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Company No: 14747594 (England and Wales)

# GARETH JAMES POOLS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GARETH JAMES POOLS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

GARETH JAMES POOLS LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
GARETH JAMES POOLS LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | G James
| J James
| D Wheeler

REGISTERED OFFICE | 22 Wycombe End
| Beaconsfield
| HP9 1NB
| United Kingdom

COMPANY NUMBER | 14747594 (England and Wales)

ACCOUNTANT | S&W Partners (Thames Valley) Limited
| 22 Wycombe End
| Beaconsfield
| Buckinghamshire
| HP9 1NB

GARETH JAMES POOLS LIMITED

## BALANCE SHEET

As at 31 March 2025
GARETH JAMES POOLS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 17,704 |  | 11,691
|  | 17,704 |  | 11,691
Current assets |  |  |  |
Stocks |  | 5,000 |  | 5,000
Debtors | 4 | 13,234 |  | 33,075
Cash at bank and in hand | 5 | 119,194 |  | 102,344
|  | 137,428 |  | 140,419
Creditors: amounts falling due within one year | 6 | ( 139,261) |  | ( 133,025)
Net current (liabilities)/assets |  | (1,833) |  | 7,394
Total assets less current liabilities |  | 15,871 |  | 19,085
Creditors: amounts falling due after more than one year | 7 | ( 4,506) |  | ( 15,333)
Provision for liabilities |  | ( 4,426) |  | ( 2,851)
Net assets |  | 6,939 |  | 901
Capital and reserves |  |  |  |
Called-up share capital | 8 | 99 |  | 99
Profit and loss account |  | 6,840 |  | 802
Total shareholders' funds |  | 6,939 |  | 901

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Gareth James Pools Limited (registered number: 14747594) were approved and authorised for issue by the Board of Directors on 05 November 2025. They were signed on its behalf by:

G James Director |

GARETH JAMES POOLS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GARETH JAMES POOLS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Gareth James Pools Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, HP9 1NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Gareth James Pools Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue arising from the provision of services is recognised by reference to the stage of completion.
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 12,990 |  | 12,990
Additions | 7,500 |  | 7,500
At 31 March 2025 | 20,490 |  | 20,490
Accumulated depreciation |  |  |
At 01 April 2024 | 1,299 |  | 1,299
Charge for the financial year | 1,487 |  | 1,487
At 31 March 2025 | 2,786 |  | 2,786
Net book value |  |  |
At 31 March 2025 | 17,704 |  | 17,704
At 31 March 2024 | 11,691 |  | 11,691

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 11,486 |  | 33,075
Other debtors | 1,748 |  | 0
| 13,234 |  | 33,075

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 119,194 |  | 102,344

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 8,731 |  | 8,554
Trade creditors | 19,786 |  | 24,945
Taxation and social security | 43,344 |  | 60,829
Obligations under finance leases and hire purchase contracts | 1,824 |  | 3,648
Other creditors | 65,576 |  | 35,049
| 139,261 |  | 133,025

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 4,506 |  | 13,509
Obligations under finance leases and hire purchase contracts | 0 |  | 1,824
| 4,506 |  | 15,333

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
33 A ordinary shares of £ 1.00 each | 33 |  | 33
33 B ordinary shares of £ 1.00 each | 33 |  | 33
33 C ordinary shares of £ 1.00 each | 33 |  | 33
| 99 |  | 99