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Registered number: 6726308

Polymer Techniques Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Polymer Techniques Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Paul John Short
Julia Short
REGISTERED OFFICE
Unit 30, Kingfisher Way
31 East Business Park
Dinnington
Sheffield
S25 3AF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6726308
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Polymer Techniques Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Polymer Techniques Ltd

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets326,54525,328
CURRENT ASSETS
Stock181,16281,531
Debtors545,27176,261
Cash at bank and in hand154,160141,347
380,593299,139
CREDITORS: Amounts falling due within one year670,83684,595
NET CURRENT ASSETS309,757214,544
TOTAL ASSETS LESS CURRENT LIABILITIES336,302239,872
CAPITAL AND RESERVES
Called up share capital71,0001,000
Profit and loss account335,302238,872
SHAREHOLDERS' FUNDS336,302239,872
For the year ending 31/12/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/04/2024 and signed on their behalf by
.............................
Paul John Short
Director

Polymer Techniques Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees43

Polymer Techniques Ltd

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/01/2023292,42417,77431,10844,841386,147
Additions8,709-1,5361,59111,836
Disposals(3,000)---(3,000)
At 31/12/2023298,13317,77432,64446,432394,983
Depreciation
At 01/01/2023283,09417,77415,73144,220360,819
Disposals(3,000)---(3,000)
For the year5,466-4,47068310,619
At 31/12/2023285,56017,77420,20144,903368,438
Net Book Amounts
At 31/12/202312,573-12,4431,52926,545
At 31/12/20229,330-15,37762125,328
4. STOCK 20232022
££
Stock comprises:
Stock raw materials181,16281,531
181,16281,531
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors29,21060,478
VAT11,76312,686
Prepayments4,2983,097
45,27176,261
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax21,469-
PAYE control2,103-
Directors current account41,92947,370
Trade creditors3,75535,645
Accruals1,5801,580
70,83684,595

Polymer Techniques Ltd

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000