Company Registration No. 07365061 (England and Wales)
Polymerwise Limited
Unaudited accounts
for the year ended 30 September 2024
Polymerwise Limited
Unaudited accounts
Contents
Polymerwise Limited
Company Information
for the year ended 30 September 2024
Directors
G Savage
J S Savage
Company Number
07365061 (England and Wales)
Registered Office
Chalcot, Arrow Lane,
North Littleton,
Evesham
Worcestershire
WE11 8EF
Accountants
Mosaic Accounting Limited
Frensham
Blakes Hill,
North Littleton,
Evesham
Warwickshire
WR11 8QN
Polymerwise Limited
Statement of financial position
as at 30 September 2024
Tangible assets
75,194
78,818
Cash at bank and in hand
7,784
8,491
Creditors: amounts falling due within one year
(30,662)
(27,822)
Net current liabilities
(22,878)
(19,331)
Total assets less current liabilities
52,316
59,487
Creditors: amounts falling due after more than one year
(24,084)
(34,380)
Called up share capital
100
100
Profit and loss account
28,132
25,007
Shareholders' funds
28,232
25,107
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by
G Savage
Director
Company Registration No. 07365061
Polymerwise Limited
Notes to the Accounts
for the year ended 30 September 2024
Polymerwise Limited is a private company, limited by shares, registered in England and Wales, registration number 07365061. The registered office is Chalcot, Arrow Lane,, North Littleton, , Evesham, Worcestershire, WE11 8EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
81,821
10,221
92,042
At 30 September 2024
81,821
10,221
92,042
At 1 October 2023
7,500
5,724
13,224
Charge for the year
2,500
1,124
3,624
At 30 September 2024
10,000
6,848
16,848
At 30 September 2024
71,821
3,373
75,194
At 30 September 2023
74,321
4,497
78,818
Polymerwise Limited
Notes to the Accounts
for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,632
13,632
Taxes and social security
2,127
6
Accrued preference dividends
700
700
Loans from directors
8,601
8,620
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
24,084
34,380
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).