For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05504258
Groundpool Limited
For the year ended 31 July 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 July 2015
Groundpool Limited
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of Groundpool Limited for the year ended
31
July
2015
which comprise the Profit and Loss Account
,
the
|
Balance Sheet and the related notes from the company
'
s accounting records and from information and
|
explanations you have given us
.
|
As a practising firm of the Association of Chartered Certified Accountants
,
we are subject to its ethical and other
|
professional requirements which are detailed at http
://
rulebook
.
accaglobal
.
com
.
|
This report is made solely to the Board of Directors of Groundpool Limited
,
as a body
,
in accordance with the terms
|
of our engagement letter dated
.
Our work has been undertaken solely to prepare for your approval the accounts of
|
Groundpool Limited and state those matters that we have agreed to state to the Board of Directors of Groundpool
|
Limited
,
as a body
,
in this report in accordance with the requirements of the Association of Chartered Certified
|
Accountants and as detailed at http
://
www
.
accaglobal
.
com
/
factsheet
163
.
To the fullest extent permitted by law
,
we
|
do not accept or assume responsibility to anyone other than Groundpool Limited and its Board of Directors as a
|
body for our work or for this report
.
|
It is your duty to ensure that Groundpool Limited has kept adequate accounting records and to prepare statutory
|
accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of Groundpool Limited
.
|
You consider that Groundpool Limited is exempt from the statutory audit requirement for the year
.
|
Technology Court
Bradbury Road
NEWTON AYCLIFFE
Co. Durham
DL5 6DA
1 of 3
Notes to the Abbreviated Financial Statements
|
For the year ended 31 July 2015
Groundpool Limited
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
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:
|
No depreciation is provided on the company
'
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
653,278
653,278
653,278
653,278
2014
2015
3
Creditors due after more than one year
|
237,790
243,512
Bank loans and overdrafts (secured)
Allotted called up and fully paid
|
2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
3 of 3