REGISTERED NUMBER: 05721474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025

FOR

THREE COUNTIES POOLS & SPAS LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

W R Welch

Secretary:

Ms E E Garrett

Registered office:

Unit 2-4 Burcott Business Park

Burcott Road

Hereford

HR4 9JQ

Registered number:

05721474 (England and Wales)

Fixed assets

Tangible assets

4

108,326

118,443

Current assets

Stocks

5

251,745

320,515

Debtors

6

237,075

455,058

Cash at bank and in hand

284,918

65,413

773,738

840,986

Creditors

Amounts falling due within one year

7

139,193

206,827

Net current assets

634,545

634,159

Total assets less current liabilities

742,871

752,602

Creditors

Amounts falling due after more than one year

8

(3,433

)

(20,495

)

Provisions for liabilities

10

(25,300

)

(27,400

)

Net assets

714,138

704,707

Capital and reserves

Called up share capital

11

100

100

Retained earnings

714,038

704,607

Shareholders' funds

714,138

704,707

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th December 2025 and were signed by:

W R Welch - Director

1.	Statutory information

Three Counties Pools & Spas 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible assets are stated in the Balance Sheet at cost less depreciation. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & machinery

20% RB

Motor vehicles

20% RB

Computer equipment

20% RB

Stock & work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 group after deducing all of its liabilities. Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Taxation

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase & 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 paid under operating leases are charged to profit and loss account on a straight line basis over the lease term.

Pension costs

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.

3.	Employees (including officers)

The average number of employees during the year was 5 (2024 - 5 ) .

4.	Tangible fixed assets

Plant &

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st April 2024

136,299

165,869

11,074

313,242

Additions

17,193

-

870

18,063

Disposals

(4,577

)

-

-

(4,577

)

At 31st March 2025

148,915

165,869

11,944

326,728

Depreciation

At 1st April 2024

74,791

114,078

5,930

194,799

Charge for year

15,742

10,359

1,202

27,303

Eliminated on disposal

(3,700

)

-

-

(3,700

)

At 31st March 2025

86,833

124,437

7,132

218,402

Net book value

At 31st March 2025

62,082

41,432

4,812

108,326

At 31st March 2024

61,508

51,791

5,144

118,443

The net book value of tangible fixed assets includes £ 19,584 (2024 - £ 50,981 ) in respect of assets held under hire purchase contracts or finance leases.

5.

Stocks

31.3.25

31.3.24

£

£

Stocks

251,745

320,515

6.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

49,991

12,314

S455 tax

93,048

93,048

Payments on account

1,999

52,483

Director's loan account

76,208

279,877

Prepayments

15,829

17,336

237,075

455,058

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Bank loans & overdrafts

10,000

10,000

Trade creditors

47,950

50,861

Corporation tax

4,600

9,500

Social security & other tax

19,862

13,917

Other creditors

46,493

41,437

S455 tax

-

60,772

Hire purchase

7,062

18,183

Accruals

3,226

2,157

139,193

206,827

8.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans one to two years

1,667

10,000

Bank loans two to five years

-

1,667

Hire purchase one to five years

1,766

8,828

3,433

20,495

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

29,591

27,271

Between one and five years

118,364

109,086

In more than five years

81,375

109,086

229,330

245,443

10.	Provisions for liabilities

31.3.25

31.3.24

£

£

Deferred tax

25,300

27,400

Deferred tax

£

Balance at 1st April 2024

27,400

Utilised during year

(2,100

)

Balance at 31st March 2025

25,300

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary shares

£1

100

100

12.	Contingent liabilities

There were no contingent liabilities at 31st March 2025.

13.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,462 (2024: £3,985).

14.	Director's advances, credits and guarantees

During the year, the director of the company used a current account with the company to record amounts due to him and amounts drawn by him. Loans and advances totalling £nil and repayments of £203,669 were made during the year. The balance owed to the company at the end of the year was £76,208 (2024: £279,877).

The loans and advances were made interest free and were repayable on demand.