Company Registration No. 09648517 (England and Wales)
(UK) POL-TAX LIMITED
Unaudited accounts
for the year ended 30 June 2025
(UK) POL-TAX LIMITED
Unaudited accounts
Contents
(UK) POL-TAX LIMITED
Company Information
for the year ended 30 June 2025
Director
Tadeusz Pietraszko
Company Number
09648517 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
England
Accountants
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
(UK) POL-TAX LIMITED
Accountants' report
Accountants' report to the director of (UK) POL-TAX LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
(UK) POL-TAX LIMITED for the year ended
30 June 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of (UK) POL-TAX LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of (UK) POL-TAX LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than (UK) POL-TAX LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that (UK) POL-TAX LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of (UK) POL-TAX LIMITED. You consider that (UK) POL-TAX LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of (UK) POL-TAX LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
22 July 2025
(UK) POL-TAX LIMITED
Statement of financial position
as at 30 June 2025
Called up share capital not paid
-
100
Tangible assets
4,767
5,958
Cash at bank and in hand
3,655
7,038
Net current assets
3,655
7,038
Total assets less current liabilities
8,422
13,096
Creditors: amounts falling due after more than one year
(56,505)
(78,221)
Net liabilities
(48,083)
(65,125)
Called up share capital
100
100
Profit and loss account
(48,183)
(65,225)
Shareholders' funds
(48,083)
(65,125)
For the year ending 30 June 2025 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 director acknowledges his 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 and authorised for issue on 25 July 2025 and were signed on its behalf by
Tadeusz Pietraszko
Director
Company Registration No. 09648517
(UK) POL-TAX LIMITED
Notes to the Accounts
for the year ended 30 June 2025
(UK) POL-TAX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09648517. The registered office is 7 Bell Yard, London, WC2A 2JR, England.
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 fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged to write off the cost of tangible fixed assets over their estimated useful lives using the straight-line method as follows:
Prior Year Adjustment – Correction of Depreciation Error
In preparing the current year financial statements, the director identified that computer equipment acquired in previous financial years had not been depreciated in accordance with the company’s accounting policy under FRS 102.
The omission was due to a clerical oversight and has been corrected in the current period. As a result, a prior year adjustment has been made in accordance with FRS 102 Section 10 – Accounting Policies, Estimates and Errors.
The cumulative depreciation of £1,192, which should have been recognised in prior periods, has now been charged to the profit and loss account, and the comparative figures have been restated accordingly.
Impact of the correction:
Opening retained earnings: decreased by £1,192
Net book value of tangible fixed assets: decreased by £1,192
Profit or loss for the current year: no impact (adjustment relates to prior periods)
There is no effect on the company’s cash position or tax liabilities in either the current or prior periods.
(UK) POL-TAX LIMITED
Notes to the Accounts
for the year ended 30 June 2025
Prior Year Adjustment – Reclassification of Trade Creditor Balance
In reviewing the financial statements for the year ended 30 June 2025, the director identified that a trade creditor balance of £78,222 had been incorrectly classified as a capital redemption reserve in previous years.
This classification was incorrect, as the amount relates to a long-term trade payable and not to any transaction involving the redemption of share capital. Accordingly, the balance has now been reclassified to “Trade creditors due after more than one year” in both the current and comparative periods.
Impact of the correction:
Removal of £78,222 from capital reserves (comparative figures restated to £nil)
Recognition of £78,222 in long-term creditors in comparative and current year
No impact on profit and loss or cash
This correction has been made in accordance with FRS 102, Section 10 – Accounting Policies, Estimates and Errors.
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
56,505
78,221
6
Average number of employees
During the year the average number of employees was 8 (2024: 8).
(UK) POL-TAX LIMITED
Notes to the Accounts
for the year ended 30 June 2025
7
Reconciliations on adoption of FRS 102
Basis of preparation – Transition from FRS 105 to FRS 102 Section 1A
For the current reporting period, the company has adopted FRS 102 Section 1A (Small Entities Regime) as its applicable financial reporting framework. In previous periods, the financial statements were prepared in accordance with FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime).
The transition has been applied prospectively, and the prior year figures have not been restated. The director considers that adopting FRS 102 Section 1A provides more comprehensive and useful financial information to the company’s stakeholders.
Apart from enhanced disclosures, the transition has not resulted in any significant changes to the company’s financial position. Any necessary adjustments have been recognised in the current period.