REGISTERED NUMBER: 05760765 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

POLAR EVENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Williams

T Williams

SECRETARY:

T Williams

REGISTERED OFFICE:

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

REGISTERED NUMBER:

05760765 (England and Wales)

ACCOUNTANTS:

Baker Noel

Chartered Accountants

Cheribourne House

45a Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Tangible assets

4

129,468

151,382

CURRENT ASSETS

Stocks

42,368

91,865

Debtors

5

66,479

233,308

Investments

6

72,000

127,000

Cash at bank and in hand

1,041,292

709,337

1,222,139

1,161,510

CREDITORS

Amounts falling due within one year

7

1,036,025

573,540

NET CURRENT ASSETS

186,114

587,970

TOTAL ASSETS LESS CURRENT LIABILITIES

315,582

739,352

CREDITORS

Amounts falling due after more than one year

8

(33,884

)

(78,399

)

PROVISIONS FOR LIABILITIES

(32,367

)

(37,846

)

NET ASSETS

249,331

623,107

CAPITAL AND RESERVES

Called up share capital

9

101

100

Retained earnings

249,230

623,007

SHAREHOLDERS' FUNDS

249,331

623,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:

B J Williams - Director

1.	STATUTORY INFORMATION

Polar Events Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost and 20% on cost

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

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss and a corresponding asset or liability is shown on the balance sheet.

Taxation

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

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.

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 143 (2024 - 141 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

336,096

34,959

29,408

400,463

Additions

27,021

-

5,437

32,458

At 31 May 2025

363,117

34,959

34,845

432,921

DEPRECIATION

At 1 June 2024

221,415

11,944

15,722

249,081

Charge for year

40,127

5,871

8,374

54,372

At 31 May 2025

261,542

17,815

24,096

303,453

NET BOOK VALUE

At 31 May 2025

101,575

17,144

10,749

129,468

At 31 May 2024

114,681

23,015

13,686

151,382

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

16,844

9,293

Other debtors

49,635

224,015

66,479

233,308

Within the figure for 'other debtors' in the 2024 comparatives were loans totalling £136,914. These loans were fully repaid during the year ending 31st May 2025.

6.	CURRENT ASSET INVESTMENTS

31.5.25

31.5.24

£

£

Listed investments

72,000

127,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

41,818

41,804

Hire purchase contracts

2,662

2,662

Trade creditors

142,448

178,218

Taxation and social security

210,519

143,728

Other creditors

638,578

207,128

1,036,025

573,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

20,940

62,793

Hire purchase contracts

12,944

15,606

33,884

78,399

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

100

Ordinary

£1

100

100

100

A Ordinary

£0.01

1

-

101

100

100 A Ordinary shares of £0.01 each were allotted and fully paid for cash at par during the year.

10.	RELATED PARTY DISCLOSURES

At the year end £512,829 (2024: £153,760) was due to the directors.