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REGISTERED NUMBER: 06576682 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Red Fox Pools Limited

Red Fox Pools Limited (Registered number: 06576682)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Red Fox Pools Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C J Elsden





REGISTERED OFFICE: Chiltlee Manor
50 Chiltlee Manor Estate
Liphook
Hampshire
GU30 7AZ





REGISTERED NUMBER: 06576682 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

Red Fox Pools Limited (Registered number: 06576682)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 27,249 41,439

CURRENT ASSETS
Stocks 12,458 82,854
Debtors 5 1,490,490 1,221,548
Cash at bank and in hand 4,487 68,303
1,507,435 1,372,705
CREDITORS
Amounts falling due within one year 899,186 731,123
NET CURRENT ASSETS 608,249 641,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,498

683,021

CREDITORS
Amounts falling due after more than one
year

(37,500

)

(87,500

)

PROVISIONS FOR LIABILITIES (6,812 ) (9,566 )
NET ASSETS 591,186 585,955

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 591,086 585,855
591,186 585,955

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 director acknowledges his 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.

Red Fox Pools Limited (Registered number: 06576682)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 29 May 2025 and were signed by:





C J Elsden - Director


Red Fox Pools Limited (Registered number: 06576682)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Red Fox Pools 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of swimming pools, swimming pool maintenance and the sale of swimming pool components, excluding value added tax.

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 - 50% on cost and 20% on cost
Tools and equipment - 25% on cost
Motor vehicles - 33% on cost and 25% on cost
Computer equipment - 50% on cost and 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are offset only when the company currently has a legally enforceable right to set off the recognised amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors which are receivable within one year and which do not constitute a financing transaction are initially measured at the transaction price. Debtors are subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses.

A provision for impairment of debtors is established when there is evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in the profit or loss for the excess of the carrying value of the debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event accruing after the impairment loss are recognised immediately in the profit and loss account.

Creditors which are payable within one year and which do not constitute a financing transaction are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.


Red Fox Pools Limited (Registered number: 06576682)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

Red Fox Pools Limited (Registered number: 06576682)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 281,293
Additions 7,482
Disposals (32,540 )
At 31 August 2024 256,235
DEPRECIATION
At 1 September 2023 239,854
Charge for year 21,672
Eliminated on disposal (32,540 )
At 31 August 2024 228,986
NET BOOK VALUE
At 31 August 2024 27,249
At 31 August 2023 41,439

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other debtors 689,001 679,892

6. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 87,500 188,926

HSBC Bank Plc hold a debenture dated 16 October 2009 which secures all monies due or to become due to HSBC Bank Plc on any account whatsoever.

The director has provided a personal guarantee of £440,000 (2023: £440,000) in favour of HSBC Bank Plc.

7. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £9,166 (2023 - £64,167).