Allpools And Spas Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04874003 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Allpools And Spas Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Emmerson

REGISTERED OFFICE:

The Boathouse

Wirral Park

Glastonbury

Somerset

BA6 9XE

REGISTERED NUMBER:

04874003 (England and Wales)

ACCOUNTANTS:

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

FIXED ASSETS

Intangible assets

4

20,749

23,749

Tangible assets

5

54,161

33,705

74,910

57,454

CURRENT ASSETS

Stocks

109,662

73,049

Debtors

6

12,991

6,000

Cash at bank and in hand

17,770

-

140,423

79,049

CREDITORS

Amounts falling due within one year

7

286,419

237,504

NET CURRENT LIABILITIES

(145,996

)

(158,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,086

)

(101,001

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(71,186

)

(101,101

)

SHAREHOLDERS' FUNDS

(71,086

)

(101,001

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 May 2017 and were signed by:

A J Emmerson - Director

1.	STATUTORY INFORMATION

Allpools And Spas Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

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.

Plant and machinery etc

-

25% on reducing balance and 5% on reducing balance

Stocks

Stocks 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Going concern

The accounts have been prepared on the "going concern" basis and the Company is supported by a

Directors loan account (Included in other creditors) which amounts to £226,051 ( 2016 - £199,448) at

the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

59,999

AMORTISATION

At 1 January 2016

36,250

Charge for year

3,000

At 31 December 2016

39,250

NET BOOK VALUE

At 31 December 2016

20,749

At 31 December 2015

23,749

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

94,331

Additions

24,664

At 31 December 2016

118,995

DEPRECIATION

At 1 January 2016

60,626

Charge for year

4,208

At 31 December 2016

64,834

NET BOOK VALUE

At 31 December 2016

54,161

At 31 December 2015

33,705

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

12,991

6,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

-

2,203

Trade creditors

11,775

13,522

Taxation and social security

46,969

22,331

Other creditors

227,675

199,448

286,419

237,504

8.	ULTIMATE CONTROLLING PARTY