2023-02-01 NI643166 2024-01-31 NI643166 2023-02-01 2024-01-31 NI643166 2023-01-31 NI643166 2022-02-01 2023-01-31 NI643166 uk-core:WithinOneYear 2023-01-31 NI643166 uk-core:WithinOneYear 2024-01-31 NI643166 uk-core:AfterOneYear 2023-01-31 NI643166 uk-core:AfterOneYear 2024-01-31 NI643166 uk-core:ShareCapital 2024-01-31 NI643166 uk-core:ShareCapital 2023-01-31 NI643166 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI643166 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 NI643166 uk-bus:Director1 2023-02-01 2024-01-31 NI643166 uk-core:PlantMachinery 2023-02-01 2024-01-31 NI643166 uk-core:WithinOneYear 2024-01-31 NI643166 uk-core:WithinOneYear 2023-01-31 NI643166 uk-core:AfterOneYear uk-core:Secured 2024-01-31 NI643166 uk-core:AfterOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure NI643166 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI643166 uk-bus:FRS102 2023-02-01 2024-01-31 NI643166 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 NI643166 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Polymer Resource Management Limited
Registered Number:NI643166
For the year ended 31 January 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 January 2024
Polymer Resource Management Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI643166
As at 31 January 2024
Polymer Resource Management Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,072
3,840
2
3,072
3,840
Current assets
Trade and other receivables
482,576
814,260
3
564,278
Cash and cash equivalents
269,564
1,083,824
1,046,854
Trade and other payables: amounts falling due within one
year
(232,305)
(178,709)
4
814,549
905,115
Net current assets
Total assets less current liabilities
908,187
818,389
Trade and other payables: amounts falling due after more
than one year
(24,836)
(15,083)
5
(584)
-
Provisions for liabilities
892,520
Net assets
793,553
Capital and reserves
Called up share capital
100
100
Retained earnings
892,420
793,453
892,520
793,553
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 :
NI643166
For the year ended 31 January 2024
Polymer Resource Management Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2024
Polymer Resource Management Limited
Notes to the Financial Statements
Statutory Information
Polymer Resource Management Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI643166.
Registered address:
Unit 6
Hamiltonsbawn Road Industrial Estate
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
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.
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 February 2023
6,000
At 31 January 2024
6,000
Provision for depreciation and impairment
At 01 February 2023
2,160
Charge for year
768
At 31 January 2024
2,928
At 31 January 2024
Net book value
3,072
At 31 January 2023
3,840
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6
For the year ended 31 January 2024
Polymer Resource Management Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
834
6,997
Amounts owed by group undertakings and participating interests
813,426
475,579
482,576
814,260
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,648
10,648
Trade creditors
18,947
9,341
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
104,134
104,134
Taxation and social security
44,030
107,232
Other creditors
950
950
178,709
232,305
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
15,083
24,836
6. Average number of persons employed
During the year the average number of employees was 0
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