Polaris Partners Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08791097 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

29th February 2016

for

Polaris Partners Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Stephenson

M R Stephenson

REGISTERED OFFICE:

3 Derby Road

Ripley

Derbyshire

DE5 3EA

REGISTERED NUMBER:

08791097 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

3 Derby Road

Ripley

Derbyshire

DE5 3EA

CURRENT ASSETS

Stocks

-

9,860

Debtors

7,422

27,390

Cash at bank

20,869

13,187

28,291

50,437

CREDITORS

Amounts falling due within one year

15,950

37,918

NET CURRENT ASSETS

12,341

12,519

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,341

12,519

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

12,339

12,517

SHAREHOLDERS' FUNDS

12,341

12,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3rd October 2016 and were signed on
its behalf by:

R Stephenson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

2

Ordinary

£1

2