Registered number
13179113
POLAT 46 LTD
Filleted Accounts
28 February 2023
POLAT 46 LTD
Registered number: 13179113
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 197 263
Current assets
Debtors 4 60 -
Cash at bank and in hand 7,379 8,811
7,439 8,811
Creditors: amounts falling due within one year 5 (6,721) (7,907)
Net current assets 718 904
Net assets 915 1,167
Capital and reserves
Called up share capital 100 100
Profit and loss account 815 1,067
Shareholder's funds 915 1,167
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
ISRAFIL POLAT
Director
Approved by the board on 1 March 2023
POLAT 46 LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 March 2022 329
At 28 February 2023 329
Depreciation
At 1 March 2022 66
Charge for the year 66
At 28 February 2023 132
Net book value
At 28 February 2023 197
At 28 February 2022 263
4 Debtors 2023 2022
£ £
Other debtors 60 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,358 1,244
Other creditors 5,363 6,663
6,721 7,907
6 Controlling party
Ultimate controlling party is Mr I Polat as director and sole shareholder of the company throughout the current period.
7 Other information
POLAT 46 LTD is a private company limited by shares and incorporated in England. Its registered office is:
389C HIGH ROAD
WOOD GREEN
LONDON
N22 8JA
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