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Company No: 01316605 (England and Wales)

POOLE CANVAS CO. LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

POOLE CANVAS CO. LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

POOLE CANVAS CO. LIMITED

BALANCE SHEET

As at 30 September 2024
POOLE CANVAS CO. LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,136 2,848
2,136 2,848
Current assets
Debtors 4 552 21,643
Cash at bank and in hand 36,544 ( 373)
37,096 21,270
Creditors: amounts falling due within one year 5 ( 39,609) ( 12,440)
Net current (liabilities)/assets (2,513) 8,830
Total assets less current liabilities (377) 11,678
Net (liabilities)/assets ( 377) 11,678
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 477 ) 11,578
Total shareholder's (deficit)/funds ( 377) 11,678

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Poole Canvas Co. Limited (registered number: 01316605) were approved and authorised for issue by the Board of Directors on 27 June 2025. They were signed on its behalf by:

P T Lees
Director
POOLE CANVAS CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
POOLE CANVAS CO. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Poole Canvas Co. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 October 2023 28,205 28,205
At 30 September 2024 28,205 28,205
Accumulated depreciation
At 01 October 2023 25,357 25,357
Charge for the financial year 712 712
At 30 September 2024 26,069 26,069
Net book value
At 30 September 2024 2,136 2,136
At 30 September 2023 2,848 2,848

4. Debtors

2024 2023
£ £
Other debtors 552 21,643

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,676 0
Other taxation and social security 2,481 6,721
Other creditors 35,452 5,719
39,609 12,440

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100