Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07390443 Mrs Annamaija Mikkonen Mr Esa Mikkonen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07390443 2023-09-30 07390443 2024-09-30 07390443 2023-10-01 2024-09-30 07390443 frs-core:CurrentFinancialInstruments 2024-09-30 07390443 frs-core:Non-currentFinancialInstruments 2024-09-30 07390443 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07390443 frs-core:PlantMachinery 2024-09-30 07390443 frs-core:PlantMachinery 2023-10-01 2024-09-30 07390443 frs-core:PlantMachinery 2023-09-30 07390443 frs-core:ShareCapital 2024-09-30 07390443 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07390443 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07390443 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07390443 frs-bus:SmallEntities 2023-10-01 2024-09-30 07390443 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07390443 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07390443 frs-bus:Director1 2023-10-01 2024-09-30 07390443 frs-bus:Director2 2023-10-01 2024-09-30 07390443 frs-core:CurrentFinancialInstruments 1 2024-09-30 07390443 frs-countries:EnglandWales 2023-10-01 2024-09-30 07390443 2022-09-30 07390443 2023-09-30 07390443 2022-10-01 2023-09-30 07390443 frs-core:CurrentFinancialInstruments 2023-09-30 07390443 frs-core:Non-currentFinancialInstruments 2023-09-30 07390443 frs-core:ShareCapital 2023-09-30 07390443 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07390443 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 07390443
POLAR TIMBER LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
CANTOR ATKIN
Kirkleas
Old Road
Buckland
Surrey
RH3 7DZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07390443
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,286
- 1,286
CURRENT ASSETS
Debtors 5 5,022 14,577
Cash at bank and in hand 89,063 60,569
94,085 75,146
Creditors: Amounts Falling Due Within One Year 6 (12,856 ) (1,151 )
NET CURRENT ASSETS (LIABILITIES) 81,229 73,995
TOTAL ASSETS LESS CURRENT LIABILITIES 81,229 75,281
Creditors: Amounts Falling Due After More Than One Year 7 (31,773 ) (40,553 )
NET ASSETS 49,456 34,728
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 49,356 34,628
SHAREHOLDERS' FUNDS 49,456 34,728
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Esa Mikkonen
Director
10/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
POLAR TIMBER LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07390443 . The registered office is Kirkleas, Old Road, Buckland, Surrey, RH3 7DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover includes commissions earned on the sale of timber products and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% per annum on a straight line basis
Computer Equipment 25% per annum on a straight line basis
3. Average Number of Employees
2Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 16,132
As at 30 September 2024 16,132
Depreciation
As at 1 October 2023 14,846
Provided during the period 1,286
As at 30 September 2024 16,132
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 1,286
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,800 -
Other debtors 100 100
VAT Repayable 2,014 3,495
VAT 170 -
Other taxes and social security 938 -
Net wages - 5,400
5,022 8,995
...CONTINUED
Page 3
Page 4
Due after more than one year
Directors's Loan account - 5,582
5,022 14,577
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) 1
Bank loans and overdrafts 3,204 -
Corporation tax 6,154 (2,350 )
Accruals and deferred income 3,500 3,500
12,856 1,151
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,773 40,553
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 874 40,812
Page 4