Polyjohn International Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02740200

Polyjohn International Limited

Filleted Financial Statements

31 October 2025

Polyjohn International Limited

Financial Statements

Year ended 31 October 2025

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 6

Polyjohn International Limited

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	54,144	32,438
Investments	6	6,950	6,950
		--------	--------
		61,094	39,388

Current assets

Stocks		1,027,844	1,208,398
Debtors	7	873,767	622,001
Cash at bank and in hand		699,977	985,531
		------------	------------
		2,601,588	2,815,930

Creditors: amounts falling due within one year	8	1,033,274	1,107,326
		------------	------------
Net current assets		1,568,314	1,708,604
		------------	------------
Total assets less current liabilities		1,629,408	1,747,992
		------------	------------
Net assets		1,629,408	1,747,992
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,629,308	1,747,892
	------------	------------
Shareholders funds	1,629,408	1,747,992
	------------	------------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

S. J. Cooper Esq.

Director

Company registration number: 02740200

Polyjohn International Limited

Notes to the Financial Statements

Year ended 31 October 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 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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:

Plant and equipment	-	25% reducing balance
Leasehold improvements	-	Over the term of the lease

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 November 2024	63,564	24,487	88,051
Additions	–	37,857	37,857
	--------	--------	---------
At 31 October 2025	63,564	62,344	125,908
	--------	--------	---------
Depreciation
At 1 November 2024	44,671	10,942	55,613
Charge for the year	4,723	11,428	16,151
	--------	--------	---------
At 31 October 2025	49,394	22,370	71,764
	--------	--------	---------
Carrying amount
At 31 October 2025	14,170	39,974	54,144
	--------	--------	---------
At 31 October 2024	18,893	13,545	32,438
	--------	--------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024	269,374
Disposals	( 208,484)
	---------
At 31 October 2025	60,890
	---------
Impairment
At 1 November 2024	262,424
Disposals	( 208,484)
	---------
At 31 October 2025	53,940
	---------

Carrying amount
At 31 October 2025	6,950
	---------
At 31 October 2024	6,950
	---------

The directors consider £6,950 to be a fair representation of the fair value of all investments held at 31 October 2025.

7. Debtors

	2025	2024
	£	£
Trade debtors	616,121	579,639
Amounts owed by group undertakings and undertakings in which the company has a participating interest	196,719	–
Other debtors	60,927	42,362
	---------	---------
	873,767	622,001
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	92,173	62,283
Amounts owed to group undertakings and undertakings in which the company has a participating interest	865,866	928,570
Corporation tax	3,829	7,251
Social security and other taxes	6,510	21,685
Other creditors	64,896	87,537
	------------	------------
	1,033,274	1,107,326
	------------	------------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	46,000	44,000
Later than 1 year and not later than 5 years	100,000	–
	---------	--------
	146,000	44,000
	---------	--------

10. Summary audit opinion

The auditor's report dated 27 March 2026 was unqualified .

The senior statutory auditor was Mr Richard Jay , for and on behalf of Jay & Jay Partnership Limited .

11. Controlling party

The company's ultimate parent undertaking is PolyJohn Holdings Corporation whose address is 2500 Gaspar Avenue, Whiting, Indiana, USA.