2024-03-012025-02-282025-02-28false08822373Polar Skate Co 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Polar Skate Co Limited

Registered Number
08822373
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

Polar Skate Co Limited
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

ALV, Pontus
HALLS, Michael Arthur

Registered Address

Unit 3b Didcot Park Churchward
Southmead Industrial Estate
Didcot
OX11 7HB

Registered Number

08822373 (England and Wales)
Polar Skate Co Limited
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investments311
11
Current assets
Debtors1,567,5354,287,713
Cash at bank and on hand7,680436,320
1,575,2154,724,033
Creditors amounts falling due within one year4(101)(2,279)
Net current assets (liabilities)1,575,1144,721,754
Total assets less current liabilities1,575,1154,721,755
Net assets1,575,1154,721,755
Capital and reserves
Called up share capital100100
Profit and loss account1,575,0154,721,655
Shareholders' funds1,575,1154,721,755
The financial statements were approved and authorised for issue by the Board of Directors on 6 March 2025, and are signed on its behalf by:
HALLS, Michael Arthur
Director
Registered Company No. 08822373
Polar Skate Co Limited
Notes to the Financial Statements
for the year ended 28 February 2025

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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20252024
Average number of employees during the year22
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 March 2411
At 28 February 2511
Net book value
At 28 February 2511
At 29 February 2411

Notes

1Investments in group undertakings and participating interests
4.Creditors: amounts due within one year

2025

2024

££
Taxation and social security-465
Other creditors101101
Accrued liabilities and deferred income-1,713
Total1012,279