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Polylabs Llp
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Notes to the financial statements
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for the period ended 31 August 2026
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1
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General information
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Polylabs Llp is a limited liability partnership registered in England and Wales. Its registered number is OC457654. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships and the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The financial statements have been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the members have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the LLP’s ability to continue as a going concern. In making this assessment, the members take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
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The members consider that the LLP has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Tangible fixed assets
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
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Plant and machinery etc.:
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Computer Equipment
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-
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33% straight line
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Members' transactions with the LLP
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Under the arrangement between the members, the profits and losses of the LLP are allocated wholly to P Caillat. ZAAP Group Ltd has no entitlement to the profits or losses of the LLP. Profits are credited to P Caillat’s current account and drawings are debited to that account. Drawings are made having regard to the cash and working capital requirements of the LLP. Amounts introduced by members are credited to their current accounts unless formally designated as capital. Capital contributions may only be repaid with the agreement of all members.
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3
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Average number of employees
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During the period the average number of employees was Nil.
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3
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