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Registration number: 02619902

Polaris Elements Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Polaris Elements Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Polaris Elements Limited

Company Information

Directors | Mrs B D Stevens Mr N Westwater Mrs A Bushell Mrs J C Westwater

Registered office | The Coach House Ryeford Road Stonehouse Gloucestershire GL10 3HG

Accountants | Harbour Key Limited Midway House Herrick Way Staverton Cheltenham GL51 6TQ

Polaris Elements Limited

(Registration number: 02619902)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 10,588 | 14,717
Debtors | 6 | - | 1,609
|  | 10,588 | 16,326
Current assets |  |  |
Stocks |  | 7,835 | 33,572
Debtors | 6 | 383,456 | 268,464
Cash at bank and in hand |  | 677,974 | 678,316
|  | 1,069,265 | 980,352
Creditors: Amounts falling due within one year | 7 | (490,789) | (531,381)
Net current assets |  | 578,476 | 448,971
Total assets less current liabilities |  | 589,064 | 465,297
Provisions for liabilities |  | (2,306) | (3,230)
Net assets |  | 586,758 | 462,067
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 585,758 | 461,067
Shareholders' funds |  | 586,758 | 462,067

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Polaris Elements Limited

(Registration number: 02619902)
Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 8 April 2026 and signed on its behalf by:

......................................... Mrs B D Stevens Director
......................................... Mr N Westwater Director
......................................... Mrs A Bushell Director
......................................... Mrs J C Westwater Director

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Coach House
Ryeford Road
Stonehouse
Gloucestershire
GL10 3HG

These financial statements were authorised for issue by the Board on 8 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures & fittings | 15% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 33% straight line

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Development costs

Research costs are expensed in the period in which they are incurred.
Development costs are expensed in the period in which they are incurred, unless they meet the criteria of internally generated intangible assets. Development costs which have met the criteria of internally generated intangible assets have been capitalised and are amortised to the profit and loss account. Amortisation starts when the assets are available for use and is applied over their estimated useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Asset class | Amortisation method and rate
Intellectual property rights | 50% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 27).

4 | Intangible assets

| Intellectual property rights £ | Total £
Cost or valuation
At 1 August 2024 | 17,500 | 17,500
At 31 July 2025 | 17,500 | 17,500
Amortisation
At 1 August 2024 | 17,500 | 17,500
At 31 July 2025 | 17,500 | 17,500
Carrying amount
At 31 July 2025 | - | -
At 31 July 2024 | - | -

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5 | Tangible assets

| Computer equipment £ | Motor vehicles £ | Fixtures and fittings £ | Total £
Cost or valuation
At 1 August 2024 | 38,789 | 18,740 | 30,508 | 88,037
Additions | 1,942 | - | - | 1,942
Disposals | (1,683) | - | - | (1,683)
At 31 July 2025 | 39,048 | 18,740 | 30,508 | 88,296
Depreciation
At 1 August 2024 | 32,859 | 14,293 | 26,168 | 73,320
Charge for the year | 4,308 | 1,112 | 651 | 6,071
Eliminated on disposal | (1,683) | - | - | (1,683)
At 31 July 2025 | 35,484 | 15,405 | 26,819 | 77,708
Carrying amount
At 31 July 2025 | 3,564 | 3,335 | 3,689 | 10,588
At 31 July 2024 | 5,930 | 4,447 | 4,340 | 14,717

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 292,265 | 223,757
Prepayments |  | 36,122 | 12,469
Other debtors | 8 | 55,069 | 32,238
|  | 383,456 | 268,464

Non-current | 2025 £ | 2024 £
Other debtors | - | 1,609
| - | 1,609

Details of non-current trade and other debtors

£Nil (2024 -£1,609) of cycle scheme loan is classified as non current.

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 105,986 | 111,505
Taxation and social security |  | 113,740 | 100,432
Other creditors | 8 | 271,063 | 319,444
|  | 490,789 | 531,381

8 | Related party transactions

Transactions with directors

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
No repayment terms or interest charged | (8,610) | 13,000 | 4,390

Transactions with directors

At the balance sheet date, the company owed the directors £nil (2024: £30,060). The loans were interest free and repayable on demand.

Polaris Elements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Summary of transactions with other related parties

During the year, the following transactions occurred with Petticoat Management Team Limited, a company connected by virtue of common ownership until 26 March 2025:-
Total sales were made of £800 (2024: £5,730) through the period.
Total purchases were made of £67,611 (2024: £66,373) through the period with £10,863 (2024: £16,225) outstanding at the balance sheet date.
At the balance sheet date, the company was owed £32,000 (2024: £32,000) from and owed £420 (2024: £29,376) to other companies which have a common director.