2022-02-012023-01-312023-01-31false10587770POLAR INSIGHT LIMITED2023-10-2574909iso4217:GBPxbrli:pure105877702022-02-01105877702023-01-31105877702022-02-012023-01-31105877702021-02-01105877702022-01-31105877702021-02-012022-01-3110587770bus:SmallEntities2022-02-012023-01-3110587770bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3110587770bus:FullAccounts2022-02-012023-01-3110587770bus:PrivateLimitedCompanyLtd2022-02-012023-01-3110587770core:WithinOneYear2023-01-3110587770core:AfterOneYear2023-01-3110587770core:WithinOneYear2022-01-3110587770core:AfterOneYear2022-01-3110587770core:ShareCapital2023-01-3110587770core:SharePremium2023-01-3110587770core:RevaluationReserve2023-01-3110587770core:OtherReservesSubtotal2023-01-3110587770core:RetainedEarningsAccumulatedLosses2023-01-3110587770core:ShareCapital2022-01-3110587770core:SharePremium2022-01-3110587770core:RevaluationReserve2022-01-3110587770core:OtherReservesSubtotal2022-01-3110587770core:RetainedEarningsAccumulatedLosses2022-01-3110587770core:LandBuildings2023-01-3110587770core:PlantMachinery2023-01-3110587770core:Vehicles2023-01-3110587770core:FurnitureFittings2023-01-3110587770core:OfficeEquipment2023-01-3110587770core:NetGoodwill2023-01-3110587770core:IntangibleAssetsOtherThanGoodwill2023-01-3110587770core:ListedExchangeTraded2023-01-3110587770core:UnlistedNon-exchangeTraded2023-01-3110587770core:LandBuildings2022-01-3110587770core:PlantMachinery2022-01-3110587770core:Vehicles2022-01-3110587770core:FurnitureFittings2022-01-3110587770core:OfficeEquipment2022-01-3110587770core:NetGoodwill2022-01-3110587770core:IntangibleAssetsOtherThanGoodwill2022-01-3110587770core:ListedExchangeTraded2022-01-3110587770core:UnlistedNon-exchangeTraded2022-01-3110587770core:LandBuildings2022-02-012023-01-3110587770core:PlantMachinery2022-02-012023-01-3110587770core:Vehicles2022-02-012023-01-3110587770core:FurnitureFittings2022-02-012023-01-3110587770core:OfficeEquipment2022-02-012023-01-3110587770core:NetGoodwill2022-02-012023-01-3110587770core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110587770core:ListedExchangeTraded2022-02-012023-01-3110587770core:UnlistedNon-exchangeTraded2022-02-012023-01-3110587770core:MoreThanFiveYears2022-02-012023-01-3110587770core:Non-currentFinancialInstruments2023-01-3110587770core:Non-currentFinancialInstruments2022-01-3110587770dpl:CostSales2022-02-012023-01-3110587770dpl:DistributionCosts2022-02-012023-01-3110587770core:LandBuildings2022-02-012023-01-3110587770core:PlantMachinery2022-02-012023-01-3110587770core:Vehicles2022-02-012023-01-3110587770core:FurnitureFittings2022-02-012023-01-3110587770core:OfficeEquipment2022-02-012023-01-3110587770dpl:AdministrativeExpenses2022-02-012023-01-3110587770core:NetGoodwill2022-02-012023-01-3110587770core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110587770dpl:GroupUndertakings2022-02-012023-01-3110587770dpl:ParticipatingInterests2022-02-012023-01-3110587770dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3110587770core:ListedExchangeTraded2022-02-012023-01-3110587770dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3110587770core:UnlistedNon-exchangeTraded2022-02-012023-01-3110587770dpl:CostSales2021-02-012022-01-3110587770dpl:DistributionCosts2021-02-012022-01-3110587770core:LandBuildings2021-02-012022-01-3110587770core:PlantMachinery2021-02-012022-01-3110587770core:Vehicles2021-02-012022-01-3110587770core:FurnitureFittings2021-02-012022-01-3110587770core:OfficeEquipment2021-02-012022-01-3110587770dpl:AdministrativeExpenses2021-02-012022-01-3110587770core:NetGoodwill2021-02-012022-01-3110587770core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3110587770dpl:GroupUndertakings2021-02-012022-01-3110587770dpl:ParticipatingInterests2021-02-012022-01-3110587770dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3110587770core:ListedExchangeTraded2021-02-012022-01-3110587770dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3110587770core:UnlistedNon-exchangeTraded2021-02-012022-01-3110587770core:NetGoodwill2023-01-3110587770core:IntangibleAssetsOtherThanGoodwill2023-01-3110587770core:LandBuildings2023-01-3110587770core:PlantMachinery2023-01-3110587770core:Vehicles2023-01-3110587770core:FurnitureFittings2023-01-3110587770core:OfficeEquipment2023-01-3110587770core:AfterOneYear2023-01-3110587770core:WithinOneYear2023-01-3110587770core:ListedExchangeTraded2023-01-3110587770core:UnlistedNon-exchangeTraded2023-01-3110587770core:ShareCapital2023-01-3110587770core:SharePremium2023-01-3110587770core:RevaluationReserve2023-01-3110587770core:OtherReservesSubtotal2023-01-3110587770core:RetainedEarningsAccumulatedLosses2023-01-3110587770core:NetGoodwill2022-01-3110587770core:IntangibleAssetsOtherThanGoodwill2022-01-3110587770core:LandBuildings2022-01-3110587770core:PlantMachinery2022-01-3110587770core:Vehicles2022-01-3110587770core:FurnitureFittings2022-01-3110587770core:OfficeEquipment2022-01-3110587770core:AfterOneYear2022-01-3110587770core:WithinOneYear2022-01-3110587770core:Liste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POLAR INSIGHT LIMITED

Registered Number
10587770
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

POLAR INSIGHT LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Director

TATTERSFIELD, James Alexander

Registered Address

68-80 Hanbury Street
London
E1 5JL

Registered Number

10587770 (England and Wales)
POLAR INSIGHT LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,4842,142
1,4842,142
Current assets
Debtors6183,60481,336
Cash at bank and on hand109,871129,499
293,475210,835
Creditors amounts falling due within one year7(111,327)(63,353)
Net current assets (liabilities)182,148147,482
Total assets less current liabilities183,632149,624
Creditors amounts falling due after one year8(100,000)-
Net assets83,632149,624
Capital and reserves
Called up share capital11
Profit and loss account83,631149,623
Shareholders' funds83,632149,624
The financial statements were approved and authorised for issue by the Director on 25 October 2023, and are signed on its behalf by:
TATTERSFIELD, James Alexander
Director
Registered Company No. 10587770
POLAR INSIGHT LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
There is a good deal of commercial pressure in the industry and this has impacted the volume of long term projects previously seen. The accounts have been prepared on a going concern basis which assumes that the company will be able to continue to meet its financial obligations for a period of at least 12 months from the date of this report. In deciding that this basis was appropriate, the director considered the company's cash flow forecasts and the likelihood of securing new financing, if and as required.
4.Employee information

20232022
Average number of employees during the year63
5.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 February 223,6463,646
At 31 January 233,6463,646
Depreciation and impairment
At 01 February 221,5041,504
Charge for year658658
At 31 January 232,1622,162
Net book value
At 31 January 231,4841,484
At 31 January 222,1422,142
6.Debtors

2023

2022

££
Trade debtors / trade receivables81,55934,306
Other debtors55,97320,194
Prepayments and accrued income46,07226,836
Total183,60481,336
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables28,40412,296
Bank borrowings and overdrafts15,138-
Taxation and social security13,81227,281
Other creditors27,20117
Accrued liabilities and deferred income26,77223,759
Total111,32763,353
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts100,000-
Total100,000-