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REGISTERED NUMBER: 07451327 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Michael Poole Limited

Michael Poole Limited (Registered number: 07451327)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Poole Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R M Poole
Mrs E A Poole





REGISTERED OFFICE: 64-66 Borough Road
Middlesbrough
Cleveland
TS1 2JH





REGISTERED NUMBER: 07451327 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Michael Poole Limited (Registered number: 07451327)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 99,736 -
Tangible assets 5 48,680 1,225
148,416 1,225

CURRENT ASSETS
Debtors 6 280,878 340,091
Cash at bank 217,034 333,000
497,912 673,091
CREDITORS
Amounts falling due within one year 7 118,035 174,751
NET CURRENT ASSETS 379,877 498,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,293

499,565

CREDITORS
Amounts falling due after more than one
year

8

(35,146

)

(12,500

)

PROVISIONS FOR LIABILITIES (1,640 ) -
NET ASSETS 491,507 487,065

CAPITAL AND RESERVES
Called up share capital 10 20 20
Capital redemption reserve 80 80
Retained earnings 491,407 486,965
SHAREHOLDERS' FUNDS 491,507 487,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Michael Poole Limited (Registered number: 07451327)

Balance Sheet - continued
31 March 2025


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 4 August 2025 and were signed on its behalf by:





R M Poole - Director


Michael Poole Limited (Registered number: 07451327)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Michael Poole 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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. Income is recognised when a contract for the sale of goods or services is recognised as unconditional.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 10 years. Provision is made for any impairment.

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.

Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Rentals payable and receivable under operating leases are charged to the profit and loss account 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.

Michael Poole Limited (Registered number: 07451327)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 460,000
Additions 108,830
At 31 March 2025 568,830
AMORTISATION
At 1 April 2024 460,000
Charge for year 9,094
At 31 March 2025 469,094
NET BOOK VALUE
At 31 March 2025 99,736
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 - 3,651 3,651
Additions 52,053 2,419 54,472
At 31 March 2025 52,053 6,070 58,123
DEPRECIATION
At 1 April 2024 - 2,426 2,426
Charge for year 6,130 887 7,017
At 31 March 2025 6,130 3,313 9,443
NET BOOK VALUE
At 31 March 2025 45,923 2,757 48,680
At 31 March 2024 - 1,225 1,225

Michael Poole Limited (Registered number: 07451327)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 52,053
At 31 March 2025 52,053
DEPRECIATION
Charge for year 6,130
At 31 March 2025 6,130
NET BOOK VALUE
At 31 March 2025 45,923

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 13,268 5,561
Other debtors 267,610 334,530
280,878 340,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 77,106
Hire purchase contracts 5,104 -
Trade creditors 7,967 12,795
Taxation and social security 73,508 66,284
Other creditors 21,456 18,566
118,035 174,751

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,500 12,500
Hire purchase contracts 32,646 -
35,146 12,500

Michael Poole Limited (Registered number: 07451327)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 37,750 -
Bank loans - 67,105
37,750 67,105

The bank loan that was fully repaid in the year was secured by way of fixed and floating charges over all of the company's assets. The existing bank loan is unsecured.

The hire purchase liability was secured over the asset to which it related.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
20 Ordinary 1 20 20

11. OTHER FINANCIAL COMMITMENTS

Minimum lease payments fall due as follows:


Non-cancellable operating
leases
2025 2024
£ £
Within one year4,0408,155
Between one and five years19,99932,300
24,03940,455