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REGISTERED NUMBER: 01432017















SWIMMING POOL SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






SWIMMING POOL SUPPLIES LTD (REGISTERED NUMBER: 01432017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWIMMING POOL SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C Enticott
G K Westerby





REGISTERED OFFICE: The Old Ferrari Garage
Rugby Road
Brandon
Rugby
Warwickshire
CV8 3GG





REGISTERED NUMBER: 01432017





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

SWIMMING POOL SUPPLIES LTD (REGISTERED NUMBER: 01432017)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,045 31,511

CURRENT ASSETS
Stocks 8,500 8,400
Debtors 5 80,929 186,968
Cash at bank 224,669 299,867
314,098 495,235
CREDITORS
Amounts falling due within one year 6 89,904 133,570
NET CURRENT ASSETS 224,194 361,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,239

393,176

PROVISIONS FOR LIABILITIES 2,117 7,878
NET ASSETS 245,122 385,298

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 244,922 385,098
SHAREHOLDERS' FUNDS 245,122 385,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 February 2025 and were signed on its behalf by:




G K Westerby - Director


SWIMMING POOL SUPPLIES LTD (REGISTERED NUMBER: 01432017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Swimming Pool Supplies Ltd is a private company, limited by shares , registered in Not specified/Other. 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 (£).


The financial statements are rounded to the nearest £1.

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.

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 and 25% 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.

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.

SWIMMING POOL SUPPLIES LTD (REGISTERED NUMBER: 01432017)

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

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognized when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 93,912
DEPRECIATION
At 1 July 2023 62,401
Charge for year 8,466
At 30 June 2024 70,867
NET BOOK VALUE
At 30 June 2024 23,045
At 30 June 2023 31,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,693 177,123
Other debtors 8,236 9,845
80,929 186,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,383 30,542
Taxation and social security 47,350 100,220
Other creditors 3,171 2,808
89,904 133,570

SWIMMING POOL SUPPLIES LTD (REGISTERED NUMBER: 01432017)

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

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,333 16,000
Between one and five years - 13,333
13,333 29,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100
60 Ordinary A £1.00 60 60
40 Ordinary B £1.00 40 40
200 200

Ordinary A Shares

A shares shall carry no right to attend or speak at any general meetings of the company. A shares shall carry no right to vote whatsoever, whether the vote is on a show of hands, a poll or a resolution in writing. A shares are entitled pari passu to dividend payments or any other distribution. Each A share is entitled pari passu to participate in distribution arising from winding up of the company.


Ordinary B Shares

B shares shall carry no right to attend or speak at any general meetings of the company. B shares shall carry no right to vote whatsoever, whether the vote is on a show of hands, a poll or a resolution in writing. The rights attached to the B shares may from time to time, whether or not the company is being wound up, be varied or abrogated with the consent in writing of the holders of not less than 75% in normal value of ordinary shares or with the sanction of a special resolution passed at a separate meeting of the holders of ordinary shares, but not otherwise. No B shares shall be allotted to any employee, director, prospective employee or director unless such person has entered into a joint election with the company under Section 431 of the income tax (earning and pensions) Act 2003. No B shareholder shall have the right to participate in the allotment of B shares by the company to any person other than to himself or herself.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G K Westerby.

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,392 (2023 £1,817). Contributions totalling £267 (2023 £366) were payable to the fund at the balance sheet date and are included within Other creditors.