Polysteel (UK) Ltd 31/07/2019 iXBRL

Polysteel (UK) Ltd 31/07/2019 iXBRL

POLYSTEEL (UK) LIMITED - Company Information

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Company registration number: 05350360
Polysteel (UK) Ltd
Unaudited filleted financial statements
31 July 2019
Paish Tooth Limited
35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
Polysteel (UK) Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Polysteel (UK) Ltd
Directors and other information
Directors P M Boyce
C M Magee
J G Magee
Secretary J G Magee
Company number 05350360
Registered office 35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
Accountants Paish Tooth Limited
35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
Polysteel (UK) Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Polysteel (UK) Ltd
Year ended 31 July 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Polysteel (UK) Ltd for the year ended 31 July 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Polysteel (UK) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Polysteel (UK) Ltd and state those matters that we have agreed to state to the board of directors of Polysteel (UK) Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Polysteel (UK) Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Polysteel (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Polysteel (UK) Ltd. You consider that Polysteel (UK) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Polysteel (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paish Tooth Limited
Chartered Certified Accountants
35 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
Polysteel (UK) Ltd
Statement of financial position
31 July 2019
2019 2018
£ £ £ £
Fixed assets 16,278 19,173
_______ _______
Current assets 95,069 107,888
Prepayments and accrued income 28,028 25,047
_______ _______
123,097 132,935
Creditors: amounts falling due within one year ( 61,233) ( 96,273)
_______ _______
Net current assets 61,864 36,662
_______ _______
Total assets less current liabilities 78,142 55,835
Creditors: amounts falling due after more than one year ( 899,542) ( 899,542)
Accruals and deferred income ( 18,046) ( 17,996)
________ ________
Net liabilities ( 839,446) ( 861,703)
________ ________
Capital and reserves ( 839,446) ( 861,703)
________ ________
Notes to the financial statements
Polysteel (UK) Ltd
Year ended 31 July 2019
1. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019
Advances /(credits) to the directors Amounts repaid
£ £
P M Boyce - -
_______ _______
2018
Advances /(credits) to the directors Amounts repaid
£ £
P M Boyce 39,962 39,962
_______ _______
The above loan is interest free and repayable on demand.
For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 29 April 2020 , and are signed on behalf of the board by:
P M Boyce J G Magee
Director Director
Company registration number: 05350360
The company is a private company limited by shares, registered in England and Wales.