POL-DRIVE LTD




Company Registration Number:
SC377245 (Scotland)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

POL-DRIVE LTD

Company Information
for the Period Ended
31st March 2015




Director: Lukasz Gryglewski
Registered office: 201 Lenzie Avenue
Deans
Livingston
EH54 8NU
Company Registration Number: SC377245 (Scotland)

POL-DRIVE LTD

Directors' Report Period Ended 31st March 2015

The directors present their report with the financial statements of the company for the period ended 31st March 2015

Principal activities
The principal activity of the company in the period under review was:
Driving School

Directors
The directors shown below have held office during the whole of the period from
01st April 2014 to 31st March 2015
Lukasz Gryglewski

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 09 December 2015
And Signed On Behalf Of The Board By:

Name: Lukasz Gryglewski
Status: Director

POL-DRIVE LTD

Profit and Loss Account

for the Period Ended 31st March 2015

Notes 2015
£
2014
£
Turnover: 24,812 32,558
Cost of sales: 7,294 6,641
Gross profit or (loss): 17,518 25,917
Administrative expenses: 2, 3 16,767 23,704
Operating profit or (loss): 751 2,213
Profit or (loss) on ordinary activities before taxation: 751 2,213
Profit or (loss) for the financial year: 601 1,771

The notes form part of these financial statements

POL-DRIVE LTD

Statement of total recognised gains and losses
31st March 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

POL-DRIVE LTD

Balance sheet
As at 31st March 2015

Notes 2015
£
2014
£
Fixed assets
Tangible assets: 4 8,997 11,996
Total fixed assets: 8,997 11,996
Current assets
Debtors: - 3,000
Cash at bank and in hand: 7,472 4,140
Total current assets: 7,472 7,140
Creditors: amounts falling due within one year 5 150 442
Net current assets (liabilities): 7,322 6,698
Total assets less current liabilities: 16,319 18,694
Creditors: amounts falling due after more than one year: 6 7,240 10,216
Total net assets (liabilities): 9,079 8,478

The notes form part of these financial statements

POL-DRIVE LTD

Balance sheet
As at 31st March 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 7 1 1
Profit and Loss account: 8 9,078 8,477
Total shareholders funds: 9,079 8,478

For the year ending 31 March 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 09 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Lukasz Gryglewski
Status: Director

The notes form part of these financial statements

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under 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 fixed 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: 20% using straight line method

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 2 . Directors' remuneration

    2015 2014
    £ £
    Directors' remuneration: 10,000 10,000
    Value of contributions to directors' pensions: 357 457
    TOTAL: 10,357 10,457

    Under PAYE

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 3. Employees

    2015 2014
    £ £
    Wages and salaries: 10,357 10,457
    Total staff costs: 10,357 10,457
    Average number of employees including directors during the period: 1 1

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 4. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st April 2014: - - - - 11,996 11,996
    At 31st March 2015: - - - - 11,996 11,996
    Depreciation
    Charge for year: - - - - 2,999 2,999
    At 31st March 2015: - - - - 2,999 2,999
    Net book value
    At 31st March 2015: - - - - 8,997 8,997
    At 31st March 2014: - - - - 11,996 11,996

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 5. Creditors: amounts falling due within one year

    2015 2014
    £ £
    Taxation and social security: 150 442
    Total: 150 442

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 6. Creditors: amounts falling due after more than one year

    2015 2014
    £ £
    Amounts due under finance leases and hire purchase contracts: 7,240 10,216
    Total: 7,240 10,216

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1

POL-DRIVE LTD

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 8. Profit and loss account

    2015 2014
    £ £
    Opening balance: 8,477 6,706
    Profit or (loss) for the period: 601 1,771
    Equity dividends paid: 0 0
    Retained profit: 9,078 8,477


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