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Company Registration No. 10117144 (England and Wales)
Polar Rendering Ltd Unaudited accounts for the year ended 30 April 2024
Polar Rendering Ltd Unaudited accounts Contents
Page
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Polar Rendering Ltd Company Information for the year ended 30 April 2024
Directors
Kevin Coles Leanne Coles
Company Number
10117144 (England and Wales)
Registered Office
UNIT 1 RIVER RAY ESTATE BARNFIELD ROAD SWINDON WILTSHIRE SN2 2DT UNITED KINGDOM
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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Polar Rendering Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,405 
41,155 
Current assets
Debtors
12,003 
43,210 
Cash at bank and in hand
12,581 
(16,197)
24,584 
27,013 
Creditors: amounts falling due within one year
(2,090)
(255)
Net current assets
22,494 
26,758 
Total assets less current liabilities
53,899 
67,913 
Creditors: amounts falling due after more than one year
(29,856)
(38,673)
Net assets
24,043 
29,240 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,943 
29,140 
Shareholders' funds
24,043 
29,240 
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by
Kevin Coles Director Company Registration No. 10117144
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Polar Rendering Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Polar Rendering Ltd is a private company, limited by shares, registered in England and Wales, registration number 10117144. The registered office is UNIT 1 RIVER RAY ESTATE, BARNFIELD ROAD, SWINDON, WILTSHIRE, SN2 2DT, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
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Polar Rendering Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
6,916 
49,450 
543 
56,909 
Additions
581 
- 
- 
581 
At 30 April 2024
7,497 
49,450 
543 
57,490 
Depreciation
At 1 May 2023
26 
15,453 
275 
15,754 
Charge for the year
1,765 
8,499 
67 
10,331 
At 30 April 2024
1,791 
23,952 
342 
26,085 
Net book value
At 30 April 2024
5,706 
25,498 
201 
31,405 
At 30 April 2023
6,890 
33,997 
268 
41,155 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,640 
1,821 
Trade debtors
27 
13,807 
Other debtors
8,336 
27,582 
12,003 
43,210 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,907 
3,566 
Taxes and social security
(2,567)
(7,502)
Other creditors
914 
671 
Loans from directors
- 
1,916 
Accruals
1,836 
1,604 
2,090 
255 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,288 
11,551 
Obligations under finance leases and hire purchase contracts
22,568 
27,122 
29,856 
38,673 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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