Polypot Creels Limited - Filleted accounts

Registered number

05432188

Polypot Creels Limited

Unaudited Filleted Accounts

31 March 2025

Polypot Creels Limited
Registered number:		05432188
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		197			387

Current assets
Stocks		-			120
Debtors	4	14,542			1,169
Cash at bank and in hand		51,799			43,393
		66,341			44,682

Creditors: amounts falling due within one year	5	(20,647)			(16,741)

Net current assets			45,694			27,941

Total assets less current liabilities			45,891			28,328


Provisions for liabilities			(49)			(74)


Net assets			45,842			28,254

Capital and reserves
Called up share capital			100			100
Profit and loss account			45,742			28,154

Shareholders' funds			45,842			28,254

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr S Church
Director
Approved by the board on 27 November 2025

Polypot Creels Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents net invoiced sales of goods, net of discount and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	5% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				33,856
	At 31 March 2025				33,856

	Depreciation
	At 1 April 2024				33,469
	Charge for the year				190
	At 31 March 2025				33,659

	Net book value
	At 31 March 2025				197
	At 31 March 2024				387


4	Debtors		2025		2024
£				£

	Trade debtors		13,293		921
	Other debtors		1,249		248
			14,542		1,169


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		4,478		-
	Taxation and social security costs		8,731		7,090
	Other creditors		7,438		9,651
			20,647		16,741


6	Other information

	Polypot Creels Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	29 Mochdre Industrial Estate
	Newtown
	Powys
	SY16 4LE