Company No:
Contents
Note | 31.12.2024 | 31.12.2023 | ||
£ | £ | |||
Current assets | ||||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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432,397 | 86,989 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets/(liabilities) | 17,032 | (3,221) | ||
Total assets less current liabilities | 17,032 | (3,221) | ||
Net assets/(liabilities) |
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account |
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Total shareholder's funds/(deficit) |
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Eway Polymers Limited (registered number:
Mrs M Voronyatova Gehring
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Eway Polymers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Year ended 31.12.2024 |
Period from 14.06.2023 to 31.12.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Trade debtors |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to associates |
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Accruals |
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Taxation and social security |
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31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Other related party transactions
31.12.2024 | 31.12.2023 | ||
£ | £ | ||
Amount due from a company under common control | 404,088 | 72,810 |