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Company Registration No. 06911621 (England and Wales)
Poole Bay Warehousing Limited Unaudited accounts for the year ended 31 August 2024
Poole Bay Warehousing Limited Unaudited accounts Contents
Page
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Poole Bay Warehousing Limited Company Information for the year ended 31 August 2024
Directors
R J Mcgowan A J Squires
Company Number
06911621 (England and Wales)
Registered Office
79 Condor Close Woolsbridge Industrial Estate Three Legged Cross Dorset BH21 6SU
Accountants
Peats Alum House Discovery Court 551-553 Wallisdown Road Poole BH12 5AG
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Poole Bay Warehousing Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
508,559 
590,447 
Current assets
Debtors
336,900 
424,212 
Cash at bank and in hand
39,251 
155,007 
376,151 
579,219 
Creditors: amounts falling due within one year
(581,495)
(623,567)
Net current liabilities
(205,344)
(44,348)
Total assets less current liabilities
303,215 
546,099 
Creditors: amounts falling due after more than one year
(92,620)
(218,005)
Net assets
210,595 
328,094 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
209,595 
327,094 
Shareholders' funds
210,595 
328,094 
For the year ending 31 August 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 14 April 2024 and were signed on its behalf by
A J Squires Director Company Registration No. 06911621
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Poole Bay Warehousing Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Poole Bay Warehousing Limited is a private company, limited by shares, registered in England and Wales, registration number 06911621. The registered office is 79 Condor Close, Woolsbridge Industrial Estate, Three Legged Cross, Dorset, BH21 6SU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees under which the company pays fixed contributions to a separate entity. The assets of the plan are held separately from the company in independently administered funds. Contributions payable are recognised in the profit and loss account when they fall due.
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: Leasehold land and buildings - straight line over the lease term. Plant and machinery - 6% and 20% straight line. Furniture, fittings and equipment - 25% straight line.
Leased assets
Where the company takes substantially all the risks and rewards of ownership of an asset the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the company are treated as operating leases. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Poole Bay Warehousing Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
38,728 
733,446 
46,250 
818,424 
Additions
- 
- 
3,608 
3,608 
At 31 August 2024
38,728 
733,446 
49,858 
822,032 
Depreciation
At 1 September 2023
2,367 
197,431 
28,179 
227,977 
Charge for the year
2,719 
78,114 
4,663 
85,496 
At 31 August 2024
5,086 
275,545 
32,842 
313,473 
Net book value
At 31 August 2024
33,642 
457,901 
17,016 
508,559 
At 31 August 2023
36,361 
536,015 
18,071 
590,447 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
146,984 
183,730 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
201,404 
191,195 
Accrued income and prepayments
51,839 
133,909 
Other debtors
83,657 
99,108 
336,900 
424,212 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,240 
6,307 
Obligations under finance leases and hire purchase contracts
41,123 
45,825 
Trade creditors
283,741 
365,163 
Amounts owed to group undertakings and other participating interests
160,355 
116,155 
Taxes and social security
79,576 
59,896 
Other creditors
2,424 
1,631 
Loans from directors
1,345 
- 
Accruals
6,691 
28,590 
581,495 
623,567 
Amounts due to Lloyds Bank Commercial Finance Limited are secured by fixed and floating charges over the assets of the company.
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Poole Bay Warehousing Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,853 
32,408 
Obligations under finance leases and hire purchase contracts
65,767 
104,098 
Loans from directors
- 
81,499 
92,620 
218,005 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
The company has an interest free current account with its associated company Three Legged Transport Limited. At the balance sheet date the amount outstanding was £160,355 owed to (2023 - £116,155 owed to).
10
Average number of employees
During the year the average number of employees was 18 (2023: 20).
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