Company Registration No. 13255842 (England and Wales)
Polipo Limited
Unaudited accounts
for the year ended 31 March 2024
Polipo Limited
Unaudited accounts
Contents
Polipo Limited
Company Information
for the year ended 31 March 2024
Directors
Naveed Parvez
Samiya Parvez
Company Number
13255842 (England and Wales)
Registered Office
7 Cambridge Close
London
E17 8LH
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Polipo Limited
Statement of financial position
as at 31 March 2024
Tangible assets
4,417
4,078
Cash at bank and in hand
29,412
4
Creditors: amounts falling due within one year
(12,594)
(12,321)
Net current assets/(liabilities)
24,424
(7,775)
Net assets/(liabilities)
28,841
(3,697)
Called up share capital
2
2
Profit and loss account
28,839
(3,699)
Shareholders' funds
28,841
(3,697)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by
Naveed Parvez
Director
Company Registration No. 13255842
Polipo Limited
Notes to the Accounts
for the year ended 31 March 2024
Polipo Limited is a private company, limited by shares, registered in England and Wales, registration number 13255842. The registered office is 7 Cambridge Close, London, E17 8LH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
2,333
4,386
6,719
At 31 March 2024
2,333
5,836
8,169
At 1 April 2023
918
1,723
2,641
Charge for the year
354
757
1,111
At 31 March 2024
1,272
2,480
3,752
At 31 March 2024
1,061
3,356
4,417
At 31 March 2023
1,415
2,663
4,078
Polipo Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,533
10,442
Loans from directors
849
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
5,271
(37,768)
(38,355)
5,858
Director Loan Account
(729)
(41,333)
(35,355)
(6,707)
4,542
(79,101)
(73,710)
(849)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).