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POLESTAR COMMERCIALS LIMITED

Registered Number
15240750
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2024

POLESTAR COMMERCIALS LIMITED
Company Information
for the period from 27 October 2023 to 31 October 2024

Director

David Christopher Butler

Company Secretary

David Butler

Registered Address

Suite L, Kbf House
55 Victoria Road
Burgess Hill
RH15 9LH

Place of Business

Plot L1 Sheepdrift Farm

Waldringfield Road

Brightwell

Ipswich

IP10 0BJ


Registered Number

15240750 (England and Wales)
POLESTAR COMMERCIALS LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

£

£

Fixed assets
Tangible assets313,000
13,000
Current assets
Debtors8,037
Cash at bank and on hand7,421
15,458
Creditors amounts falling due within one year(16,129)
Net current assets (liabilities)(671)
Total assets less current liabilities12,329
Creditors amounts falling due after one year(28,939)
Net assets(16,610)
Capital and reserves
Called up share capital1
Profit and loss account(16,611)
Shareholders' funds(16,610)
The financial statements were approved and authorised for issue by the Director on 17 December 2024, and are signed on its behalf by:
David Christopher Butler
Director
Registered Company No. 15240750
POLESTAR COMMERCIALS LIMITED
Notes to the Financial Statements
for the period ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Total

£
Cost or valuation
Additions16,250
At 31 October 2416,250
Depreciation and impairment
Charge for year3,250
At 31 October 243,250
Net book value
At 31 October 2413,000
At 26 October 23-