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REGISTERED NUMBER: 01944818 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Polydon Industries Limited

Polydon Industries Limited (Registered number: 01944818)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Polydon Industries Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: H Howard
S J Crich





SECRETARY: H Howard





REGISTERED OFFICE: C/O Polydon Industries
Polydon Park
Radiance Road
Doncaster
South Yorkshire
DN1 2TE





REGISTERED NUMBER: 01944818 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Polydon Industries Limited (Registered number: 01944818)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 100,396 25,329

CURRENT ASSETS
Inventories 26,761 25,604
Debtors 5 80,313 130,102
Cash at bank and in hand 575,294 768,227
682,368 923,933
CREDITORS
Amounts falling due within one year 6 548,603 540,841
NET CURRENT ASSETS 133,765 383,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,161

408,421

CAPITAL AND RESERVES
Called up share capital 7 270,000 270,000
Retained earnings (35,839 ) 138,421
SHAREHOLDERS' FUNDS 234,161 408,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

Polydon Industries Limited (Registered number: 01944818)

Statement of Financial Position - continued
31 October 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 Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:





H Howard - Director


Polydon Industries Limited (Registered number: 01944818)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Polydon Industries 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Polydon Industries Limited (Registered number: 01944818)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme in respect of the directors. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company. Other pension costs are in respect of an employee defined contribution scheme. The charge represents contributions in the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 35,117 71,153 1,658 107,928
Additions 78,463 - 3,394 81,857
Disposals - (19,935 ) - (19,935 )
At 31 October 2024 113,580 51,218 5,052 169,850
DEPRECIATION
At 1 November 2023 14,047 68,440 112 82,599
Charge for year 5,460 651 499 6,610
Eliminated on disposal - (19,755 ) - (19,755 )
At 31 October 2024 19,507 49,336 611 69,454
NET BOOK VALUE
At 31 October 2024 94,073 1,882 4,441 100,396
At 31 October 2023 21,070 2,713 1,546 25,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,714 118,775
Other debtors 11,599 11,327
80,313 130,102

Polydon Industries Limited (Registered number: 01944818)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 216,408 175,405
Taxation and social security 14,532 42,816
Other creditors 317,663 322,620
548,603 540,841

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
270,000 Ordinary Shares £1 270,000 270,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
H Howard
Balance outstanding at start of year (1,221 ) -
Amounts advanced 2,033 1,126
Amounts repaid (812 ) (2,347 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (1,221 )

S J Crich
Balance outstanding at start of year 219 -
Amounts advanced 1,609 1,531
Amounts repaid (1,828 ) (1,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 219

9. ULTIMATE CONTROLLING PARTY

The directors together with their immediate family control 100% of the share capital in the ultimate parent company Polydon Industrial Holdings Limited and therefore are in control of the company.