POLYMASTER (U.K.) LTD.

Company Registration Number:
03281624 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

POLYMASTER (U.K.) LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

POLYMASTER (U.K.) LTD.

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 132,000 171,750
Tangible assets: 4 137,461 126,888
Total fixed assets: 269,461 298,638
Current assets
Stocks: 301,432 250,654
Debtors:   96,743 97,820
Cash at bank and in hand: 10,648 35,862
Total current assets: 408,823 384,336
Creditors: amounts falling due within one year:   (225,563) (209,870)
Net current assets (liabilities): 183,260 174,466
Total assets less current liabilities: 452,721 473,104
Creditors: amounts falling due after more than one year:   (14,951) (24,841)
Total net assets (liabilities): 437,770 448,263
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 5,000 5,000
Revaluation reserve:526,70926,709
Profit and loss account: 306,061 316,554
Shareholders funds: 437,770 448,263

The notes form part of these financial statements

POLYMASTER (U.K.) LTD.

Balance sheet statements

For the year ending 31 December 2023 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 20 September 2024
and signed on behalf of the board by:

Name: C D HELLIWELL
Status: Director

The notes form part of these financial statements

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 11 12

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 237,750
Transfers (17,750)
At 31 December 2023 220,000
Amortisation
At 01 January 2023 66,000
Charge for year 22,000
At 31 December 2023 88,000
Net book value
At 31 December 2023 132,000
At 31 December 2022 171,750

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 252,150
Additions 33,257
At 31 December 2023 285,407
Depreciation
At 01 January 2023 125,262
Charge for year 22,684
At 31 December 2023 147,946
Net book value
At 31 December 2023 137,461
At 31 December 2022 126,888

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 26,709
Surplus or deficit after revaluation 0
Balance at 31 December 2023 26,709