Fowler Swimming Pools Limited - Accounts to registrar - small 17.2
Fowler Swimming Pools Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| FOR |
| FOWLER SWIMMING POOLS LIMITED |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FOWLER SWIMMING POOLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Courtyard |
| Shoreham Road |
| Upper Beeding |
| Steyning |
| West Sussex |
| BN44 3TN |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| BALANCE SHEET |
| 31ST DECEMBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| BALANCE SHEET - continued |
| 31ST DECEMBER 2016 |
| 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 on |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| 1. | STATUTORY INFORMATION |
| Fowler Swimming Pools Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is the total amount receivable by the company in the ordinary course of business for goods supplied as principal |
| and for services provided, excluding VAT and trade discounts after adjusting for the movement between opening and |
| closing valuations of contracts in progress. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are stated at the lower of cost and net realisable value. |
| Long term contract balances are stated at net cost less foreseeable losses less any applicable payments on account. The |
| amount recorded as turnover in respect of long-term contracts is ascertained by reference to the value of the work carried |
| out to date. Attributable profit is recognised as the difference between recorded turnover and related costs. |
| 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 |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company contributes to three defined contribution schemes, being The Peoples' Pension, a Scottish Life personal |
| pension plan and Aviva personal pension plan. The company also contributes towards the Plumbing and Mechanical |
| Services (UK) Industry Pension Scheme, a salary related scheme. The pension costs charged against profits represent the |
| contributions payable to the schemes for the accounting period. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor | Computer |
| machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2016 |
| DEPRECIATION |
| At 1st January 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2016 |
| NET BOOK VALUE |
| At 31st December 2016 |
| At 31st December 2015 |
| 5. | STOCKS |
| 2016 | 2015 |
| £ | £ |
| Stocks | 522,744 | 2,205,411 |
| Payments on account | ( |
) | ( |
) |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| FOWLER SWIMMING POOLS LIMITED (REGISTERED NUMBER: 03491718) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | PARENT COMPANY |
| The company's parent company is Fowler Bros. Limited. The registered office and its principal place of business of Fowler |
| Bros. Limited is Henfield Road, Cowfold, Horsham, West Sussex, RH13 8BS. |
| 9. | GUARANTEES AND OTHER FINANCIAL COMMITMENTS |
| The company had total guarantees and commitments at the balance sheet date of £20,052 (2015: £57,618). |