POLYMASTER (U.K.) LTD.

Company Registration Number:
03281624 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

POLYMASTER (U.K.) LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

POLYMASTER (U.K.) LTD.

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 110,000 132,000
Tangible assets: 4 115,911 137,461
Total fixed assets: 225,911 269,461
Current assets
Stocks: 256,151 301,432
Debtors:   72,418 96,743
Cash at bank and in hand: 24 10,648
Total current assets: 328,593 408,823
Creditors: amounts falling due within one year:   (190,516) (225,563)
Net current assets (liabilities): 138,077 183,260
Total assets less current liabilities: 363,988 452,721
Creditors: amounts falling due after more than one year:   (4,813) (14,951)
Total net assets (liabilities): 359,175 437,770
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 5,000 5,000
Revaluation reserve:526,70926,709
Profit and loss account: 227,466 306,061
Shareholders funds: 359,175 437,770

The notes form part of these financial statements

POLYMASTER (U.K.) LTD.

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 September 2025
and signed on behalf of the board by:

Name: C D HELLIWELL
Status: Director

The notes form part of these financial statements

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 9 11

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 220,000
At 31 December 2024 220,000
Amortisation
At 01 January 2024 88,000
Charge for year 22,000
At 31 December 2024 110,000
Net book value
At 31 December 2024 110,000
At 31 December 2023 132,000

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 285,407
Additions 1,379
Disposals (32,270)
At 31 December 2024 254,516
Depreciation
At 01 January 2024 147,946
Charge for year 22,929
On disposals (32,270)
At 31 December 2024 138,605
Net book value
At 31 December 2024 115,911
At 31 December 2023 137,461

POLYMASTER (U.K.) LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Revaluation reserve

2024
£
Balance at 01 January 2024 26,709
Surplus or deficit after revaluation 0
Balance at 31 December 2024 26,709