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REGISTERED NUMBER: 03780430 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Polyweb Limited

Polyweb Limited (Registered number: 03780430)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Polyweb Limited

Company Information
for the year ended 30 September 2023







DIRECTORS: M D Cathcart
J Worton





REGISTERED OFFICE: 3 Matchborough Centre
Matchborough Way
Redditch
Worcestershire
B98 0EP





REGISTERED NUMBER: 03780430 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Polyweb Limited (Registered number: 03780430)

Abridged Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 144,998 144,998

CURRENT ASSETS
Cash at bank and in hand 20 32

CREDITORS
Amounts falling due within one year 143,869 143,789
NET CURRENT LIABILITIES (143,849 ) (143,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,149

1,241

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 149 241
SHAREHOLDERS' FUNDS 1,149 1,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 March 2024 and were signed on its behalf by:





J Worton - Director


Polyweb Limited (Registered number: 03780430)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Polyweb 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.

Preparation of consolidated financial statements
The financial statements contain information about Polyweb Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2022
and 30 September 2023 144,998
NET BOOK VALUE
At 30 September 2023 144,998
At 30 September 2022 144,998

Polyweb Limited (Registered number: 03780430)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
900 Ordinary £1 900 900
70 A Ordinary £1 70 70
30 B Ordinary £1 30 30
1,000 1,000

The shares shall have the following voting rights (whether at a general meeting or by way of a written resolution)

The Ordinary Shares and The 'A' Ordinary Shares shall be full voting shares, and

The 'B' Ordinary Shares shall be non voting shares.

6. ULTIMATE CONTROLLING PARTY

The directors consider that there is no single controlling party.