Polyaire Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02780551

POLYAIRE LIMITED

FILLETED FINANCIAL STATEMENTS

30 June 2025

POLYAIRE LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		5,697		3,727

CURRENT ASSETS

Stocks		349,254	348,495
Debtors	6	412,140	423,060
Cash at bank and in hand		146,346	130,272
		---------	---------
		907,740	901,827

CREDITORS: amounts falling due within one year	7	312,478		471,908
		---------		---------
NET CURRENT ASSETS			595,262		429,919
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			600,959		433,646
			---------		---------
NET ASSETS			600,959		433,646
			---------		---------

CAPITAL AND RESERVES

Called up share capital fully paid	2	2
Profit and loss account	600,957	433,644
	---------	---------
SHAREHOLDERS FUNDS	600,959	433,646
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

Mr A N Nordin

Director

Company registration number: 02780551

POLYAIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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 of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property Improvements	-	25% reducing balance
Plant and Machinery	-	25% straight line
Fixtures and Fittings	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. TANGIBLE ASSETS

	Freehold property improvements	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 July 2024	2,000	1,156	15,222	18,378
Additions	3,679	–	–	3,679
	-------	-------	--------	--------
At 30 June 2025	5,679	1,156	15,222	22,057
	-------	-------	--------	--------
Depreciation
At 1 July 2024	167	1,156	13,328	14,651
Charge for the year	765	–	944	1,709
	-------	-------	--------	--------
At 30 June 2025	932	1,156	14,272	16,360
	-------	-------	--------	--------
Carrying amount
At 30 June 2025	4,747	–	950	5,697
	-------	-------	--------	--------
At 30 June 2024	1,833	–	1,894	3,727
	-------	-------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	378,271	380,660
Other debtors	33,869	42,400
	---------	---------
	412,140	423,060
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	137,824	73,260
Amounts owed to group undertakings and undertakings in which the company has a participating interest	45,104	269,964
Corporation tax	55,586	65,559
Social security and other taxes	56,704	54,125
Other creditors	17,260	9,000
	---------	---------
	312,478	471,908
	---------	---------

8. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	54,120	54,120
Later than 1 year and not later than 5 years	204,000	207,120
Later than 5 years	76,500	127,500
	---------	---------
	334,620	388,740
	---------	---------

9. SUMMARY AUDIT OPINION

The auditor's report dated 28 October 2025 was unqualified .

The senior statutory auditor was Douglas Parker FCA , for and on behalf of Meadows & Co Limited .

10. RELATED PARTY TRANSACTIONS

The company has participated in transactions with related parties and has exercised the exemption allowed under Section 1A of FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group. There are no other related party transactions.

11. PARENT COMPANY

The parent undertaking of the smallest group that prepares consolidated accounts which includes the results of Polyaire Limited is Orientsky Sdn BHD , a company incorporated in Malaysia, whose registered office is No 24 (Ground Floor), Lorong 6E/91, Taman Shamelin Perkasa, Cheras, 56100 Kuala Lumpur, W.P. Kuala Lumpur.