2023-02-01 NI643075 2024-01-31 NI643075 2023-02-01 2024-01-31 NI643075 2023-01-31 NI643075 2022-02-01 2023-01-31 NI643075 uk-core:WithinOneYear 2023-01-31 NI643075 uk-core:WithinOneYear 2024-01-31 NI643075 uk-core:AfterOneYear 2023-01-31 NI643075 uk-core:AfterOneYear 2024-01-31 NI643075 uk-core:ShareCapital 2024-01-31 NI643075 uk-core:ShareCapital 2023-01-31 NI643075 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI643075 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI643075 uk-bus:Director1 2023-02-01 2024-01-31 NI643075 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI643075 uk-core:Goodwill 2023-01-31 NI643075 uk-core:Goodwill 2024-01-31 NI643075 uk-core:WithinOneYear 2024-01-31 NI643075 uk-core:WithinOneYear 2023-01-31 NI643075 uk-core:AfterOneYear uk-core:Secured 2024-01-31 NI643075 uk-core:AfterOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure NI643075 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI643075 uk-bus:FRS102 2023-02-01 2024-01-31 NI643075 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 NI643075 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Polymer Resource Limited
Registered Number:NI643075
For the year ended 31 January 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 January 2024
Polymer Resource Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI643075
As at 31 January 2024
Polymer Resource Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
300,868
336,316
3
300,868
336,316
Current assets
Inventories
21,974
6,798
4
Trade and other receivables
563,042
631,615
5
66,387
Cash and cash equivalents
152,171
790,584
651,403
Trade and other payables: amounts falling due within one
year
(454,158)
(539,892)
6
197,245
250,692
Net current assets
Total assets less current liabilities
551,560
533,561
Trade and other payables: amounts falling due after more
than one year
(24,051)
(14,196)
7
(42,137)
-
Provisions for liabilities
495,227
Net assets
509,510
Capital and reserves
Called up share capital
100
100
Retained earnings
495,127
509,410
495,227
509,510
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ruth Nicholson Director
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by:
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4
Registered Number :
NI643075
For the year ended 31 January 2024
Polymer Resource Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 January 2024
Polymer Resource Limited
Notes to the Financial Statements
Statutory Information
Polymer Resource Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI643075.
Registered address:
Unit 6 Armagh Business Park
Hamiltonsbawn Road
Armagh
Armagh
BT60 1HW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 January 2024
Polymer Resource Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 February 2023
25,000
At 31 January 2024
25,000
Amortisation
At 01 February 2023
25,000
At 31 January 2024
25,000
Net book value
At 31 January 2024
-
At 31 January 2023
-
3. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 February 2023
580,999
7,533
Additions
At 31 January 2024
588,532
Provision for depreciation and impairment
At 01 February 2023
244,683
Charge for year
42,981
At 31 January 2024
287,664
At 31 January 2024
Net book value
300,868
At 31 January 2023
336,316
4. Inventories
2023
2024
£
£
Stocks
6,798
21,974
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7
For the year ended 31 January 2024
Polymer Resource Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
42,200
18,281
Amounts owed by group undertakings and participating interests
564,985
505,153
Other debtors
24,430
39,608
563,042
631,615
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,648
10,648
Trade creditors
69,287
101,631
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
416,991
271,991
Taxation and social security
30,347
55,834
Other creditors
12,619
14,054
539,892
454,158
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
14,196
24,051
8. Average number of persons employed
During the year the average number of employees was 15 (2023 : 16)
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