|
|
|
|
|
POLE STAR TECHNOLOGY LIMITED
REGISTERED NUMBER: 08515853
|
ABBREVIATED BALANCE SHEET
AS AT 31 MAY 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 May 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 29 February 2016.
................................................
Mr M Chowdhury
|
|
|
The notes on pages 2 to 4 form part of these financial statements.
1
|
|
|
|
|
|
POLE STAR TECHNOLOGY LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
1.Accounting Policies
|
|
|
Basis of preparation of financial statements
|
|
|
|
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
|
|
|
|
|
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
|
|
|
|
Tangible fixed assets and depreciation
|
|
|
|
|
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|
|
|
|
|
|
|
|
|
|
|
|
Investments held as fixed assets are shown at cost less provision for impairment.
|
2.Tangible fixed assets
|
|
|
|
|
|
|
At 1 June 2014 and 31 May 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
POLE STAR TECHNOLOGY LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
3.Fixed asset investments
Subsidiary undertakings
The following were subsidiary undertakings of the company:
|
|
|
Pole Star Technology India Private Limited
|
|
|
Pole Star Technology India Private Limited was incorporated on 19 December 2014 and will prepare its first set of accounts to 31 March 2016. As such, there are no results currently available.
 
|
|
|
|
|
|
|
|
|
|
|
|
|
Pole Star Technology India Private Limited
|
|
3
|
|
|
|
|
|
POLE STAR TECHNOLOGY LIMITED
|
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
4.Share capital
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 (2014 - 1) Ordinary shares of £1 each
|
|
|
During the period 99 Ordinary shares of £1 each were issued at par and were fully paid.
5.Directors' benefits: advances, credit and guarantees
During the year Mrs E Orman, a director of the company, paid expenses on behalf of the company totalling £4,455 (2014: £831) and was reimbursed amounts totalling £962 (2014: £nil). Mrs E Orman received amounts from the company totalling £52,463 (2014: £27,100), received dividends totalling £40,200 (2014: £nil) and was charged interest totalling £564 (2014: £127). At the balance sheet date, Mrs E Orman owed the company £9,333 (2014: £26,397). This amount was repaid in full on 31 January 2016.
During the year Mr M Chowdhury, a director of the company, paid expenses on behalf of the company totalling £7,059 (2014: £16,083), received amounts from the company totalling £95,263 (2014: £25,000) and repaid amounts to the company totalling £6,000 (2014: £nil). Mr M Chowdhury received dividends totalling £53,600 (2014: £nil) and was charged interest totalling £605 (2014: £168). At the balance sheet date, Mr M Chowdhury owed the company £29,209 (2014: £9,085). This amount was repaid in full on 31 January 2016.
4
|
