Registered Number SC377245

POL-DRIVE LTD

Abbreviated Accounts

31 March 2013

POL-DRIVE LTD Registered Number SC377245

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 10,403 18,540
10,403 18,540
Current assets
Debtors 3,810 -
Cash at bank and in hand 1,561 247
5,371 247
Prepayments and accrued income - 688
Creditors: amounts falling due within one year (6,142) (4,005)
Net current assets (liabilities) (771) (3,070)
Total assets less current liabilities 9,632 15,470
Creditors: amounts falling due after more than one year (9,331) (11,740)
Provisions for liabilities (88) (654)
Total net assets (liabilities) 213 3,076
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 212 3,075
Shareholders' funds 213 3,076
  • For the year ending 31 March 2013 the company was entitled to exemption 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 May 2013

And signed on their behalf by:
Lukasz Gryglewski, Director

POL-DRIVE LTD Registered Number SC377245

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services and goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: plant and machinery 33% on cost and 25% on reducing balance.

2 Tangible fixed assets
£
Cost
At 1 April 2012 26,973
Additions -
Disposals (8,039)
Revaluations -
Transfers -
At 31 March 2013 18,934
Depreciation
At 1 April 2012 8,433
Charge for the year 3,615
On disposals (3,517)
At 31 March 2013 8,531
Net book values
At 31 March 2013 10,403
At 31 March 2012 18,540
3 Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
1 Ordinary shares of £1 each 1 1

4Transactions with directors

Included in other debtors at the year end is a balance owed to the company by the director, amounting to £ 3,810. There are no repayment or interest terms attached to this balance. The total balance wa repaid by the director after the year end.


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