| Registered Number:NI643075 |
For the year ended 31 January 2025
Northern Ireland
Unaudited Financial Statements
For the year ended 31 January 2025
Polymer Resource Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Polymer Resource Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
384,534
300,868
3
384,534
300,868
6,798
7,521
4
| Trade and other receivables |
631,615
582,308
5
152,171
| Cash and cash equivalents |
24,820
614,649
790,584
| Trade and other payables: amounts falling due within one |
| year |
(539,892)
(601,247)
6
250,692
13,402
Net current assets
| Total assets less current liabilities |
397,936
551,560
| Trade and other payables: amounts falling due after more |
| than one year |
(14,196)
(4,088)
7
(60,739)
(42,137)
| Provisions for liabilities |
333,109
Net assets
495,227
100
100
333,009
495,127
333,109
495,227
Shareholders' funds
| For the year ended 31 January 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 30 October 2025 and were signed by: |
1 of 5
For the year ended 31 January 2025
Polymer Resource Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 January 2025
Polymer Resource Limited
Notes to the Financial Statements
Statutory Information
| Polymer Resource Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI643075. |
Unit 6 Armagh Business Park
Hamiltonsbawn Road
Armagh
Armagh
BT60 1HW
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
For the year ended 31 January 2025
Polymer Resource Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
25,000
25,000
25,000
25,000
-
-
| 3. Property, plant and equipment |
588,532
138,600
727,132
| Provision for depreciation and impairment |
287,664
Charge for year
54,934
342,598
384,534
300,868
2024
2025
7,521
6,798
4 of 5
For the year ended 31 January 2025
Polymer Resource Limited
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2024
2025
2,164
42,200
| Amounts owed by group undertakings and participating interests |
539,356
564,985
40,788
24,430
631,615
582,308
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
10,648
10,648
175,078
69,287
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
397,362
416,991
| Taxation and social security |
1,080
30,347
17,079
12,619
601,247
539,892
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
4,088
14,196
| 8. Average number of persons employed |
During the year the average number of employees was 13 (2024 : 15)
5 of 5