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REGISTERED NUMBER: SC444775 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Rex Pool Sales Ltd

Rex Pool Sales Ltd (Registered number: SC444775)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rex Pool Sales Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: C Sheeran
O C Sheeran
Ms S M Sheeran





REGISTERED OFFICE: 76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY





REGISTERED NUMBER: SC444775 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Rex Pool Sales Ltd (Registered number: SC444775)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 136,489 103,029

CURRENT ASSETS
Stocks 372,808 336,064
Debtors 5 26,282 6,800
Cash at bank 186,485 116,846
585,575 459,710
CREDITORS
Amounts falling due within one year 6 219,686 126,830
NET CURRENT ASSETS 365,889 332,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,378

435,909

CREDITORS
Amounts falling due after more than one
year

7

55,696

16,672
NET ASSETS 446,682 419,237

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 446,580 419,135
SHAREHOLDERS' FUNDS 446,682 419,237

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 May 2025 and were signed on its behalf by:





C Sheeran - Director


Rex Pool Sales Ltd (Registered number: SC444775)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Rex Pool Sales Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 1,124 29,203 127,313 6,956 164,596
Additions 4,271 - 55,500 - 59,771
At 30 September 2024 5,395 29,203 182,813 6,956 224,367
DEPRECIATION
At 1 October 2023 509 18,562 39,646 2,850 61,567
Charge for year 708 2,660 21,917 1,026 26,311
At 30 September 2024 1,217 21,222 61,563 3,876 87,878
NET BOOK VALUE
At 30 September 2024 4,178 7,981 121,250 3,080 136,489
At 30 September 2023 615 10,641 87,667 4,106 103,029

Rex Pool Sales Ltd (Registered number: SC444775)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 55,500
At 30 September 2024 55,500
NET BOOK VALUE
At 30 September 2024 55,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 4,590 6,800
Other debtors 21,692 -
26,282 6,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 10,000 10,000
Hire purchase contracts 7,031 -
Trade creditors 52,581 -
Tax 25,123 45,142
Social security and other taxes 3,921 3,026
VAT 10,582 8,335
Pension Creditor - 555
Directors' current accounts 2,883 6,932
Accruals and deferred income 104,497 50,047
Accrued expenses 3,068 2,793
219,686 126,830

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans - 1-2 years 7,812 16,672
Hire purchase contracts 47,884 -
55,696 16,672