Exhibit 12.1

Leslie’s Poolmart, Inc.
Computation of Ratio of Earnings to Fixed Charges
	Fiscal Years Ended											Thirteen Weeks Ended
	September 30, 2000			September 29, 2001		September 28, 2002		September 27, 2003		October 2, 2004		January 1, 2005			December 27, 2003
	(dollars in thousands)
Earnings:
Income before income taxes	$	(7,534	)	$	2,320	$	8,051	$	17,173	$	26,620	$	(13,097	)	$	(11,362	)
Fixed charges:
Interest expense		13,165			12,994		11,353		10,741		7,690		3,770			1,937
Operating leases interest expense		2,108			2,061		2,177		2,345		2,584		684			613
Total earnings	$	7,739		$	17,375	$	21,581	$	30,259	$	36,894	$	(8,643	)	$	(8,812	)
Fixed Charges:
Interest expense	$	13,165		$	12,994	$	11,353	$	10,741	$	7,690	$	3,770		$	1,937
Preferred stock dividends		3,995			4,443		4,939		5,793		6,759		—			1,692
Preferred stock accretion (less tax impact)		184			207		232		239		241		61			60
Operating leases interest expense		2,108			2,061		2,177		2,345		2,584		684			613
Total fixed charges	$	19,452		$	19,705	$	18,701	$	19,118	$	17,274	$	4,515		$	4,302
Ratio of earnings to fixed charges		0.40			0.88		1.15		1.58		2.14		(1.91	)		(2.05	)
Deficiency of earnings to cover fixed charges	$	11,713		$	2,330		—		—		—	$	13,158		$	13,114