0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2025 - FRS102_2025 2,062 573 223 796 1,266 1,489 xbrli:pure xbrli:shares iso4217:GBP 14041485 2024-05-01 2025-04-30 14041485 2025-04-30 14041485 2024-04-30 14041485 2023-05-01 2024-04-30 14041485 2024-04-30 14041485 2023-04-30 14041485 bus:Director1 2024-05-01 2025-04-30 14041485 core:WithinOneYear 2025-04-30 14041485 core:WithinOneYear 2024-04-30 14041485 core:ShareCapital 2025-04-30 14041485 core:ShareCapital 2024-04-30 14041485 core:RetainedEarningsAccumulatedLosses 2025-04-30 14041485 core:RetainedEarningsAccumulatedLosses 2024-04-30 14041485 bus:SmallEntities 2024-05-01 2025-04-30 14041485 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 14041485 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 14041485 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 14041485 bus:FullAccounts 2024-05-01 2025-04-30 14041485 core:ComputerEquipment 2024-05-01 2025-04-30 14041485 core:ComputerEquipment 2025-04-30 14041485 core:ComputerEquipment 2024-04-30
COMPANY REGISTRATION NUMBER: 14041485

Polymetis Professional Solutions Ltd

Filleted Unaudited Financial Statements

30 April 2025

Polymetis Professional Solutions Ltd

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | 1,266 | 1,489

Current assets

Debtors | 5 | 7,258 | 6,425
Cash at bank and in hand | 3,142 | 7,831
| -------- | --------
| 10,400 | 14,256

Creditors: amounts falling due within one year | 6 | 23,372 | 19,802
| -------- | --------
Net current liabilities | 12,972 | 5,546
| -------- | -------
Total assets less current liabilities | ( 11,706) | ( 4,057)
| -------- | -------
Net liabilities | ( 11,706) | ( 4,057)
| -------- | -------

Capital and reserves

Called up share capital | 1 | 1
Profit and loss account | ( 11,707) | ( 4,058)
| -------- | -------
Shareholders deficit | ( 11,706) | ( 4,057)
| -------- | -------

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.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Polymetis Professional Solutions Ltd

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 26 January 2026 , and are signed on behalf of the board by:

Mr A Skipper |
Director |

Company registration number: 14041485

Polymetis Professional Solutions Ltd

Notes to the Financial Statements

Year ended 30 April 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 40 Kimbolton Road, Bedford, MK40 2NR.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Equipment | - | 15% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets

| Equipment
| £
Cost |
At 1 May 2024 and 30 April 2025 | 2,062
| -------
Depreciation |
At 1 May 2024 | 573
Charge for the year | 223
| -------
At 30 April 2025 | 796
| -------
Carrying amount |
At 30 April 2025 | 1,266
| -------
At 30 April 2024 | 1,489
| -------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 6,358 | 5,400
Other debtors | 900 | 1,025
| ------- | -------
| 7,258 | 6,425
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 248 | 675
Social security and other taxes | 985 | 728
Other creditors | 22,139 | 18,399
| -------- | --------
| 23,372 | 19,802
| -------- | --------