Registered number
09105960
Polsat Limited
Filleted Accounts
31 December 2023
Polsat Limited
Registered number: 09105960
Balance Sheet
as at 31 December 2023
Notes 2023 2022
PLN PLN
Current assets
Debtors 3 519 519
Cash at bank and in hand 87,076 110,460
87,595 110,979
Creditors: amounts falling due within one year 4 (9,205) (4,766)
Net current assets 78,390 106,213
Net assets 78,390 106,213
Capital and reserves
Called up share capital 519 519
Profit and loss account 77,871 105,694
Shareholders' funds 78,390 106,213
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Janusz Pliszka
Director
Approved by the board on 30 May 2024
Polsat Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
PLN PLN
Trade debtors 519 519
4 Creditors: amounts falling due within one year 2023 2022
PLN PLN
Trade creditors 9,205 4,766
5 Other information
Polsat Limited is a private company limited by shares and incorporated in England. Its registered office is:
226-228 King Street
London
W6 0RA
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