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REGISTERED NUMBER: 04999322 (England and Wales)















Financial Statements for the Year Ended 28 February 2024

for

Pool Snooker Leisure Limited

Pool Snooker Leisure Limited (Registered number: 04999322)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pool Snooker Leisure Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: G Parkes





SECRETARY: G Parkes





REGISTERED OFFICE: Wycliffe House
3 Wycliffe Road
Bournemouth
Dorset
BH9 1JP





REGISTERED NUMBER: 04999322 (England and Wales)





ACCOUNTANTS: Anaxes Ltd
34 Station Road
Poole
Dorset
BH14 8UD

Pool Snooker Leisure Limited (Registered number: 04999322)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 214,384 229,965
214,384 229,965

CURRENT ASSETS
Stocks 127,604 121,293
Debtors 6 4,332 15,600
Cash at bank and in hand 24,800 15,690
156,736 152,583
CREDITORS
Amounts falling due within one year 7 217,833 294,726
NET CURRENT LIABILITIES (61,097 ) (142,143 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,287

87,822

CREDITORS
Amounts falling due after more than one
year

8

(139,121

)

(160,459

)

PROVISIONS FOR LIABILITIES (40,659 ) -
NET LIABILITIES (26,493 ) (72,637 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (26,593 ) (72,737 )
SHAREHOLDERS' FUNDS (26,493 ) (72,637 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Pool Snooker Leisure Limited (Registered number: 04999322)

Balance Sheet - continued
28 February 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 director and authorised for issue on 29 November 2024 and were signed by:





G Parkes - Director


Pool Snooker Leisure Limited (Registered number: 04999322)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Pool Snooker Leisure 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 2014, is being amortised evenly over its estimated useful life of five 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 etc - at variable rates 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Pool Snooker Leisure Limited (Registered number: 04999322)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 91,175
AMORTISATION
At 1 March 2023
and 28 February 2024 91,175
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 562,899
Additions 26,680
Disposals (64,555 )
At 28 February 2024 525,024
DEPRECIATION
At 1 March 2023 332,934
Charge for year 26,236
Eliminated on disposal (48,530 )
At 28 February 2024 310,640
NET BOOK VALUE
At 28 February 2024 214,384
At 28 February 2023 229,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors - 15,600
Other debtors 4,332 -
4,332 15,600

Pool Snooker Leisure Limited (Registered number: 04999322)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 19,422 32,369
Hire purchase contracts 4,000 5,965
Trade creditors 48,460 69,902
Taxation and social security 6,261 16,534
Other creditors 139,690 169,956
217,833 294,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 130,121 147,459
Hire purchase contracts 9,000 13,000
139,121 160,459

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 84,405 92,755