Company Registration No. 06186753 (England and Wales)
Polymars Limited
Unaudited accounts
for the year ended 30 June 2023
Polymars Limited
Unaudited accounts
Contents
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
Polymars Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
7,150
(3,165)
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
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
Polymars Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 June 2023
650
3,959
4,609
At 1 July 2022
628
949
1,577
Charge for the year
4
542
546
At 30 June 2023
632
1,491
2,123
At 30 June 2023
18
2,468
2,486
At 30 June 2022
22
171
193
Polymars Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
5,383
14,027
Amounts due from group undertakings etc.
-
50
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
6,498
790
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).