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Registered Number: 15460921
England and Wales

 

 

 

POLYMER WORKS LTD



Abridged Accounts
 


Period of accounts

Start date: 02 February 2024

End date: 28 February 2025

Polymer Works Ltd
Contents Page
For the Period 02 February 2024 to 28 February 2025
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
LINCS ACCOUNTANCY LTD
28 February 2025



....................................................

LINCS ACCOUNTANCY LTD
Office 17 Boundary Road Business Centre
Boundary Road
LYTHAM ST. ANNES
FY8 5LT
28 August 2026
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 		 Notes
 		 2025
£
Fixed assets    
Intangible fixed assets 3 2,374 
Tangible fixed assets 4 82,658 
85,032 
Current assets    
Stocks 45,000 
Debtors 599,949 
Cash at bank and in hand 567 
645,516 
Creditors: amount falling due within one year (688,922)
Net current assets (43,406)
 
Total assets less current liabilities 41,626 
Net assets 41,626 
 

Capital and reserves 		   
Called up share capital 100 
Profit and loss account 41,526 
Shareholders' funds 41,626 
 


For the period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 August 2026 and were signed on its behalf by:


-------------------------------
Peter David SENIOR
Director
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General Information
Polymer Works Ltd is a private company, limited by shares, registered in England and Wales, registration number 15460921, registration address Unit 12 Corringham Road Industrial Estate, Grange Road, Gainsborough, DN21 1QB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 25% Reducing Balance
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 9.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 02 February 2024 -    - 
Additions 2,374    2,374 
Disposals -    - 
At 28 February 2025 2,374    2,374 
Amortisation
At 02 February 2024 -    - 
Charge for period -    - 
On disposals -    - 
At 28 February 2025 -    - 
Net book values
At 28 February 2025 2,374    2,374 
At 01 February 2024 -    - 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 02 February 2024 -    -    - 
Additions 108,132    2,079    110,211 
Disposals -    -    - 
At 28 February 2025 108,132    2,079    110,211 
Depreciation
At 02 February 2024 -    -    - 
Charge for period 27,033    520    27,553 
On disposals -    -    - 
At 28 February 2025 27,033    520    27,553 
Net book values
Closing balance as at 28 February 2025 81,099    1,559    82,658 
Opening balance as at 02 February 2024 -    -    - 


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