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31/12/2023
2023-12-31
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2023-01-01
Sage Accounts Production 21.0 - FRS102_2021
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00283265
2023-01-01
2023-12-31
00283265
2023-12-31
00283265
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2022-01-01
2022-12-31
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00283265
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2022-12-31
00283265
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2022-12-31
00283265
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00283265
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00283265
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2023-12-31
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2022-12-31
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00283265
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00283265
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2022-12-31
00283265
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2023-12-31
00283265
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2022-12-31
00283265
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2023-01-01
2023-12-31
00283265
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2023-01-01
2023-12-31
00283265
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2023-01-01
2023-12-31
00283265
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2023-01-01
2023-12-31
00283265
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00283265
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00283265
1
2023-01-01
2023-12-31
Company registration number:
00283265
A Pollick Limited
Filleted financial statements
31 December 2023
A Pollick Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
A Pollick Limited
Directors and other information
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Directors |
Robert Wayne Pollick |
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Company number |
00283265 |
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Registered office |
Crossens Way Business Park |
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Crossens Way |
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Southport |
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England |
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PR9 9LY |
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Business address |
3 Eagar Street |
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Newton Heath |
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Manchester |
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M40 1EP |
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Auditor |
Forshaws Accountants Limited |
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Crossens Way |
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Southport |
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PR9 9LY |
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A Pollick Limited
Directors responsibilities statement
Year ended 31 December 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and accounting estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
A Pollick Limited
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
272,241 |
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328,642 |
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_______ |
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_______ |
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272,241 |
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328,642 |
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Current assets |
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Debtors |
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6 |
908,786 |
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454,282 |
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Investments |
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7 |
341 |
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408 |
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Cash at bank and in hand |
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562,880 |
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1,033,516 |
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_______ |
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_______ |
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1,472,007 |
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1,488,206 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
735,377) |
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(
664,289) |
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_______ |
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_______ |
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Net current assets |
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736,630 |
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823,917 |
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_______ |
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Total assets less current liabilities |
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1,008,871 |
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1,152,559 |
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Provisions for liabilities |
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(
15,462) |
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(
15,079) |
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_______ |
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Net assets |
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993,409 |
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1,137,480 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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45 |
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45 |
Capital redemption reserve |
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7 |
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7 |
Profit and loss account |
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993,357 |
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1,137,428 |
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_______ |
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_______ |
Shareholders funds |
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993,409 |
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1,137,480 |
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_______ |
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_______ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
Robert Wayne Pollick
Director
Company registration number:
00283265
A Pollick Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, incorporated in England. The address of the registered office is Crossens Way Business Park, Crossens Way, Southport, England, PR9 9LY. The principal activity of the company is that of shopfitting.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in pounds sterling, which is the functional currency of the entity.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
The company's contracts with customers include the provision of both goods and services. When the outcome of a contract can be estimated reliably the associated revenue is recognised by reference to the estimated stage of completion at the end of the reporting period. The estimated stage of completion is determined based on the proportion that costs incurred for work performed to date bear to the estimated total costs. Any costs whose recovery is not probable are recognised immediately as an expens. When the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable wil be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
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Long Leasehold Property |
- |
2% Straight line |
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Plant and Machinery |
- |
20% Straight line |
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Fixtures, Fittings and Equipment |
- |
15% Reducing balance |
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Motor Vehicles |
- |
25% Straight line |
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Computer Equipment |
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25% Straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Financial assets and financial liabilities are recognised in the Statement of Financial Position when the company becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors (excluding prepayments and deferred income) are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank. Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.
Current asset investments
Current asset investments are initially recorded at cost. Current asset investments are revalued their fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
22
(2022:
22
).
5.
Tangible assets
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Long leasehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Computer equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 |
304,125 |
13,717 |
75,098 |
276,307 |
73,523 |
742,770 |
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Additions |
- |
- |
124 |
- |
511 |
635 |
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2023 |
304,125 |
13,717 |
75,222 |
276,307 |
74,034 |
743,405 |
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 January 2023 |
115,568 |
13,646 |
67,229 |
159,863 |
57,818 |
414,124 |
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Charge for the year |
6,083 |
48 |
1,260 |
41,581 |
8,068 |
57,040 |
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2023 |
121,651 |
13,694 |
68,489 |
201,444 |
65,886 |
471,164 |
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 December 2023 |
182,474 |
23 |
6,733 |
74,863 |
8,148 |
272,241 |
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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At 31 December 2022 |
188,557 |
71 |
7,869 |
116,444 |
15,705 |
328,646
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_______ |
_______ |
_______ |
_______ |
_______ |
_______ |
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6.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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601,005 |
331,530 |
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Other debtors |
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307,781 |
122,752 |
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_______ |
_______ |
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908,786 |
454,282 |
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_______ |
_______ |
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7.
Investments
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2023 |
2022 |
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£ |
£ |
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Other Investments as at 1st January 2022 |
|
408 |
432 |
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Other investments revaluation |
|
(67) |
(24) |
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_______ |
_______ |
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341 |
408 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
|
225,729 |
174,431 |
|
Social security and other taxes |
|
356,915 |
327,933 |
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Other creditors |
|
152,733 |
161,925 |
|
|
|
_______ |
_______ |
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735,377 |
664,289 |
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_______ |
_______ |
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9.
Events after the end of the reporting period
In September 2024, the company settled a legal claim with fees estimated to be within the range of £200,000 and £250,000.
10.
Summary audit opinion
The auditor's report for the year dated
17 September 2024
was unqualified.
The senior statutory auditor was
Andrew Goddard
for and on behalf of
Forshaws Accountants Limited
11.
Controlling party
The ultimate controlling party is A Pollick Employee Trustee Limited by virtue of their 100% holding of the issued share capital.