Company Registration No. 11251562 (England and Wales)
Polygon Events Limited
Unaudited accounts
for the year ended 31 March 2023
Polygon Events Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,302
1,628
Cash at bank and in hand
14,205
19,736
Creditors: amounts falling due within one year
(14,248)
(17,422)
Net current assets
11,420
8,307
Total assets less current liabilities
13,096
10,376
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
12,678
9,883
Shareholders' funds
12,778
9,983
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2023 and were signed on its behalf by
Alastair Ruxton
Director
Company Registration No. 11251562
Polygon Events Limited
Notes to the Accounts
for the year ended 31 March 2023
Polygon Events Limited is a private company, limited by shares, registered in England and Wales, registration number 11251562. The registered office is Pavilion Cottage, Eastfield Lane, Whitchurch on Thames, Reading, RG8 7EJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
16.67%
4
Intangible fixed assets
Total
Polygon Events Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Total
Allotted, called up and fully paid:
50 A Ordinary Shares of £1 each
50
50
50 B Ordinary Shares of £1 each
50
50
7
Capital commitments
2023
2022
Amounts contracted but not provided for in the accounts
14,473
22,025
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
