Company Registration No. SC721597 (Scotland)
Polymagnet Limited
Unaudited accounts
for the year ended 31 January 2025
Polymagnet Limited
Unaudited accounts
Contents
Polymagnet Limited
Company Information
for the year ended 31 January 2025
Directors
HART, Paul Mark
MACLEOD, Lynette Victoria
Company Number
SC721597 (Scotland)
Registered Office
3/2, 75 Clarkston Road
Glasgow
G44 3BQ
United Kingdom
Polymagnet Limited
Statement of financial position
as at 31 January 2025
Cash at bank and in hand
14,709
17,126
Creditors: amounts falling due within one year
(418)
(2,716)
Net current assets
14,291
14,410
Called up share capital
1
1
Profit and loss account
14,290
14,409
Shareholders' funds
14,291
14,410
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
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 of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
HART, Paul Mark
Director
Company Registration No. SC721597
Polymagnet Limited
Notes to the Accounts
for the year ended 31 January 2025
Polymagnet Limited is a private company, limited by shares, registered in Scotland, registration number SC721597. The registered office is 3/2, 75 Clarkston Road, Glasgow, G44 3BQ, United Kingdom.
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.
4
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
1,996
Loans from directors
312
312
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).