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Unaudited Financial Statements

for the Period 8 May 2023 to 31 March 2024

for

PoolSchools VC Ltd

PoolSchools VC Ltd (Registered number: 14854128)

Contents of the Financial Statements
for the Period 8 May 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PoolSchools VC Ltd

Company Information
for the Period 8 May 2023 to 31 March 2024







DIRECTORS: Mrs C A Carr
R J Vowell





REGISTERED OFFICE: 2 Roman
East Tilbury
Tilbury
London
RM18 8SE





REGISTERED NUMBER: 14854128 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

PoolSchools VC Ltd (Registered number: 14854128)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 266,510
Tangible assets 5 5,303
271,813

CURRENT ASSETS
Debtors 6 5,705
Cash at bank 205,330
211,035
CREDITORS
Amounts falling due within one year 7 383,424
NET CURRENT LIABILITIES (172,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,424

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 99,324
SHAREHOLDERS' FUNDS 99,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 27 September 2024 and were signed on its behalf by:





R J Vowell - Director


PoolSchools VC Ltd (Registered number: 14854128)

Notes to the Financial Statements
for the Period 8 May 2023 to 31 March 2024


1. STATUTORY INFORMATION

PoolSchools VC Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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 - 25% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 78 .

PoolSchools VC Ltd (Registered number: 14854128)

Notes to the Financial Statements - continued
for the Period 8 May 2023 to 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 285,037
At 31 March 2024 285,037
AMORTISATION
Amortisation for period 18,527
At 31 March 2024 18,527
NET BOOK VALUE
At 31 March 2024 266,510

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 7,070
At 31 March 2024 7,070
DEPRECIATION
Charge for period 1,767
At 31 March 2024 1,767
NET BOOK VALUE
At 31 March 2024 5,303

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,065
Prepayments 2,640
5,705

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2
Tax 43,310
Social security and other taxes 8,193
VAT 28,651
Other creditors 40,788
Loan 224,480
Directors' current accounts 36,000
Accrued expenses 2,000
383,424

PoolSchools VC Ltd (Registered number: 14854128)

Notes to the Financial Statements - continued
for the Period 8 May 2023 to 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.