2014-06-01 true false Private Limited Company SC228977 2015-05-31 SC228977 2014-06-01 2015-05-31 SC228977 2014-05-31 SC228977 2013-06-01 2014-05-31 SC228977 uk-bus:Director1 2014-06-01 2015-05-31 SC228977 uk-gaap:PlantMachinery 2014-06-01 2015-05-31 SC228977 uk-gaap:ComputerEquipment 2014-06-01 2015-05-31 SC228977 uk-gaap:MotorVehicles 2014-06-01 2015-05-31 SC228977 uk-gaap:FixturesFittings 2014-06-01 2015-05-31 iso4217:GBP
Draft
Swimming Pool Filtration Ltd
For the year ended 31 May 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC228977
2
Draft
Contents Page
Swimming Pool Filtration Ltd
For the year ended 31 May 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Draft
Abbreviated Balance Sheet
Swimming Pool Filtration Ltd
As at 31 May 2015
SC228977
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
947
381
947
381
Current assets
Stocks
3,000
1,000
Debtors
37,457
54,402
Cash at bank and in hand
43,299
55,575
98,701
96,032
Creditors: amounts falling due within one year
(72,377)
(61,963)
23,655
36,738
Net current assets
Total assets less current liabilities
37,685
24,036
37,685
Net assets
24,036
Capital and reserves
Called up share capital
100
100
Profit and loss account
37,585
23,936
37,685
24,036
Shareholders funds
For the year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 23 February 2016
Matthew McDermott Director
Signed on behalf of the board of directors
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4
Draft
Notes to the Abbreviated Financial Statements
For the year ended 31 May 2015
Swimming Pool Filtration Ltd
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Straight line
Computer Equipment
33% Straight line
Motor Vehicles
20% Straight line
Fixtures and Fittings
20% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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Notes to the Abbreviated Financial Statements
For the year ended 31 May 2015
Swimming Pool Filtration Ltd
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
18,055
At 01 June 2014
1,132
Additions
At 31 May 2015
19,187
Depreciation
17,674
At 01 June 2014
566
Charge for year
18,240
At 31 May 2015
Net book values
At 31 May 2015
947
381
At 31 May 2014
3 Loans to Directors
At 31 May 2015 the company owed the director £26,352.
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