Registered number
11940574
Natural Swimming Pools Ltd
Filleted Accounts
30 April 2024
Natural Swimming Pools Ltd
Registered number: 11940574
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,000 6,000
Tangible assets 4 88,461 104,807
92,461 110,807
Current assets
Stocks 29,952 139,500
Debtors 5 301,359 248,409
Cash at bank and in hand 58,822 38,986
390,133 426,895
Creditors: amounts falling due within one year 6 (325,198) (289,813)
Net current assets 64,935 137,082
Total assets less current liabilities 157,396 247,889
Creditors: amounts falling due after more than one year 7 (15,793) (23,008)
Net assets 141,603 224,881
Capital and reserves
Called up share capital 2 2
Profit and loss account 141,601 224,879
Shareholders' funds 141,603 224,881
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kathryn Miller
Director
Approved by the board on 17 January 2025
Natural Swimming Pools Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 1% per year
Equipment, software, fixtures and fittings 25% per year
Motor vehicles 25% per year
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 10,000
At 30 April 2024 10,000
Amortisation
At 1 May 2023 4,000
Provided during the year 2,000
At 30 April 2024 6,000
Net book value
At 30 April 2024 4,000
At 30 April 2023 6,000
Goodwill is being written off in equal annual instalments over its useful economic life of 5 years.
4 Tangible fixed assets
Freehold buildings Equipment, software, fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 - 41,187 133,708 174,895
Additions 12,149 11,209 18,745 42,103
Disposals - (3,422) (29,700) (33,122)
At 30 April 2024 12,149 48,974 122,753 183,876
Depreciation
At 1 May 2023 - 21,097 48,991 70,088
Charge for the year 121 10,999 28,909 40,029
On disposals - (2,490) (12,212) (14,702)
At 30 April 2024 121 29,606 65,688 95,415
Net book value
At 30 April 2024 12,028 19,368 57,065 88,461
At 30 April 2023 - 20,090 84,717 104,807
5 Debtors 2024 2023
£ £
Trade debtors 295,714 243,139
Prepayments 2,177 3,230
Other debtors 3,468 2,040
301,359 248,409
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,529 5,343
Obligations under finance lease and hire purchase contracts 7,215 6,586
Trade creditors 229,969 182,570
Taxation and social security costs 57,705 54,006
Deferred income 20,030 38,358
Accruals 2,750 2,950
325,198 289,813
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 15,793 23,008
The amounts in respect of the obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.
8 Directors' benefits: advances, credits and guarantees
Other debtors includes a loan from the company to the director Kathryn Miller of £67 (2024 £0) and a loan from the company to the director Paul Watkinson of £1,141 (2023 £415).
9 Controlling party
Kathryn Miller and Paul Watkinson each own 50% of the company's shares.
10 Other information
Natural Swimming Pools Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Maltings Barn
Hinderclay Road
Wattisfield
Suffolk
IP22 1NF
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