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REGISTERED NUMBER: 01393942 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Poly Advisory Services Limited

Poly Advisory Services Limited (Registered number: 01393942)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Poly Advisory Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr A I King
Mrs A R Merrill





SECRETARY: Mrs A R Merrill





REGISTERED OFFICE: Hollygate Industrial Park
Hollygate Lane
Cotgrave
Nottingham
Nottinghamshire
NG12 3JW





REGISTERED NUMBER: 01393942 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Poly Advisory Services Limited (Registered number: 01393942)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 84,806 -
Investments 5 120 120
84,926 120

CURRENT ASSETS
Debtors 6 - 139,023
Cash at bank 9,974 56,059
9,974 195,082
CREDITORS
Amounts falling due within one year 7 (40,924 ) (191,821 )
NET CURRENT (LIABILITIES)/ASSETS (30,950 ) 3,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,976

3,381

PROVISIONS FOR LIABILITIES (21,202 ) -
NET ASSETS 32,774 3,381

CAPITAL AND RESERVES
Called up share capital 8 2,400 2,400
Share premium 16 16
Retained earnings 30,358 965
SHAREHOLDERS' FUNDS 32,774 3,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Poly Advisory Services Limited (Registered number: 01393942)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mr A I King - Director


Poly Advisory Services Limited (Registered number: 01393942)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Poly Advisory Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Poly Advisory Services Limited as an individual company and do not contain consolidated financial information. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Poly Advisory Services Limited (Registered number: 01393942)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 94,173
At 31 May 2024 94,173
DEPRECIATION
Charge for year 9,367
At 31 May 2024 9,367
NET BOOK VALUE
At 31 May 2024 84,806

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 120
NET BOOK VALUE
At 31 May 2024 120
At 31 May 2023 120

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Poly Advisory Limited
Registered office:
Nature of business: Glass fibre industry
%
Class of shares: holding
Ordinary A 100.00
Ordinary B

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings - 139,023

Poly Advisory Services Limited (Registered number: 01393942)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings - 155,821
Taxation and social security 4,924 -
Other creditors 36,000 36,000
40,924 191,821

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2,400 Ordinary A shares £1 2,400 2,400

9. ULTIMATE HOLDING COMPANY

The ultimate holding company is Thurcroft Holdings Limited.