REGISTERED NUMBER: SC257791 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

C.M.M. Pools Ltd.

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

104,285

58,485

CURRENT ASSETS

Stocks

9,295

9,175

Debtors

5

225,073

93,697

Cash at bank and in hand

203,714

267,756

438,082

370,628

CREDITORS

Amounts falling due within one year

6

(138,321

)

(82,614

)

NET CURRENT ASSETS

299,761

288,014

TOTAL ASSETS LESS CURRENT LIABILITIES

404,046

346,499

CREDITORS

Amounts falling due after more than one year

7

(41,550

)

(9,786

)

PROVISIONS FOR LIABILITIES

(22,786

)

(14,586

)

NET ASSETS

339,710

322,127

CAPITAL AND RESERVES

Called up share capital

66

66

Capital redemption reserve

33

33

Retained earnings

339,611

322,028

SHAREHOLDERS' FUNDS

339,710

322,127

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 19 June 2025 and were signed on its behalf by:

Glenn Reid - Director

Robert Munro - Director

1.	STATUTORY INFORMATION

C.M.M Pools Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC257791. The registered office is Unit 7E, Bandeath Industrial Estate, Throsk, Stirling, FK7 7NP.

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 goods and services in respect of plumbing and filtration, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

212,627

Additions

67,348

At 31 January 2025

279,975

DEPRECIATION

At 1 February 2024

154,142

Charge for year

21,548

At 31 January 2025

175,690

NET BOOK VALUE

At 31 January 2025

104,285

At 31 January 2024

58,485

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2024

29,340

Additions

67,348

At 31 January 2025

96,688

DEPRECIATION

At 1 February 2024

12,837

Charge for year

11,427

At 31 January 2025

24,264

NET BOOK VALUE

At 31 January 2025

72,424

At 31 January 2024

16,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

199,945

89,505

Other debtors

25,128

4,192

225,073

93,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

21,112

6,524

Trade creditors

52,631

11,866

Taxation and social security

31,261

48,902

Other creditors

33,317

15,322

138,321

82,614

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

41,550

9,786

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

62,662

16,310

Amounts due in relation to hire purchase agreements are secured on the assets to which they relate.