REGISTERED NUMBER: 11255561 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

THE POLYGON LOFT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S G L Jordan

SECRETARY:

K E Devenish

REGISTERED OFFICE:

The Polygon Loft

Henleaze House Business Centre

13 Harbury Road

Henleaze

BRISTOL

BS9 4PN

REGISTERED NUMBER:

11255561 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

2,078

4,099

CURRENT ASSETS

Debtors

5

12,244

37,399

Cash at bank

8

115

12,252

37,514

CREDITORS

Amounts falling due within one year

6

(174,555

)

(142,492

)

NET CURRENT LIABILITIES

(162,303

)

(104,978

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(160,225

)

(100,879

)

CREDITORS

Amounts falling due after more than one year

7

(59,170

)

(76,134

)

NET LIABILITIES

(219,395

)

(177,013

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(219,396

)

(177,014

)

SHAREHOLDERS' FUNDS

(219,395

)

(177,013

)

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 director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

S G L Jordan - Director

1.	STATUTORY INFORMATION

The Polygon Loft 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.

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 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.

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.

Going concern policy

The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

358

7,725

8,083

DEPRECIATION

At 1 April 2024

82

3,902

3,984

Charge for year

90

1,931

2,021

At 31 March 2025

172

5,833

6,005

NET BOOK VALUE

At 31 March 2025

186

1,892

2,078

At 31 March 2024

276

3,823

4,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,664

11,304

Other debtors

9,580

26,095

12,244

37,399

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,912

35,935

Trade creditors

1,809

3,801

Taxation and social security

112,947

76,238

Other creditors

18,887

26,518

174,555

142,492

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

59,170

76,134

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Share capital

1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

S G L Jordan

Balance outstanding at start of year

7,310

15,152

Amounts advanced

4,100

6,945

Amounts repaid

(6,376

)

(14,787

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,034

7,310

Interest has been charged at the HMRC official rate of 2.25% per annum on all balances exceeding £10,000.