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REGISTERED NUMBER: 09236890 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30th September 2024

for

POLAR PLANET LIMITED

POLAR PLANET LIMITED (REGISTERED NUMBER: 09236890)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLAR PLANET LIMITED

Company Information
for the Year Ended 30th September 2024







DIRECTOR: R Corbett





REGISTERED OFFICE: 38 Salisbury Road
Worthing
West Sussex
BN11 1RD





REGISTERED NUMBER: 09236890 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

POLAR PLANET LIMITED (REGISTERED NUMBER: 09236890)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 75,482 95,208

CURRENT ASSETS
Stocks 20,000 62,500
Debtors 5 132,849 112,427
Cash at bank 2,912 77,369
155,761 252,296
CREDITORS
Amounts falling due within one year 6 97,381 88,460
NET CURRENT ASSETS 58,380 163,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,862

259,044

CREDITORS
Amounts falling due after more than one
year

7

52,802

86,173
NET ASSETS 81,060 172,871

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 80,060 171,871
SHAREHOLDERS' FUNDS 81,060 172,871

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

POLAR PLANET LIMITED (REGISTERED NUMBER: 09236890)

Balance Sheet - continued
30th September 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 director and authorised for issue on 9th June 2025 and were signed by:





R Corbett - Director


POLAR PLANET LIMITED (REGISTERED NUMBER: 09236890)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Polar Planet 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.
Office equipment - 25% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 16 ) .

POLAR PLANET LIMITED (REGISTERED NUMBER: 09236890)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Office Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023
and 30th September 2024 7,759 173,401 5,740 186,900
DEPRECIATION
At 1st October 2023 7,024 79,344 5,324 91,692
Charge for year 551 18,809 366 19,726
At 30th September 2024 7,575 98,153 5,690 111,418
NET BOOK VALUE
At 30th September 2024 184 75,248 50 75,482
At 30th September 2023 735 94,057 416 95,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,114 89,195
Other debtors 4,950 4,950
Corporation tax recoverable 3,652 -
VAT 18,870 11,418
Prepayments 7,263 6,864
132,849 112,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans & overdrafts 10,000 10,000
Hire purchase contracts 22,956 22,956
Trade creditors 32,133 35,885
Corporation tax reserve - 3,652
PAYE & NIC control 4,110 6,222
Director's loan account 26,676 7,495
Accrued expenses 863 1,314
Pension control 643 936
97,381 88,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 15,000 25,000
Hire purchase contracts 37,802 61,173
52,802 86,173