IRIS Accounts Production v24.3.0.553 05760589 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057605892023-09-30057605892024-09-30057605892023-10-012024-09-30057605892022-09-30057605892022-10-012023-09-30057605892023-09-3005760589ns15:EnglandWales2023-10-012024-09-3005760589ns14:PoundSterling2023-10-012024-09-3005760589ns10:Director12023-10-012024-09-3005760589ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005760589ns10:SmallEntities2023-10-012024-09-3005760589ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005760589ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005760589ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005760589ns10:FullAccounts2023-10-012024-09-3005760589ns10:Director22023-10-012024-09-3005760589ns10:Director32023-10-012024-09-3005760589ns10:RegisteredOffice2023-10-012024-09-3005760589ns5:CurrentFinancialInstruments2024-09-3005760589ns5:CurrentFinancialInstruments2023-09-3005760589ns5:Non-currentFinancialInstruments2024-09-3005760589ns5:Non-currentFinancialInstruments2023-09-3005760589ns5:ShareCapital2024-09-3005760589ns5:ShareCapital2023-09-3005760589ns5:RetainedEarningsAccumulatedLosses2024-09-3005760589ns5:RetainedEarningsAccumulatedLosses2023-09-3005760589ns5:PlantMachinery2023-10-012024-09-3005760589ns5:PlantMachinery2023-09-3005760589ns5:PlantMachinery2024-09-3005760589ns5:PlantMachinery2023-09-3005760589ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005760589ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30057605891ns10:Director12023-09-30057605891ns10:Director12022-09-30057605891ns10:Director12023-10-012024-09-30057605891ns10:Director12022-10-012023-09-30057605891ns10:Director12024-09-30057605891ns10:Director12023-09-30
REGISTERED NUMBER: 05760589 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

PANACHE POOLS LIMITED

PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PANACHE POOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: MA Jackson
K Jackson
A Jackson





REGISTERED OFFICE: Three Gables
47 Finedon Road
Burton Latimer
Northamptonshire
NN15 5QB





REGISTERED NUMBER: 05760589 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,028 97,261

CURRENT ASSETS
Stocks 292,888 357,292
Debtors 5 119,523 256,699
Cash at bank and in hand 277,944 78,490
690,355 692,481
CREDITORS
Amounts falling due within one year 6 245,450 223,866
NET CURRENT ASSETS 444,905 468,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,933

565,876

CREDITORS
Amounts falling due after more than one
year

7

(38,880

)

(100,447

)

PROVISIONS FOR LIABILITIES (15,775 ) (18,480 )
NET ASSETS 473,278 446,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 473,178 446,849
SHAREHOLDERS' FUNDS 473,278 446,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2024 and were signed on its behalf by:





MA Jackson - Director


PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Panache Pools 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost, 20% on reducing balance and 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 251,367
Additions 99
Disposals (10,995 )
At 30th September 2024 240,471
DEPRECIATION
At 1st October 2023 154,106
Charge for year 11,886
Eliminated on disposal (8,549 )
At 30th September 2024 157,443
NET BOOK VALUE
At 30th September 2024 83,028
At 30th September 2023 97,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,976 222,443
Other debtors 13,547 34,256
119,523 256,699

PANACHE POOLS LIMITED (REGISTERED NUMBER: 05760589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,567 55,676
Trade creditors 89,064 73,831
Taxation and social security 61,556 85,103
Other creditors 33,263 9,256
245,450 223,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 38,880 100,447

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
MA Jackson
Balance outstanding at start of year 15,769 158,189
Amounts advanced 59,241 65,580
Amounts repaid (75,290 ) (208,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (280 ) 15,769