POLAR COOLING SERVICES LTD

Company Registration Number:
06097909 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

POLAR COOLING SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

POLAR COOLING SERVICES LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 73,726 69,488
Total fixed assets: 73,726 69,488
Current assets
Stocks: 97,430 97,404
Debtors:   201,080 214,041
Cash at bank and in hand: 14,068 58,531
Total current assets: 312,578 369,976
Creditors: amounts falling due within one year:   (308,823) (304,690)
Net current assets (liabilities): 3,755 65,286
Total assets less current liabilities: 77,481 134,774
Total net assets (liabilities): 77,481 134,774
Capital and reserves
Called up share capital: 500 500
Other reserves: 500 500
Profit and loss account: 76,481 133,774
Shareholders funds: 77,481 134,774

The notes form part of these financial statements

POLAR COOLING SERVICES LTD

Balance sheet statements

For the year ending 31 March 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Mr A Jones
Status: Director

The notes form part of these financial statements

POLAR COOLING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

POLAR COOLING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 12 13

POLAR COOLING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 240,212
Additions 24,119
At 31 March 2024 264,331
Depreciation
At 01 April 2023 170,724
Charge for year 19,881
At 31 March 2024 190,605
Net book value
At 31 March 2024 73,726
At 31 March 2023 69,488