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Company Registration No. 13255842 (England and Wales)
Polipo Limited Unaudited accounts for the year ended 31 March 2023
Polipo Limited Unaudited accounts Contents
Page
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Polipo Limited Company Information for the year ended 31 March 2023
Directors
Naveed Parvez Samiya Parvez
Company Number
13255842 (England and Wales)
Registered Office
7 Cambridge Close London E17 8LH England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Polipo Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,078 
5,437 
Current assets
Debtors
4,542 
54,000 
Cash at bank and in hand
4 
9,120 
4,546 
63,120 
Creditors: amounts falling due within one year
(12,321)
(21,288)
Net current (liabilities)/assets
(7,775)
41,832 
Net (liabilities)/assets
(3,697)
47,269 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(3,699)
47,267 
Shareholders' funds
(3,697)
47,269 
For the year ending 31 March 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 19 September 2023 and were signed on its behalf by
Naveed Parvez Director Company Registration No. 13255842
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Polipo Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Polipo Limited is a private company, limited by shares, registered in England and Wales, registration number 13255842. The registered office is 7 Cambridge Close, London, E17 8LH, England.
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:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,333 
4,386 
6,719 
At 31 March 2023
2,333 
4,386 
6,719 
Depreciation
At 1 April 2022
447 
835 
1,282 
Charge for the year
471 
888 
1,359 
At 31 March 2023
918 
1,723 
2,641 
Net book value
At 31 March 2023
1,415 
2,663 
4,078 
At 31 March 2022
1,886 
3,551 
5,437 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
54,000 
Other debtors
4,542 
- 
4,542 
54,000 
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Polipo Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
10,442 
10,442 
Loans from directors
- 
9,829 
Accruals
1,879 
1,017 
12,321 
21,288 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Naveed Parvez
Director Loan Account
(4,915)
11,358 
1,172 
5,271 
Samiya Parvez
Director Loan Account
(4,914)
11,358 
7,173 
(729)
(9,829)
22,716 
8,345 
4,542 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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