Polycover Limited - Filleted accounts

Registered number

08692948

Polycover Limited

Unaudited Filleted Accounts

30 September 2025

Polycover Limited
Registered number:		08692948
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1,000			2,000
Tangible assets	4		209,965			224,132
			210,965			226,132

Current assets
Stocks		20,766			19,500
Debtors	5	342,105			266,033
Cash at bank and in hand		215,718			156,847
		578,589			442,380

Creditors: amounts falling due within one year	6	(456,963)			(358,635)

Net current assets			121,626			83,745

Total assets less current liabilities			332,591			309,877

Creditors: amounts falling due after more than one year	7		-			(7,447)

Provisions for liabilities			(49,654)			(52,212)

Net assets			282,937			250,218

Capital and reserves
Called up share capital			103			101
Profit and loss account			282,834			250,117

Shareholders' funds			282,937			250,218

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr K Harrison
Director
Approved by the board on 11 May 2026

Polycover Limited
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	over the lease term, 10 years
	Plant and machinery	25% on written down value
	Fixtures and fittings	25% on written down value
	Computer equipment	25% on written down value
	Motor vehicles	20% on written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			7		6


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 October 2024					10,000
	At 30 September 2025					10,000

	Amortisation
	At 1 October 2024					8,000
	Provided during the year					1,000
	At 30 September 2025					9,000

	Net book value
	At 30 September 2025					1,000
	At 30 September 2024					2,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 October 2024	43,868		496,609		540,477
	Additions	-		52,873		52,873
	At 30 September 2025	43,868		549,482		593,350

	Depreciation
	At 1 October 2024	17,474		298,871		316,345
	Charge for the year	4,387		62,653		67,040
	At 30 September 2025	21,861		361,524		383,385

	Net book value
	At 30 September 2025	22,007		187,958		209,965
	At 30 September 2024	26,394		197,738		224,132


5	Debtors			2025		2024
£					£

	Trade debtors			329,454		253,726
	Other debtors			12,651		12,307
				342,105		266,033


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			7,447		10,000
	Trade creditors			341,888		239,655
	Taxation and social security costs			73,343		58,913
	Other creditors			34,285		50,067
				456,963		358,635


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		7,447


8	Other information

	Polycover Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Hunter House
	Amy Johnson Way
	Blackpool
	Lancs
	FY4 2FJ