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mptionReserve2024-10-31
REGISTERED NUMBER: 05956913 (England and Wales)









STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 OCTOBER 2024

FOR

COMPLETE POOL CONTROLS LIMITED

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 January 2024 to 31 October 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Profit and Loss Account 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


COMPLETE POOL CONTROLS LIMITED

COMPANY INFORMATION
for the Period 1 January 2024 to 31 October 2024







DIRECTORS: M C Ramsden
A D M Page
C Mayer-Klenk





REGISTERED OFFICE: 7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN





REGISTERED NUMBER: 05956913 (England and Wales)





AUDITORS: Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

STRATEGIC REPORT
for the Period 1 January 2024 to 31 October 2024

The directors present their strategic report for the period 1 January 2024 to 31 October 2024.

REVIEW OF BUSINESS
The company sells water treatment, dosing and testing solutions across the UK.

The company achieved a pre-tax profit of £1,085,104 for the 10-month period ended 31 October 2024, compared with £856,726 in the previous year. At 31 October 2024 shareholders funds were £6.1m compared with £7.0m at the end of the previous year.

PRINCIPAL RISKS AND UNCERTAINTIES
Principal risks and uncertainties facing the company include: the general difficult trading conditions the economy presents; cost of living increases; and uncertainty as to exchange rate variations which affects the acquisition price of some of the company's purchases.

The company has a robust system of policies and procedures to ensure risks are recognised and mitigated. The directors monitor key risks on a regular basis and consider the company has limited exposure to price risk, credit risk, liquidity risk and cash flow risk.

DEVELOPMENT OF THE BUSINESS
In what is a reduced trading period by virtue of majority ownership change during the year, revenues were slightly down on budget due to lethargic markets and poor weather.

Having cleared excess overvalued stock in Quarter 1, margins recovered as the year progressed due to lower input costs of re-ordered product. Costs were well controlled during the period.

We thank our business partners and employees for their continued support and loyalty and look forward to the challenges of 2025 where we hope for improved weather to stimulate industry revenues.

KEY PERFORMANCE INDICATORS
Key performance indicators that are focused on by management include turnover and growth rate, direct costs and gross profit margin, overheads costs, and stock holding levels. Each of these are reviewed regularly by management against the budget and prior periods. The directors are pleased with the performance of the company during the year with regard to these indicators.

ON BEHALF OF THE BOARD:





Director


10 December 2024

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

REPORT OF THE DIRECTORS
for the Period 1 January 2024 to 31 October 2024

The directors present their report with the financial statements of the company for the period 1 January 2024 to 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company remains unchanged, namely the wholesale of recreational water chemicals and related dosing equipment.

DIVIDENDS
No dividends will be distributed for the period ended 31 October 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M C Ramsden
A D M Page
C Mayer-Klenk

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

REPORT OF THE DIRECTORS
for the Period 1 January 2024 to 31 October 2024


AUDITORS
The auditors, Kingscott Dix (Cheltenham) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M C Ramsden - Director


10 December 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COMPLETE POOL CONTROLS LIMITED

Opinion
We have audited the financial statements of Complete Pool Controls Limited (the 'company') for the period ended 31 October 2024 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2024 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COMPLETE POOL CONTROLS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

inspection of the Company's relevant correspondence; a review of Companies House filings; and discussions with the Directors. We discussed laws and regulations throughout our team and remained alert to any indication of non-compliance throughout the audit. The potential effect of the law and regulations on the financial statements varies considerably.

Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation and taxation legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Secondly, the Company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts disclosed in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: food safety, health and safety, GDPR, and employment laws and regulations, recognising the nature of the Company's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiries of management, and inspection of regulatory and legal correspondence, if any. These limited procedures did not identify actual or suspected non-compliance.

Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. As with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
COMPLETE POOL CONTROLS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Gwyneth Milner (Senior Statutory Auditor)
for and on behalf of Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

19 December 2024

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

PROFIT AND LOSS ACCOUNT
for the Period 1 January 2024 to 31 October 2024

Period
1.1.24
to Year Ended
31.10.24 31.12.23
Notes £    £   

TURNOVER 3 9,312,299 10,734,055

Cost of sales (7,122,205 ) (8,521,395 )
GROSS PROFIT 2,190,094 2,212,660

Administrative expenses (1,183,494 ) (1,398,149 )
OPERATING PROFIT 6 1,006,600 814,511

Interest receivable and similar income 78,814 42,215
1,085,414 856,726

Interest payable and similar expenses 7 (310 ) -
PROFIT BEFORE TAXATION 1,085,104 856,726

Tax on profit 8 (287,987 ) (213,092 )
PROFIT FOR THE FINANCIAL PERIOD 797,117 643,634

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

OTHER COMPREHENSIVE INCOME
for the Period 1 January 2024 to 31 October 2024

Period
1.1.24
to Year Ended
31.10.24 31.12.23
Notes £    £   

PROFIT FOR THE PERIOD 797,117 643,634


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

797,117

643,634

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 10 2,261 3,422
Tangible assets 11 214,781 198,756
Investments 12 20,992 20,992
238,034 223,170

CURRENT ASSETS
Stocks 13 2,734,282 2,957,680
Debtors 14 1,545,648 1,361,082
Cash at bank 3,338,049 3,673,858
7,617,979 7,992,620
CREDITORS
Amounts falling due within one year 15 (1,737,757 ) (1,202,601 )
NET CURRENT ASSETS 5,880,222 6,790,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,118,256

7,013,189

PROVISIONS FOR LIABILITIES 18 (25,560 ) (17,810 )
NET ASSETS 6,092,696 6,995,379

CAPITAL AND RESERVES
Called up share capital 19 158,629 189,906
Capital redemption reserve 20 99,671 68,294
Retained earnings 20 5,834,396 6,737,179
SHAREHOLDERS' FUNDS 6,092,696 6,995,379

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:





M C Ramsden - Director


COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

STATEMENT OF CHANGES IN EQUITY
for the Period 1 January 2024 to 31 October 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 January 2023 191,006 6,360,557 67,194 6,618,757

Changes in equity
Share buy back (1,100 ) (80,904 ) 1,100 (80,904 )
Dividends - (186,108 ) - (186,108 )
Total comprehensive income - 643,634 - 643,634
Balance at 31 December 2023 189,906 6,737,179 68,294 6,995,379

Changes in equity
Increase in share capital 100 - - 100
Share buy back (31,377 ) (1,699,900 ) 31,377 (1,699,900 )
Total comprehensive income - 797,117 - 797,117
Balance at 31 October 2024 158,629 5,834,396 99,671 6,092,696

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

CASH FLOW STATEMENT
for the Period 1 January 2024 to 31 October 2024

Period
1.1.24
to Year Ended
31.10.24 31.12.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,506,902 2,508,255
Interest paid (310 ) -
Tax paid (215,382 ) (240,795 )
Net cash from operating activities 1,291,210 2,267,460

Cash flows from investing activities
Purchase of tangible fixed assets (106,084 ) (94,283 )
Sale of tangible fixed assets 25,000 7,500
Interest received 78,814 42,215
Net cash from investing activities (2,270 ) (44,568 )

Cash flows from financing activities
Amount introduced by directors 98,900 23,749
Amount withdrawn by directors (23,749 ) (95,503 )
Share buy back (1,699,900 ) (80,904 )
Equity dividends paid - (186,108 )
Net cash from financing activities (1,624,749 ) (338,766 )

(Decrease)/increase in cash and cash equivalents (335,809 ) 1,884,126
Cash and cash equivalents at beginning of
period

2

3,673,858

1,789,732

Cash and cash equivalents at end of
period

2

3,338,049

3,673,858

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE CASH FLOW STATEMENT
for the Period 1 January 2024 to 31 October 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Profit before taxation 1,085,104 856,726
Depreciation charges 81,812 101,851
Profit on disposal of fixed assets (15,592 ) (6,985 )
Finance costs 310 -
Finance income (78,814 ) (42,215 )
1,072,820 909,377
Decrease in stocks 223,398 1,526,936
(Increase)/decrease in trade and other debtors (184,566 ) 194,575
Increase/(decrease) in trade and other creditors 395,250 (122,633 )
Cash generated from operations 1,506,902 2,508,255

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 October 2024
31.10.24 1.1.24
£    £   
Cash and cash equivalents 3,338,049 3,673,858
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 3,673,858 1,789,732


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank 3,673,858 (335,809 ) 3,338,049
3,673,858 (335,809 ) 3,338,049
Total 3,673,858 (335,809 ) 3,338,049

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 January 2024 to 31 October 2024

1. STATUTORY INFORMATION

Complete Pool Controls 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The following significant judgements and estimations have been used in the preparation of the the financial statements: provision against slow moving and obsolete stock; provision against potentially unrecoverable trade debtor balances; and estimation of the useful life of fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on the sale of goods when they are delivered to customers.

Intangible assets
Intangible assets are initially measured at cost. Amortisation is provided at the following annual rate in order to write off the asset over its estimated useful life.

Trade Marks - 25% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving stock. Cost is recognised as direct purchase cost plus absorption of a fair proportion of direct labour and overhead cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

2. ACCOUNTING POLICIES - continued
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 period 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 reported as part of the profit and loss account for the year.

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.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Chemicals 8,757,536 10,242,344
Equipment 264,825 236,201
Spares and other sales 289,938 255,510
9,312,299 10,734,055

An analysis of turnover by geographical market is given below:

Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
United Kingdom 9,133,392 10,601,924
Europe 178,907 132,131
9,312,299 10,734,055

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

4. EMPLOYEES AND DIRECTORS
Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Wages and salaries 1,301,801 1,452,256
Social security costs 108,577 120,625
Other pension costs 26,197 31,291
1,436,575 1,604,172

The average number of employees during the period was as follows:
Period
1.1.24
to Year Ended
31.10.24 31.12.23

Directors 2 2
Distribution and administration 7 7
Production and warehouse 29 33
38 42

5. DIRECTORS' EMOLUMENTS
Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Directors' remuneration 184,931 150,285

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

The directors are considered to be the key management personnel of the business.

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Depreciation - owned assets 80,651 100,137
Profit on disposal of fixed assets (15,592 ) (6,985 )
Trade marks amortisation 1,161 1,714
Auditor's remuneration - audit 10,000 10,000
Auditor's remuneration - other services 2,750 2,750

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

7. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Bank interest 310 -

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Current tax:
UK corporation tax 280,237 212,742
Over provision in prior years - 2,640
Total current tax 280,237 215,382

Deferred tax 7,750 (2,290 )
Tax on profit 287,987 213,092

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Profit before tax 1,085,104 856,726
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 23.520%)

271,276

201,502

Effects of:
Expenses not deductible for tax purposes 2,902 2,587
Adjustments to tax charge in respect of previous periods - 2,640
Other items 13,809 6,363
Total tax charge 287,987 213,092

The company incurred UK corporation tax at 25% from 1 April 2023.

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

9. DIVIDENDS
Period
1.1.24
to Year Ended
31.10.24 31.12.23
£    £   
Ordinary Shares shares of £1 each
Final - 186,108

Dividends were paid to the directors of £nil (2023 - £131,814). Dividends were paid to a company controlled by a director of £nil (2023 - £54,147).

10. INTANGIBLE FIXED ASSETS
Trade
marks
£   
COST
At 1 January 2024
and 31 October 2024 28,390
AMORTISATION
At 1 January 2024 24,968
Amortisation for period 1,161
At 31 October 2024 26,129
NET BOOK VALUE
At 31 October 2024 2,261
At 31 December 2023 3,422

11. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 168,226 119,179 80,699
Additions - 5,800 3,871
Disposals - - -
At 31 October 2024 168,226 124,979 84,570
DEPRECIATION
At 1 January 2024 143,076 74,515 64,742
Charge for period 3,493 13,563 6,483
Eliminated on disposal - - -
At 31 October 2024 146,569 88,078 71,225
NET BOOK VALUE
At 31 October 2024 21,657 36,901 13,345
At 31 December 2023 25,150 44,664 15,957

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

11. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 250,309 80,987 699,400
Additions 92,912 3,501 106,084
Disposals (74,900 ) - (74,900 )
At 31 October 2024 268,321 84,488 730,584
DEPRECIATION
At 1 January 2024 160,639 57,672 500,644
Charge for period 44,741 12,371 80,651
Eliminated on disposal (65,492 ) - (65,492 )
At 31 October 2024 139,888 70,043 515,803
NET BOOK VALUE
At 31 October 2024 128,433 14,445 214,781
At 31 December 2023 89,670 23,315 198,756

12. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 October 2024 20,992
NET BOOK VALUE
At 31 October 2024 20,992
At 31 December 2023 20,992

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Complete Pool Chemicals Limited
Registered office: 7 Rockfield Business Park, Old Station Drive, Leckhampton, Cheltenham, GL53 0AN
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

12. FIXED ASSET INVESTMENTS - continued

CPC Germany GmbH
Registered office: Bahnhofstr 68, 73240 Wendlingen, Germany
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 20,991 20,991

13. STOCKS
2024 2023
£    £   
Raw materials 1,333,500 1,565,441
Packaging 421,450 464,002
Finished goods 979,332 928,237
2,734,282 2,957,680

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,439,033 1,270,165
Other debtors 24,797 -
Prepayments 81,818 90,917
1,545,648 1,361,082

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 851,911 683,369
Amounts owed to group undertakings 135,235 -
Corporation tax 150,237 85,382
Social security and other taxes 71,603 43,293
VAT 313,089 249,502
Directors' current accounts 98,900 23,749
Accruals 116,782 117,306
1,737,757 1,202,601

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 188,509 191,328
Between one and five years 706,070 722,762
In more than five years 28,101 168,604
922,680 1,082,694

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

16. LEASING AGREEMENTS - continued

During the period the company incurred costs under operating leases of £159,546 (2023 - £192,454).

17. SECURED DEBTS

Security has been given by way of a fixed and floating charge over the assets of the company.

18. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,560 17,810

Deferred
tax
£   
Balance at 1 January 2024 17,810
Provided during period 7,750
Balance at 31 October 2024 25,560

The deferred tax provision will unwind in future years, as the difference between the net book value of fixed assets for accounting purposes, aligns with the written down value of fixed assets for tax purposes.

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
103,377 Ordinary Shares £1 103,377 131,604
(2023 - 131,604
)
55,252 A Ordinary Shares £1 55,252 55,252
NIL B Ordinary Shares £1 - 3,050
(2023 - 3,050 )
158,629 189,906

The following shares were issued during the period for cash at par :

100 B Ordinary Shares shares of £1

During the period, the company bought back 3,150 B Ordinary shares and 28,227 Ordinary Shares.

The Ordinary shares and A Ordinary shares have full voting, dividend and capital rights. The B Ordinary shares have full capital rights.

COMPLETE POOL CONTROLS LIMITED (REGISTERED NUMBER: 05956913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2024 to 31 October 2024

20. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 6,737,179 68,294 6,805,473
Profit for the period 797,117 - 797,117
Share buy back (1,699,900 ) 31,377 (1,668,523 )
At 31 October 2024 5,834,396 99,671 5,934,067

The company has recognised the following reserves:

Capital redemption reserve - comprises the nominal value of own shares repurchased.

Retained earnings - comprises accumulated profits and losses plus other comprehensive income less dividends.

21. RELATED PARTY DISCLOSURES

During the period the company purchased stock from fellow group companies of £1,287,300 (2023 - £1,114,903). At the period end the company owed £261,541 (2023 - £nil).

At the period end, the company owed the directors £98,900 (2023 - £23,749) as a short term, interest-free loan. This was repaid shortly after the period end.

22. ULTIMATE CONTROLLING PARTY

The company is controlled by Chemoform AG, a company incorporated in Germany.