883)
Net assets
166,519
117,680
Capital and reserves
Called up share capital
104
104
Profit and loss reserves
166,415
117,576
Total equity
166,519
117,680
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ALAN BETTIN (SWIMMING POOLS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 23 October 2024 and are signed on its behalf by:
Mr N J Bettin
Mr P A Bettin
Director
Director
Company registration number 02287387 (England and Wales)
ALAN BETTIN (SWIMMING POOLS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
1
Accounting policies
Company information
Alan Bettin (Swimming Pools) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Seale Lane, Seale, Farnham, Surrey, GU10 1LD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised 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 is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
Computers
33% on cost
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by reducing turnover and related costs as contract activity progresses.
ALAN BETTIN (SWIMMING POOLS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Basic financial assets
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
Classification of financial liabilities
Creditors are not interest bearing and are included at their nominal value.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
18
15
ALAN BETTIN (SWIMMING POOLS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 February 2023
78,042
2,854
1,594
190,915
273,405
Additions
47,383
47,383
Disposals
(33,122)
(24,190)
(57,312)
At 31 January 2024
44,920
2,854
1,594
214,108
263,476
Depreciation and impairment
At 1 February 2023
76,457
2,854
1,445
134,701
215,457
Depreciation charged in the year
1,506
49
25,728
27,283
Eliminated in respect of disposals
(37,564)
(23,343)
(60,907)
At 31 January 2024
40,399
2,854
1,494
137,086
181,833
Carrying amount
At 31 January 2024
4,521
100
77,022
81,643
At 31 January 2023
1,585
149
56,214
57,948
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
68,580
125,590
Other debtors
2,000
2,782
Prepayments and accrued income
29,066
99,646
128,372
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
98,933
67,540
Taxation and social security
113,806
75,995
Other creditors
19,953
7,322
232,692
150,857
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
4,313
27,883
ALAN BETTIN (SWIMMING POOLS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
8
Directors' transactions
Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Loan
-
2,732
(2,732)
-
2,732
(2,732)
-