Company Registration No. 11391984 (England and Wales)
Peninsula Pools Ltd
Unaudited accounts
for the year ended 30 June 2024
Peninsula Pools Ltd
Unaudited accounts
Contents
Peninsula Pools Ltd
Company Information
for the year ended 30 June 2024
Directors
Mark Phillips
Chris Cox
Company Number
11391984 (England and Wales)
Registered Office
UNIT 9G THE ODYSSEY CENTRE
DUKE STREET
BIRKENHEAD
WIRRAL
CH41 1LB
UNITED KINGDOM
Accountants
Periscope Chartered Accountants
First Floor
Swan Buildings
Manchester
Lancashire
M4 5JW
Peninsula Pools Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
92,299
98,812
Cash at bank and in hand
192,205
91,485
Creditors: amounts falling due within one year
(177,758)
(88,743)
Net current assets
88,637
60,346
Total assets less current liabilities
180,936
159,158
Creditors: amounts falling due after more than one year
(33,332)
(51,021)
Provisions for liabilities
Deferred tax
(23,074)
(24,703)
Other provisions
(50,295)
-
Called up share capital
100
100
Profit and loss account
74,135
83,334
Shareholders' funds
74,235
83,434
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Mark Phillips
Director
Company Registration No. 11391984
Peninsula Pools Ltd
Notes to the Accounts
for the year ended 30 June 2024
Peninsula Pools Ltd is a private company, limited by shares, registered in England and Wales, registration number 11391984. The registered office is UNIT 9G THE ODYSSEY CENTRE, DUKE STREET, BIRKENHEAD, WIRRAL, CH41 1LB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
25% Reducing balance
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
4,787
134,164
11,253
150,204
Additions
-
18,200
-
18,200
At 30 June 2024
4,787
152,364
11,253
168,404
At 1 July 2023
1,552
42,603
7,237
51,392
Charge for the year
485
22,891
1,337
24,713
At 30 June 2024
2,037
65,494
8,574
76,105
At 30 June 2024
2,750
86,870
2,679
92,299
At 30 June 2023
3,235
91,561
4,016
98,812
Peninsula Pools Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
55,682
43,800
Accrued income and prepayments
7,750
3,797
Other debtors
4,000
10,007
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,348
10,000
Obligations under finance leases and hire purchase contracts
7,525
7,525
Trade creditors
133,300
46,161
Taxes and social security
27,081
10,691
Other creditors
8,917
3,107
Loans from directors
(21,772)
8,112
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,934
30,367
8
Provisions for liabilities
£
Additional provisions made during the period
50,295
The provision for bad debts as at 30/06/2024 relates to specific trade receivables that are not expected to be recoverable. Management has assessed the collectability of outstanding debts on an individual customer basis and recognised a provision against those specific balances where objective evidence indicates that recovery is doubtful.
The provision has been calculated with reference to identified accounts where past experience and current information suggest that recovery is uncertain. These specific debts have been subject to individual assessment.
The carrying amount of trade receivables in the financial statements represents their fair value after deducting this specific provision.
Peninsula Pools Ltd
Notes to the Accounts
for the year ended 30 June 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Opening balance
8,923
-
-
8,923
Advances
-
63,269
-
63,269
Dividends received
-
-
35,000
(35,000)
Net salary
-
-
12,000
(12,000)
Opening balance
(17,035)
-
-
(17,035)
Advances
-
60,926
-
60,926
Dividends received
-
-
35,000
(35,000)
Net salary
-
-
12,000
(12,000)
(8,112)
124,195
94,311
21,772
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).