Pond Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03886757 (England and Wales)

POND GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTORS:

Mr J G Gillies

Mr T J Marchant

SECRETARY:

Mr K Provins

REGISTERED OFFICE:

19a Widmore Road

Bromley

Kent

BR1 1RL

REGISTERED NUMBER:

03886757 (England and Wales)

ACCOUNTANTS:

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

5,232

4,436

Investments

5

2

2

5,234

4,438

CURRENT ASSETS

Stocks

2,000

7,000

Debtors

6

38,949

42,857

Cash at bank and in hand

60,123

58,439

101,072

108,296

CREDITORS

Amounts falling due within one year

7

77,103

92,273

NET CURRENT ASSETS

23,969

16,023

TOTAL ASSETS LESS CURRENT LIABILITIES

29,203

20,461

CREDITORS

Amounts falling due after more than one year

8

9,167

19,167

NET ASSETS

20,036

1,294

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

19,036

294

SHAREHOLDERS' FUNDS

20,036

1,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 November 2019 and were signed on its behalf by:

Mr J G Gillies - Director

1.	STATUTORY INFORMATION

Pond Group 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2018

11,828

14,248

34,483

60,559

Additions

2,540

-

-

2,540

At 31 March 2019

14,368

14,248

34,483

63,099

DEPRECIATION

At 1 April 2018

10,478

13,815

31,830

56,123

Charge for year

972

109

663

1,744

At 31 March 2019

11,450

13,924

32,493

57,867

NET BOOK VALUE

At 31 March 2019

2,918

324

1,990

5,232

At 31 March 2018

1,350

433

2,653

4,436

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

2

NET BOOK VALUE

At 31 March 2019

2

At 31 March 2018

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

8,897

14,665

Other debtors

30,052

28,192

38,949

42,857

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

46

Trade creditors

34,826

42,962

Taxation and social security

39,327

36,315

Other creditors

2,950

12,950

77,103

92,273

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

9,167

19,167

Amounts falling due in more than five years:

Repayable by instalments

Loan term loan

9,167

19,167

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet.

Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Pond Group Limited for the year ended 31 March 2019 which comprise the Statement of income and retained

earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pond Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pond Group Limited and state those matters that we have agreed to state to the Board of Directors of Pond Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pond Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pond Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pond Group Limited. You consider that Pond Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pond Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

F W Berringer & Co

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

27 November 2019