REGISTERED NUMBER: 05261977 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

POOLE WATERFIELD LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mrs H C Gibbens

W J Waterfield

SECRETARY:

Mrs P H Waterfield

REGISTERED OFFICE:

Ground Floor

Custom House

Waterfront East

Brierley Hill

West Midlands

DY5 1XH

REGISTERED NUMBER:

05261977 (England and Wales)

FIXED ASSETS

Intangible assets

4

210,000

240,000

Tangible assets

5

8,766

10,952

218,766

250,952

CURRENT ASSETS

Debtors

6

238,907

313,470

Cash at bank and in hand

310,799

259,701

549,706

573,171

CREDITORS

Amounts falling due within one year

7

328,807

355,229

NET CURRENT ASSETS

220,899

217,942

TOTAL ASSETS LESS CURRENT LIABILITIES

439,665

468,894

PROVISIONS FOR LIABILITIES

1,445

1,816

NET ASSETS

438,220

467,078

CAPITAL AND RESERVES

Called up share capital

8

200,500

200,500

Capital redemption reserve

50,000

50,000

Retained earnings

187,720

216,578

SHAREHOLDERS' FUNDS

438,220

467,078

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

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

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 21 October 2025 and were signed on its behalf by:

W J Waterfield - Director

1.	STATUTORY INFORMATION

Poole Waterfield 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.

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 services, excluding value added tax, adjusted for movements in work in progress.

Goodwill

Goodwill is being written off at 5% per year on cost.

Goodwill is being amortised evenly over its estimated life of twenty years. The directors are satisfied that the period over which goodwill is being amortised reflects a reasonable estimate of its useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Work in progress

Work in progress is recognised in respect of unbilled time based on the estimated proportion of work done at the Balance Sheet date and the amount of fees which are considered recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

600,000

AMORTISATION

At 1 February 2024

360,000

Charge for year

30,000

At 31 January 2025

390,000

NET BOOK VALUE

At 31 January 2025

210,000

At 31 January 2024

240,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

11,344

51,277

26,535

89,156

Additions

-

-

5,245

5,245

At 31 January 2025

11,344

51,277

31,780

94,401

DEPRECIATION

At 1 February 2024

9,074

51,277

17,853

78,204

Charge for year

2,270

-

5,161

7,431

At 31 January 2025

11,344

51,277

23,014

85,635

NET BOOK VALUE

At 31 January 2025

-

-

8,766

8,766

At 31 January 2024

2,270

-

8,682

10,952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

74,148

207,948

Work in progress

133,926

70,189

Other debtors

-

405

Prepayments

30,833

34,928

238,907

313,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

8,491

1,850

Amounts owed to related companies

-

8,000

Tax including social security

62,024

87,532

Other creditors

19,518

19,686

Directors' current accounts

203,935

224,642

Accrued expenses

34,839

13,519

328,807

355,229

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

200,000

A Ordinary

£1

200,000

200,000

200

B Ordinary

£1

200

200

100

C Ordinary

£1

100

100

100

D Ordinary

£1

100

100

100

E Ordinary

£1

100

100

200,500

200,500

The A Ordinary shares do not carry voting rights. They were issued at par during the year ended 31st January 2011.

9.	FINANCIAL COMMITMENTS

The company had the following annual operating lease commitments at 31st January 2025:

Expiring within 1 year £Nil (2024 - £25,330)

Expiring in 2-5 years £20,668 (2024 - £17,896)