REGISTERED NUMBER: 02461161 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Polyflon Technology Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

409,146

250,495

Investment property

5

185,000

185,000

594,146

435,495

CURRENT ASSETS

Stocks

718,992

838,334

Debtors

6

762,111

775,830

Investments

7

263,718

250,893

Cash at bank

919,042

1,078,115

2,663,863

2,943,172

CREDITORS

Amounts falling due within one year

8

323,597

288,906

NET CURRENT ASSETS

2,340,266

2,654,266

TOTAL ASSETS LESS CURRENT LIABILITIES

2,934,412

3,089,761

PROVISIONS FOR LIABILITIES

122,446

68,540

NET ASSETS

2,811,966

3,021,221

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

9

102,430

107,853

Retained earnings

2,709,436

2,913,268

SHAREHOLDERS' FUNDS

2,811,966

3,021,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr F W Pedley - Director

Mr M Pedley - Director

Ms C Wright - Director

1.	STATUTORY INFORMATION

Polyflon Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02461161

Registered office:

Unit 16 Raleigh Hall Industrial Estate

Eccleshall

Stafford

ST21 6JL

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

Straight line over 3 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investment property

Investment properties are revalued annually, by the directors unless stated otherwise, on a Fair Value basis, except where the revaluation is not considered to be material to the financial statements, and the aggregate surplus or deficit is transferred to a non-distributable profit and loss reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Investments included in Current Assets are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit and loss within the non-distributable profit and loss reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 transaction. Exchange 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 straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Office

to

Plant and

equipment

property

machinery

£

£

£

COST

At 1 April 2024

18,555

5,334

440,593

Additions

-

-

190,428

Disposals

-

-

-

At 31 March 2025

18,555

5,334

631,021

DEPRECIATION

At 1 April 2024

18,443

5,334

257,401

Charge for year

112

-

15,105

Eliminated on disposal

-

-

-

At 31 March 2025

18,555

5,334

272,506

NET BOOK VALUE

At 31 March 2025

-

-

358,515

At 31 March 2024

112

-

183,192

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

141,015

43,990

53,007

702,494

Additions

825

-

300

191,553

Disposals

-

-

(125

)

(125

)

At 31 March 2025

141,840

43,990

53,182

893,922

DEPRECIATION

At 1 April 2024

114,794

5,500

50,527

451,999

Charge for year

6,690

9,620

1,375

32,902

Eliminated on disposal

-

-

(125

)

(125

)

At 31 March 2025

121,484

15,120

51,777

484,776

NET BOOK VALUE

At 31 March 2025

20,356

28,870

1,405

409,146

At 31 March 2024

26,221

38,490

2,480

250,495

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

185,000

NET BOOK VALUE

At 31 March 2025

185,000

At 31 March 2024

185,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2005

10,038

Valuation in 2007

10,000

Valuation in 2016

(15,000

)

Valuation in 2018

15,000

Valuation in 2024

25,000

Cost

139,962

185,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

139,962

139,962

Investment property was valued on an open market basis on 31 March 2024 by Tinsley Garner Limited .

It is the opinion of the Directors that the fair value as at 31st March 2025 has not materially changed since the previous valuation.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

442,280

346,674

Amounts owed by group undertakings

246,234

-

Amounts recoverable on contract

24,694

22,061

Other debtors

48,903

407,095

762,111

775,830

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

263,718

250,893

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

77,640

89,296

Taxation and social security

101,850

178,398

Other creditors

144,107

21,212

323,597

288,906

9.

RESERVES

Non-distributabl

reserve

£

At 1 April 2024

107,853

Managed funds

(5,423

)

At 31 March 2025

102,430

The non-distributable reserve is made up of revaluations of investment property of £33,778 and revaluations of current asset investments of £68,651 with both amounts being net of provisions for deferred tax.

10.	OTHER FINANCIAL COMMITMENTS

The company had a commitments under a non cancellable operating lease at 31st March 2025 amounting to £178,600. This commitment represents the total amount of payments due on the lease ending in February 2029.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Ms J J Pedley

Balance outstanding at start of year

87,342

91,363

Amounts advanced

-

5,179

Amounts repaid

-

(9,200

)

Amounts written off

(87,342

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

87,342

Mr M Pedley

Balance outstanding at start of year

94,498

47,469

Amounts advanced

-

117,932

Amounts repaid

-

(70,903

)

Amounts written off

(94,498

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

94,498

Ms C Wright

Balance outstanding at start of year

142,435

21,164

Amounts advanced

-

191,831

Amounts repaid

-

(70,560

)

Amounts written off

(142,435

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

142,435

Mr F W Pedley

Balance outstanding at start of year

15,439

-

Amounts advanced

-

39,359

Amounts repaid

-

(23,920

)

Amounts written off

(15,439

)

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,439

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Polyflon Holdings Ltd by virtue of 100% of the voting share capital