Pozy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03829762 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 September 2021

for

Pozy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

CE Littlewood

AP Sharkey

REGISTERED OFFICE:

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

REGISTERED NUMBER:

03829762 (England and Wales)

ACCOUNTANTS:

Mosley & Co

14 Market Place

Ramsbottom

Bury

Lancashire

BL0 9HT

FIXED ASSETS

Tangible assets

4

2,348

4,961

CURRENT ASSETS

Stocks

2,524

207

Debtors

5

37,853

159,477

Cash at bank

145,370

194,592

185,747

354,276

CREDITORS

Amounts falling due within one year

6

47,461

101,799

NET CURRENT ASSETS

138,286

252,477

TOTAL ASSETS LESS CURRENT LIABILITIES

140,634

257,438

CREDITORS

Amounts falling due after more than one year

7

19,167

50,000

NET ASSETS

121,467

207,438

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

121,465

207,436

SHAREHOLDERS' FUNDS

121,467

207,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2022 and were signed on its behalf by:

CE Littlewood - Director

1.	STATUTORY INFORMATION

Pozy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

50% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2020

23,397

13,303

36,700

Additions

-

121

121

At 30 September 2021

23,397

13,424

36,821

DEPRECIATION

At 1 October 2020

18,712

13,027

31,739

Charge for year

2,339

395

2,734

At 30 September 2021

21,051

13,422

34,473

NET BOOK VALUE

At 30 September 2021

2,346

2

2,348

At 30 September 2020

4,685

276

4,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

7,263

99,720

Other debtors

30,590

59,757

37,853

159,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

5,000

-

Trade creditors

(1

)

53,446

Taxation and social security

40,672

46,662

Other creditors

1,790

1,691

47,461

101,799

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

19,167

50,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 October 2020

207,436

Deficit for the year

(25,971

)

Dividends

(60,000

)

At 30 September 2021

121,465

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21

30.9.20

£

£

CE Littlewood

Balance outstanding at start of year

25,174

(596

)

Amounts advanced

-

25,770

Amounts repaid

(5,210

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,964

25,174

AP Sharkey

Balance outstanding at start of year

33,221

(91

)

Amounts advanced

-

33,312

Amounts repaid

(22,595

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,626

33,221

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors by virtue of their ownership of 100% of the issued share capital.