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REGISTERED NUMBER: 05877704 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Polka. Design Ltd

Polka. Design Ltd (Registered number: 05877704)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Polka. Design Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: T Grzelinski
D Grzelinska





SECRETARY: D Grzelinska





REGISTERED OFFICE: Beech Studio
The Vines, Top Sutton
Bishop Sutton
Bristol
Avon
BS39 5UW





REGISTERED NUMBER: 05877704 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Polka. Design Ltd (Registered number: 05877704)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,242 3,242
Tangible assets 5 87,386 103,692
90,628 106,934

CURRENT ASSETS
Debtors 6 67,645 26,733
Cash at bank 340,601 499,301
408,246 526,034
CREDITORS
Amounts falling due within one year 7 109,076 150,079
NET CURRENT ASSETS 299,170 375,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,798

482,889

PROVISIONS FOR LIABILITIES 17,220 20,318
NET ASSETS 372,578 462,571

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 372,576 462,569
SHAREHOLDERS' FUNDS 372,578 462,571

Polka. Design Ltd (Registered number: 05877704)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





T Grzelinski - Director


Polka. Design Ltd (Registered number: 05877704)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Polka. Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Polka. Design Ltd (Registered number: 05877704)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 3,242
NET BOOK VALUE
At 31 July 2024 3,242
At 31 July 2023 3,242

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2023 38,974 68,870 18,394
Additions - - -
At 31 July 2024 38,974 68,870 18,394
DEPRECIATION
At 1 August 2023 - 27,017 17,116
Charge for year - 10,463 320
At 31 July 2024 - 37,480 17,436
NET BOOK VALUE
At 31 July 2024 38,974 31,390 958
At 31 July 2023 38,974 41,853 1,278

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 8,750 162,441 297,429
Additions - 2,332 2,332
At 31 July 2024 8,750 164,773 299,761
DEPRECIATION
At 1 August 2023 8,257 141,347 193,737
Charge for year 124 7,731 18,638
At 31 July 2024 8,381 149,078 212,375
NET BOOK VALUE
At 31 July 2024 369 15,695 87,386
At 31 July 2023 493 21,094 103,692

Polka. Design Ltd (Registered number: 05877704)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 67,645 26,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,061 5,968
Tax 24,376 27,987
VAT 24,372 15,104
Other creditors 1,836 2,741
Directors' current accounts 53,631 96,779
Accrued expenses 1,800 1,500
109,076 150,079

8. RESERVES
Retained
earnings
£   

At 1 August 2023 462,569
Profit for the year 68,507
Dividends (158,500 )
At 31 July 2024 372,576