POLSA MOTOR COMPANY LIMITED

Company Registration Number:
08590636 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

POLSA MOTOR COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

POLSA MOTOR COMPANY LIMITED

Company Information

for the Period Ended 31 March 2023




Registered office: 315 Queenstown Road
Battersea
London
GBR
SW8 4LN
Company Registration Number: 08590636 (England and Wales)

POLSA MOTOR COMPANY LIMITED

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 1,675,329 1,355,946
Cost of sales ( 1,691,120 ) ( 1,298,980 )
Gross Profit or (Loss) ( 15,791 ) 78,102
Income from coronavirus (COVID-19) business support grants - 21,136
Administrative Expenses - ( 78,110 )
Operating Profit or (Loss) ( 15,791 ) ( 8 )
Profit or (Loss) Before Tax ( 15,791 ) ( 8 )
Profit or (Loss) for Period ( 15,791 ) ( 8 )

The notes form part of these financial statements

POLSA MOTOR COMPANY LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 86,864 86,864
Total fixed assets: 86,864 86,864
Current assets
Stocks: 350,546 378,682
Total current assets: 350,546 378,682
Creditors: amounts falling due within one year: 5 ( 435,679 ) ( 188,765 )
Net current assets (liabilities): ( 85,133 ) 189,917
Total assets less current liabilities: 1,731 276,781
Total net assets (liabilities): 1,731 276,781

The notes form part of these financial statements

POLSA MOTOR COMPANY LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1,731 276,781
Shareholders funds: 1,731 276,781

For the year ending 31 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 November 2023
And Signed On Behalf Of The Board By:

Name: KONRAD KORYTOWSKI
Status: Director

The notes form part of these financial statements

POLSA MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POLSA MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 6

POLSA MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

POLSA MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Intangible assets

Other Total
Cost £ £
At 01 April 2022 86,864 86,864
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 86,864 86,864
Amortisation
Amortisation at 01 April 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2023 - -
Net book value
Net book value at 31 March 2023 86,864 86,864
Net book value at 31 March 2022 86,864 86,864

POLSA MOTOR COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 47,387 63,386
Amounts due under finance leases and hire purchase contracts 6,766 98,700
Trade creditors 230,098 3,587
Taxation and social security 15,234 3,456
Accruals and deferred income 7,865
Other creditors 128,329 19,636
Total 435,679 188,765