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Company registration number:
09158309
Polarity Reversal Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2023
Polarity Reversal Limited
Statement of Financial Position
31 July 2023
20232022
££
Fixed assets
289
 
468
 
   
Current assets
6,976
 
24,130
 
Creditors: amounts falling due within one year
(25,144
)
(19,667
)
Net current (liabilities)/assets
(18,168
)
4,463
 
Total assets less current liabilities
(17,879
)
4,931
 
Creditors: amounts falling due after more than one year
(37,479
)
(37,971
)
Accruals and deferred income
(8,380
) -  
Net liabilities
(63,738
)
(33,040
)
   
Capital and reserves
(63,738
)
(33,040
)

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Skyview House
,
10 St. Neots Road
,
Sandy
,
Bedfordshire
,
SG19 1LB
, United Kingdom.

2 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

3 Directors' advances, credit and guarantees

Amounts of £11,726 (2022: £18,865) were advanced interest free, and repayable on demand, by the directors during the year. At the year end, £4,819 was owed to the directors by the company (2022: £15,557 was owed to the company by the directors).
For the year ending
31 July 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
30 November 2023
, and are signed on behalf of the board by:
Mr S Asher
Mrs C Asher
DirectorDirector
Company registration number:
09158309