Company Registration No. SC558824 (Scotland)
Company Policy Ltd
Unaudited accounts
for the year ended 29 February 2024
Company Policy Ltd
Unaudited accounts
Contents
Company Policy Ltd
Company Information
for the year ended 29 February 2024
Company Number
SC558824 (Scotland)
Registered Office
UNIT 17
MID ROAD INDUSTRIAL ESTATE
PRESTONPANS
EAST LOTHIAN
EH32 9ER
SCOTLAND
Company Policy Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
48,784
48,784
Creditors: amounts falling due within one year
(1,777,367)
(1,777,367)
Net current liabilities
(1,122,207)
(1,122,207)
Net liabilities
(1,121,856)
(1,121,856)
Called up share capital
25
25
Share premium
12,475
12,475
Profit and loss account
(1,134,356)
(1,134,356)
Shareholders' funds
(1,121,856)
(1,121,856)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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 30 December 2024 and were signed on its behalf by
Susan Brown
Director
Company Registration No. SC558824
Company Policy Ltd
Notes to the Accounts
for the year ended 29 February 2024
Company Policy Ltd is a private company, limited by shares, registered in Scotland, registration number SC558824. The registered office is UNIT 17, MID ROAD INDUSTRIAL ESTATE, PRESTONPANS, EAST LOTHIAN, EH32 9ER, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% straight line method
Expenditure on research and development is written off in the year in which it is incurred.
Expenditure recorded this year totals £889,500 and forms the basis of the R&D Tax Credit reclaim shown in other debtors.
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Tangible fixed assets
Fixtures & fittings
Company Policy Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
593,901
593,901
Amounts falling due after more than one year
Other debtors
12,475
12,475
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
409,242
409,242
Loans from directors
1,368,125
1,368,125
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Average number of employees
During the year the average number of employees was 0 (2023: 0).