Pool Supplies Ltd - Filleted accounts

Pool Supplies Ltd
Registered number:		06825852
Statement of Financial Position
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		203,438			180,722

Current assets
Stocks		109,451			101,240
Debtors	4	10,816			24,789
Cash at bank and in hand		41,432			23,514
		161,699			149,543

Creditors: amounts falling due within one year	5	(313,855)			(279,861)

Net current liabilities			(152,156)			(130,318)

Total assets less current liabilities			51,282			50,404

Creditors: amounts falling due after more than one year	6		(21,097)			(38,112)

Provisions for liabilities			(7,148)			(2,183)


Net assets			23,037			10,109

Capital and reserves
Called up share capital			120			120
Profit and loss account			22,917			9,989

Shareholders' funds			23,037			10,109

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Spriggs
Director
Approved by the board on 15 September 2025

Pool Supplies Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance
	Leasehold improvements			over 10 years

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors							2025		2024
Number									Number

	Average number of directors and persons employed by the company							3		4


3	Tangible fixed assets
		Leasehold improvements		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£		£
	Cost
	At 1 March 2024	54,564		184,240		32,889		-		271,693
	Additions	3,100		-		2,726		32,496		38,322
	At 28 February 2025	57,664		184,240		35,615		32,496		310,015

	Depreciation
	At 1 March 2024	54,564		14,740		21,667		-		90,971
	Charge for the year	310		3,685		3,487		8,124		15,606
	At 28 February 2025	54,874		18,425		25,154		8,124		106,577

	Net book value
	At 28 February 2025	2,790		165,815		10,461		24,372		203,438
	At 29 February 2024	-		169,500		11,222		-		180,722




4	Debtors							2025		2024
£									£

	Trade debtors							10,626		18,000
	Prepayments							-		6,244
	Other debtors							190		545
								10,816		24,789


5	Creditors: amounts falling due within one year							2025		2024
£									£

	Bank loans and overdrafts							35,172		56,259
	Obligations under finance lease and hire purchase contracts							7,263		2,456
	Trade creditors							214,269		193,367
	Accruals							2,325		1,450
	Corporation tax							-		5,210
	Other taxes and social security costs							3,006		5,154
	Other creditors							51,820		15,965
								313,855		279,861


6	Creditors: amounts falling due after one year							2025		2024
£									£

	Bank loans							2,941		38,112
	Obligations under finance lease and hire purchase contracts							18,156		-
								21,097		38,112


7	Other information

	Pool Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	15 Osborne Road
	Farnborough
	Hampshire
	GU14 6AA