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Company Registration No. 05688658 (England and Wales)
POL TRANSPORT LIMITED Unaudited accounts for the year ended 28 February 2023
POL TRANSPORT LIMITED Unaudited accounts Contents
Page
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POL TRANSPORT LIMITED Company Information for the year ended 28 February 2023
Director
WOJCIECH SOBOTKIEWICZ
Company Number
05688658 (England and Wales)
Registered Office
25 Gressingham Meadow Houghton Regis Dunstable LU5 6GF
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POL TRANSPORT LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,100 
39,930 
Investments
3,896 
3,896 
52,996 
43,826 
Current assets
Debtors
744,581 
443,413 
Cash at bank and in hand
480,876 
301,278 
1,225,457 
744,691 
Creditors: amounts falling due within one year
(249,556)
(138,213)
Net current assets
975,901 
606,478 
Total assets less current liabilities
1,028,897 
650,304 
Creditors: amounts falling due after more than one year
(25,723)
(42,987)
Provisions for liabilities
Deferred tax
(26,082)
(20,235)
Net assets
977,092 
587,082 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
976,892 
586,882 
Shareholders' funds
977,092 
587,082 
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 29 November 2023 and were signed on its behalf by
WOJCIECH SOBOTKIEWICZ Director Company Registration No. 05688658
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POL TRANSPORT LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
POL TRANSPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05688658. The registered office is 25 Gressingham Meadow, Houghton Regis, Dunstable, LU5 6GF.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
over 4 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
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POL TRANSPORT LIMITED Notes to the Accounts for the year ended 28 February 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
547,552 
Additions
29,975 
At 28 February 2023
577,527 
Depreciation
At 1 March 2022
507,622 
Charge for the year
20,805 
At 28 February 2023
528,427 
Net book value
At 28 February 2023
49,100 
At 28 February 2022
39,930 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2022
3,896 
Valuation at 28 February 2023
3,896 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
495,229 
208,917 
Accrued income and prepayments
28,207 
11,351 
Other debtors
- 
2,000 
523,436 
222,268 
Amounts falling due after more than one year
Other debtors
221,145 
221,145 
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POL TRANSPORT LIMITED Notes to the Accounts for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
73,649 
21,717 
Obligations under finance leases and hire purchase contracts
31,149 
51,706 
Trade creditors
712 
4,403 
Taxes and social security
96,268 
10,657 
Loans from directors
45,687 
47,618 
Accruals
2,091 
2,112 
249,556 
138,213 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
25,723 
42,987 
9
Transactions with related parties
Pol Transport limited holds 100% of issued share capital of Pol Heavy Haulage Ltd. The registered office address of subsidiary is: Belswains Yard, Featherbed Lane, Hemel Hempstead, Hertfordshire HP3 9DJ. Both companies are also related to Pol Commercial Limited by key management personnel.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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