POLAR REFRIGERATION & AIR CONDITIONING LTD

Company Registration Number:
SC386028 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

POLAR REFRIGERATION & AIR CONDITIONING LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

POLAR REFRIGERATION & AIR CONDITIONING LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 9,723 14,584
Total fixed assets: 9,723 14,584
Current assets
Debtors:   53,996 44,406
Total current assets: 53,996 44,406
Creditors: amounts falling due within one year:   (66,102) (41,741)
Net current assets (liabilities): (12,106) 2,665
Total assets less current liabilities: (2,383) 17,249
Creditors: amounts falling due after more than one year:   (10,568) (16,451)
Total net assets (liabilities): (12,951) 798
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (12,953) 796
Shareholders funds: (12,951) 798

The notes form part of these financial statements

POLAR REFRIGERATION & AIR CONDITIONING LTD

Balance sheet statements

For the year ending 30 September 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 26 September 2024
and signed on behalf of the board by:

Name: C R Walker
Status: Director

The notes form part of these financial statements

POLAR REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 30 September 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

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.

POLAR REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

POLAR REFRIGERATION & AIR CONDITIONING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 45,168
At 30 September 2023 45,168
Depreciation
At 01 October 2022 30,584
Charge for year 4,861
At 30 September 2023 35,445
Net book value
At 30 September 2023 9,723
At 30 September 2022 14,584