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REGISTERED NUMBER: 03094423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Polarpoint Services Limited

Polarpoint Services Limited (Registered number: 03094423)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Polarpoint Services Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: S Bains
Mrs J Bains





SECRETARY: Mrs J Bains





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 03094423 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Polarpoint Services Limited (Registered number: 03094423)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 16,134 13,300
16,135 13,301

CURRENT ASSETS
Debtors 6 4,924 18,554
Cash at bank 52,892 117,705
57,816 136,259
CREDITORS
Amounts falling due within one year 7 4,738 16,276
NET CURRENT ASSETS 53,078 119,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,213

133,284

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 69,113 133,184
SHAREHOLDERS' FUNDS 69,213 133,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Polarpoint Services Limited (Registered number: 03094423)

Balance Sheet - continued
31 January 2025


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 10 July 2025 and were signed on its behalf by:





S Bains - Director


Polarpoint Services Limited (Registered number: 03094423)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Polarpoint Services Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 25 Manor Road, Wheathampstead, Herts AL4 8JG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents the fair value of invoiced sales of services, excluding value added tax, having regard to the fulfilment of contractual obligations.

Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years..

Tangible fixed assets
Tangible fixed assets under the the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures and fittings - 15% reducing balance basis
Computer equipment - 18% reducing balance basis

The assets' residual value, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change sine the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the income statement.


Polarpoint Services Limited (Registered number: 03094423)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Pensions
The company is operating defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Polarpoint Services Limited (Registered number: 03094423)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 February 2024
and 31 January 2025 8,613
AMORTISATION
At 1 February 2024
and 31 January 2025 8,612
NET BOOK VALUE
At 31 January 2025 1
At 31 January 2024 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2024 5,532 52,014 57,546
Additions - 6,367 6,367
At 31 January 2025 5,532 58,381 63,913
DEPRECIATION
At 1 February 2024 5,286 38,960 44,246
Charge for year 37 3,496 3,533
At 31 January 2025 5,323 42,456 47,779
NET BOOK VALUE
At 31 January 2025 209 15,925 16,134
At 31 January 2024 246 13,054 13,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors - 8,098
Other debtors 2,278 991
Prepayments and accrued income 2,646 9,465
4,924 18,554

Polarpoint Services Limited (Registered number: 03094423)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Tax - 8,020
Social security and other taxes 3,228 4,698
Other creditors - 1,911
Accruals and deferred income 1,510 1,647
4,738 16,276

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary Shares £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
S Bains
Balance outstanding at start of year 991 -
Amounts advanced 1,287 991
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,278 991