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Company Registration No. 06186753 (England and Wales)
Polymars Limited Unaudited accounts for the year ended 30 June 2023
Polymars Limited Unaudited accounts Contents
Page
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Polymars Limited Company Information for the year ended 30 June 2023
Directors
Adele Royle Simon Royle
Company Number
06186753 (England and Wales)
Registered Office
Unit 1b, Chase Industrial Estate Alton Road Ross on Wye Herefordshire HR9 5WA
Accountants
Davies Business Consultancy 63 Norfolk Road Littlehampton West Sussex BN17 5HE
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Polymars Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,486 
193 
Current assets
Debtors
6,613 
14,988 
Cash at bank and in hand
7,150 
(3,165)
13,763 
11,823 
Creditors: amounts falling due within one year
(11,977)
(1,471)
Net current assets
1,786 
10,352 
Total assets less current liabilities
4,272 
10,545 
Provisions for liabilities
Deferred tax
- 
(148)
Net assets
4,272 
10,397 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,172 
10,297 
Shareholders' funds
4,272 
10,397 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2023 and were signed on its behalf by
Simon Royle Director Company Registration No. 06186753
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Polymars Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Polymars Limited is a private company, limited by shares, registered in England and Wales, registration number 06186753. The registered office is Unit 1b, Chase Industrial Estate, Alton Road, Ross on Wye, Herefordshire, HR9 5WA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
650 
1,120 
1,770 
Additions
- 
2,839 
2,839 
At 30 June 2023
650 
3,959 
4,609 
Depreciation
At 1 July 2022
628 
949 
1,577 
Charge for the year
4 
542 
546 
At 30 June 2023
632 
1,491 
2,123 
Net book value
At 30 June 2023
18 
2,468 
2,486 
At 30 June 2022
22 
171 
193 
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Polymars Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,230 
911 
Trade debtors
5,383 
14,027 
Amounts due from group undertakings etc.
- 
50 
6,613 
14,988 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
4,590 
681 
Other creditors
500 
- 
Loans from directors
6,498 
790 
Accruals
389 
- 
11,977 
1,471 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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