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Company Registration No. 04930035 (England and Wales)
Polycom Services Limited Unaudited accounts for the year ended 31 January 2024
Polycom Services Limited Unaudited accounts Contents
Page
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Polycom Services Limited Company Information for the year ended 31 January 2024
Director
Muhammad YASIN
Company Number
04930035 (England and Wales)
Registered Office
Marsden Mill Brunswick Street Nelson BB9 0LY England
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Polycom Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
976 
1,148 
Current assets
Debtors
- 
8,031 
Cash at bank and in hand
33 
5,559 
33 
13,590 
Creditors: amounts falling due within one year
(20,356)
(29,408)
Net current liabilities
(20,323)
(15,818)
Net liabilities
(19,347)
(14,670)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(20,347)
(15,670)
Shareholders' funds
(19,347)
(14,670)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
Muhammad YASIN Director Company Registration No. 04930035
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Polycom Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Polycom Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04930035. The registered office is Marsden Mill, Brunswick Street, Nelson, BB9 0LY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
25,000 
At 31 January 2024
25,000 
Amortisation
At 1 February 2023
25,000 
At 31 January 2024
25,000 
Net book value
At 31 January 2024
- 
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Polycom Services Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
17,579 
At 31 January 2024
17,579 
Depreciation
At 1 February 2023
16,431 
Charge for the year
172 
At 31 January 2024
16,603 
Net book value
At 31 January 2024
976 
At 31 January 2023
1,148 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,031 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
650 
- 
Other creditors
19,706 
29,408 
20,356 
29,408 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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