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REGISTERED NUMBER: 08868151 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

POLYMER OPTICS AUTOMOTIVE LIMITED

POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLYMER OPTICS AUTOMOTIVE LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: M J Hanney





REGISTERED OFFICE: The Hall
Priory Hill Rugby Road
Wolston
Coventry
CV8 3FZ





REGISTERED NUMBER: 08868151 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,829 -

CURRENT ASSETS
Debtors 6 437,268 307,153
Cash at bank 101,138 27,881
538,406 335,034
CREDITORS
Amounts falling due within one year 7 530,809 325,955
NET CURRENT ASSETS 7,597 9,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,426

9,079

PROVISIONS FOR LIABILITIES 6,000 -
NET ASSETS 27,426 9,079

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 27,326 8,979
SHAREHOLDERS' FUNDS 27,426 9,079

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 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.

POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)

BALANCE SHEET - continued
30 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2025 and were signed by:





M J Hanney - Director


POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Polymer Optics Automotive 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.

The presentation of currency of the financial statements is the Pound Sterling (£), rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Statement of Comprehensive Income in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

Leasehold improvements-5 years straight line
Fixtures and fittings-3 years straight line


Any gains and losses on the disposal of tangible fixed assets are recognised in the Statement of Comprehensive Income in the year that the disposal takes place.

Financial instruments
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset in measured at the present value of the future receipts discounted at a market rate of interest.


POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year/period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments
Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
Improvements fittings Totals
£    £    £   
COST
Additions 22,837 4,252 27,089
At 30 September 2024 22,837 4,252 27,089
DEPRECIATION
Charge for year 1,142 118 1,260
At 30 September 2024 1,142 118 1,260
NET BOOK VALUE
At 30 September 2024 21,695 4,134 25,829

POLYMER OPTICS AUTOMOTIVE LIMITED (REGISTERED NUMBER: 08868151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 352,773 274,897
Other debtors 7,160 -
VAT 19,408 5,768
Prepayments and accrued income 57,927 26,488
437,268 307,153

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 118,960 61,816
Amounts owed to group undertakings 298,597 212,522
Tax 50,680 -
Accruals and deferred income 62,572 51,617
530,809 325,955

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100

9. OTHER FINANCIAL COMMITMENTS

At 30 September 2024, the Company had total commitments under non-cancellable operating leases over the remaining life of the leases of £65,637 (2023: £nil).

10. RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Hanney.