REGISTERED NUMBER: 04211911 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ADVANCED POOLS SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Hogg

Miss C J Hobbs

SECRETARY:

Mrs J Norris

REGISTERED OFFICE:

72 Hanbury Road

Stoke Prior

Bromsgrove

Worcestershire

B60 4DN

REGISTERED NUMBER:

04211911 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

57,655

47,906

CURRENT ASSETS

Stocks

23,107

9,263

Debtors

5

417,374

385,581

Cash at bank

726,210

776,722

1,166,691

1,171,566

CREDITORS

Amounts falling due within one year

6

182,454

217,337

NET CURRENT ASSETS

984,237

954,229

TOTAL ASSETS LESS CURRENT LIABILITIES

1,041,892

1,002,135

PROVISIONS FOR LIABILITIES

-

7,600

NET ASSETS

1,041,892

994,535

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Capital redemption reserve

2,500

2,500

Retained earnings

1,036,892

989,535

SHAREHOLDERS' FUNDS

1,041,892

994,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

Mr M J Hogg - Director

1.	STATUTORY INFORMATION

Advanced Pools Service 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.

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

-

varying rates on reducing balance & cost

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 Income Statement, 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.

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 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2023

166,392

Additions

56,208

Disposals

(41,554

)

At 31 August 2024

181,046

DEPRECIATION

At 1 September 2023

118,486

Charge for year

27,802

Eliminated on disposal

(22,897

)

At 31 August 2024

123,391

NET BOOK VALUE

At 31 August 2024

57,655

At 31 August 2023

47,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade debtors

293,269

259,741

Other debtors

124,105

125,840

417,374

385,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Trade creditors

74,618

105,567

Taxation and social security

64,045

68,063

Other creditors

43,791

43,707

182,454

217,337

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.24

31.8.23

£

£

Within one year

-

9,713

Between one and five years

33,304

-

In more than five years

145,688

-

178,992

9,713

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Hogg.