Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-302022-05-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Collection and disposal of hazardous waste33true 08976151 2022-05-01 2023-04-30 08976151 2021-05-01 2022-04-30 08976151 2023-04-30 08976151 2022-04-30 08976151 c:Director1 2022-05-01 2023-04-30 08976151 d:MotorVehicles 2022-05-01 2023-04-30 08976151 d:MotorVehicles 2023-04-30 08976151 d:MotorVehicles 2022-04-30 08976151 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 08976151 d:CurrentFinancialInstruments 2023-04-30 08976151 d:CurrentFinancialInstruments 2022-04-30 08976151 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08976151 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 08976151 d:ShareCapital 2023-04-30 08976151 d:ShareCapital 2022-04-30 08976151 d:RetainedEarningsAccumulatedLosses 2023-04-30 08976151 d:RetainedEarningsAccumulatedLosses 2022-04-30 08976151 c:FRS102 2022-05-01 2023-04-30 08976151 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 08976151 c:FullAccounts 2022-05-01 2023-04-30 08976151 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08976151 2 2022-05-01 2023-04-30 08976151 e:PoundSterling 2022-05-01 2023-04-30 08976151 d:OtherGroupMember1 d:SettlementLiabilities 2022-05-01 2023-04-30 08976151 d:OtherGroupMember1 d:SettlementLiabilities 2023-04-30 08976151 d:OtherGroupMember1 d:SettlementLiabilities 2022-04-30 iso4217:GBP xbrli:pure
Registered number: 08976151


 
 
 
 
 
 
 
 
 
 
POLIHIM - SS UK LIMITED
 
 
 
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

 
POLIHIM - SS UK LIMITED
REGISTERED NUMBER:08976151

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,605
22,672

  
10,605
22,672

Current assets
  

Stocks
  
77,498
27,461

Debtors: amounts falling due within one year
 5 
79,400
53,501

Cash at bank and in hand
  
46,779
69,777

  
203,677
150,739

Creditors: amounts falling due within one year
 6 
(187,291)
(125,756)

Net current assets
  
 
 
16,386
 
 
24,983

Total assets less current liabilities
  
26,991
47,655

  

Net assets
  
26,991
47,655


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
26,990
47,654

  
26,991
47,655


Page 1

 
POLIHIM - SS UK LIMITED
REGISTERED NUMBER:08976151
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms P Stefanova
Director

Date: 2 April 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Polihim-SS UK Limited is a private company, limited by shares, registered in England and Wales, registration number 08976151. The registered office is Unit 9, Optima Park, Thames Road, Crayford, Dartford, DA1 4QX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in pounds sterling, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 May 2022
48,265



At 30 April 2023

48,265



Depreciation


At 1 May 2022
25,593


Charge for the year on owned assets
12,067



At 30 April 2023

37,660



Net book value



At 30 April 2023
10,605



At 30 April 2022
22,672

Page 7

 
POLIHIM - SS UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Debtors

2023
2022
£
£


Trade debtors
14,612
12,942

Other debtors
47,004
21,853

Prepayments and accrued income
17,784
18,706

79,400
53,501



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
78,753
22,024

Corporation tax
-
6,350

Other creditors
102,018
92,472

Accruals and deferred income
6,520
4,910

187,291
125,756



7.


Related party transactions

At the balance sheet date, included within other creditors is an amount of £81,239 (2022: £80,484) owed to Polihim - SS Limited, a company incorporated in Bulgaria and owned by the parents of Ms P Stefanova, the director of Polihim-SS UK Limited. The loan is unsecured and repayable on demand. Interest is charged at 2% of this loan and amounted to £1,610 (2022: £1,610).

 
Page 8