Pollman & Loosli Ltd
Pollman & Loosli Ltd
Registered number: 08438220
Unaudited Financial Statements
For The Year Ended
31 March 2020
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Pollman & Loosli Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—6 |
Pollman & Loosli Ltd
Balance Sheet
As at
31 March 2020
Balance Sheet
Registered number:
08438220
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (36,799) | (10,736) | |||
Page 1
Pollman & Loosli Ltd
Balance Sheet (continued)
As at
31 March 2020
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
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The notes on pages 4 to 6 form part of these financial statements.
Page 2
Pollman & Loosli Ltd
Statement of Changes in Equity
For The Year Ended
31 March 2020
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2018 |
|
|
10,186 |
| Loss for the year and total comprehensive income | - |
( |
(11,922) |
| Dividends paid | - | (9,000) | (9,000) |
| As at 31 March 2019 and 1 April 2019 |
|
( |
(10,736) |
| Loss for the year and total comprehensive income | - |
( |
(26,063) |
| As at
|
|
( |
(36,799) |
Page 3
Pollman & Loosli Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Fixtures & Fittings |
|
1.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2019: 2)
Page 4
Pollman & Loosli Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2020
5.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at
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| Additions |
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| As at
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| Depreciation | |||
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |||
| As at
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| As at
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6.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 2,511 | 2,418 | |
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7.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors | 44,172 | 16,955 | |
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8.
Related Party Transactions
Mr C A Pollman
Director and shareholder
During the period the company was charged rent by Mr C A Pollman of £4,427 (2019: £4,427)
Page 5
Pollman & Loosli Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2020
9.
Going Concern
As at the balance sheet date the company had net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.
Page 6