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REGISTERED NUMBER: 04347976 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Polacap Refrigeration Limited

Polacap Refrigeration Limited (Registered number: 04347976)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Polacap Refrigeration Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs D Matthews
D L Matthews





SECRETARY: Mrs D Matthews





REGISTERED OFFICE: Unit 338b Rushock Trading Estate
Rushock
Droitwich
Worcestershire
WR9 0NR





REGISTERED NUMBER: 04347976 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Polacap Refrigeration Limited (Registered number: 04347976)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,155 25,381

CURRENT ASSETS
Stocks 14,547 9,500
Debtors 5 83,138 74,753
Cash at bank and in hand 50,029 96,132
147,714 180,385
CREDITORS
Amounts falling due within one year 6 43,721 88,499
NET CURRENT ASSETS 103,993 91,886
TOTAL ASSETS LESS CURRENT LIABILITIES 133,148 117,267

PROVISIONS FOR LIABILITIES 5,539 4,822
NET ASSETS 127,609 112,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,509 112,345
127,609 112,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Polacap Refrigeration Limited (Registered number: 04347976)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





D L Matthews - Director


Polacap Refrigeration Limited (Registered number: 04347976)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Polacap Refrigeration Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Polacap Refrigeration Limited (Registered number: 04347976)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 15,491 3,978 34,625 54,094
Additions - - 31,237 31,237
Disposals (15,491 ) (3,978 ) (34,625 ) (54,094 )
At 31 March 2023 - - 31,237 31,237
DEPRECIATION
At 1 April 2022 10,312 3,696 14,705 28,713
Charge for year - - 2,082 2,082
Eliminated on disposal (10,312 ) (3,696 ) (14,705 ) (28,713 )
At 31 March 2023 - - 2,082 2,082
NET BOOK VALUE
At 31 March 2023 - - 29,155 29,155
At 31 March 2022 5,179 282 19,920 25,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,138 74,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,396 26,195
Trade creditors 2,337 17,224
Taxation and social security 19,288 43,380
Other creditors 1,700 1,700
43,721 88,499