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REGISTERED NUMBER: 13564496 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POLYMER COATINGS LIMITED

POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLYMER COATINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: G J F Lammertyn
M A Mader-Horne
P Phillips
C P Yates





REGISTERED OFFICE: Unit 2a Petre Court Petre Road
Clayton Business Park
Clayton Le Moors
United Kingdom
BB5 5HY





REGISTERED NUMBER: 13564496 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,591 41,936

CURRENT ASSETS
Stocks 133,298 98,320
Debtors 5 113,758 73,224
Cash at bank 127,048 64,758
374,104 236,302
CREDITORS
Amounts falling due within one year 6 132,973 98,677
NET CURRENT ASSETS 241,131 137,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,722

179,561

CAPITAL AND RESERVES
Called up share capital 133,333 133,333
Retained earnings 149,389 46,228
282,722 179,561

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





P Phillips - Director


POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Polymer Coatings 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.

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 - 12.5% on cost

Tangible fixed assets are initially recorded at historic cost and stated in the balance sheet at their net book value, being the amount of capital expenditure less accumulated depreciation.

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

The residual value and useful lives of tangible assets are considered annually for indicators that these may have changed. Where such indicators are present, a review will be carried out of the residual value, depreciation method and useful lives, and these will be amended if necessary. Changes in depreciation rates arising from this review are accounted for prospectively over the remaining useful lives of the assets

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

POLYMER COATINGS LIMITED (REGISTERED NUMBER: 13564496)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024 55,915
Additions 7,594
At 31 December 2024 63,509
DEPRECIATION
At 1 January 2024 13,979
Charge for year 7,939
At 31 December 2024 21,918
NET BOOK VALUE
At 31 December 2024 41,591
At 31 December 2023 41,936

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade debtors 113,758 73,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.24 31.12.23
£    £   
Trade creditors 56,647 92,935
Tax 27,716 -
VAT 5,208 4,842
Other creditors 42,502 -
Accruals and deferred income 900 900
132,973 98,677