Polar Technology Management Group Limited in Banbury, OX16 9BE

Description

Data updated on: 01-11-2023

Polar Technology Management Group Limited with reg. no. 07861070 has been on the market for thirteen years. This Private Limited Company can be contacted at Penrose House, 67 Hightown Road in Banbury and their area code is OX16 9BE. Since 2014-08-15 Polar Technology Management Group Limited is no longer under the business name Polar Venture Management. The company's declared SIC number is 64209 meaning Activities of other holding companies n.e.c.. The latest annual accounts were submitted for the period up to December 31, 2022 and the most current annual confirmation statement was filed on October 20, 2022.

There is a team of two directors supervising this specific firm at the moment, specifically Michael D. and Scott R. who have been utilizing the directors responsibilities since November 2011. In order to support the directors in their duties, the abovementioned firm has been utilizing the skills of Paul J. as a secretary since 2022.

Previous company's names
Polar Technology Management Group Limited 2014-08-15
Polar Venture Management Limited 2011-11-25

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
Currency

Balance Sheet
Cash Bank On Hand	34 018	549 439	360 000	16 322	914 257	419 480
Current Assets	7 228 348	9 779 036	10 392 607	11 701 654	18 330 656	14 247 885
Debtors	4 784 330	4 446 565	6 733 083	8 855 332	12 554 357	7 886 151
Net Assets Liabilities	1 662 416	2 059 026	1 652 897	-990 819	-4 721 817	-4 233 685
Other Debtors	760 376	787 893	1 250 052	1 403 292	1 402 237	27 401
Property Plant Equipment	117 505	98 007	853 232	1 060 469	7 158 641	7 923 185
Total Inventories			2 878 289	3 831 667

Other Financial Data
Accrued Liabilities Deferred Income	1 931 038	2 510 372	3 204 169	3 648 981	4 364 586	5 155 124
Accumulated Amortisation Impairment Intangible Assets			16 363	26 663	4 966 072	5 754 809
Accumulated Depreciation Impairment Property Plant Equipment	46 522	76 805	112 142	127 779	9 817 041	11 607 660
Additions Other Than Through Business Combinations Intangible Assets				68 757	57 882	52 612
Additions Other Than Through Business Combinations Property Plant Equipment		10 785	790 562	261 469	400 849	2 555 163
Administrative Expenses			8 399 878	10 678 415	8 955 976	9 325 818
Amounts Owed To Group Undertakings	205 660	307 413	422 520	9 026 706	9 026 706	9 437 044
Average Number Employees During Period	10	10	9	19	219	233
Bank Borrowings	718 335		2 750 000	250 000	2 958 000	2 858 377
Bank Borrowings Overdrafts	665 152	6 185 000	470 440	223 583	476 217	1 311 870
Cash Cash Equivalents		710 319	1 082 152	200 724	914 257	419 480
Corporation Tax Recoverable			1 103 114	1 697 355	97 139	97 139
Cost Sales			10 212 496	13 300 155	14 443 336	18 305 911
Creditors	6 115 573	6 205 150	6 928 431	14 073 073	13 584 981	10 125 564
Current Tax For Period			-1 043 451	-1 624 708	-79 749
Debentures In Issue	5 420 000	6 185 000	3 185 000	3 185 000	3 185 000	3 185 000
Deferred Income			270 754	244 452	408 341	116 239
Deferred Tax Asset Debtors	323 917	468 703	582 265	1 188 098	739 480	671 762
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit				1 113 278
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws				-236 246		-8 572
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences			-23 307	901 704	-70 511	-136 277
Dividends Paid Classified As Financing Activities				-200
Finance Lease Liabilities Present Value Total	39 619	30 391	25 559	377	362 655	506 216
Finance Lease Payments Owing Minimum Gross	9 198	11 037	25 182	377	114 324	178 409
Finished Goods Goods For Resale			105 147	37 847	43 860	104 053
Fixed Assets	3 872 576	26 302 178	4 608 563	4 815 600	10 460 876	11 481 571
Further Item Deferred Expense Credit Component Total Deferred Tax Expense						34 644
Further Item Tax Increase Decrease Component Adjusting Items			498 178	110 656	-179 701	185 515
Future Finance Charges On Finance Leases	2 665	855	96 577	223 764	82 836	45 685
Gain Loss On Disposals Property Plant Equipment			29 720
Government Grant Income			287 946	328 034
Income Taxes Paid Refund Classified As Operating Activities			719 326		1 679 966
Increase Decrease In Current Tax From Adjustment For Prior Periods			13 907	221		34 644
Increase From Amortisation Charge For Year Intangible Assets				10 300	791 913	788 737
Increase From Depreciation Charge For Year Property Plant Equipment		30 283	35 337	54 232	1 617 983	1 790 619
Intangible Assets	2 915 232	4 163 718	4 353 586	225 453	3 301 399	3 557 350
Intangible Assets Gross Cost			183 359	252 116	8 267 471	9 312 159
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			393 513	87 514
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts			90 407	76 655
Interest Income On Bank Deposits			49 553	56	141	284
Interest Paid Classified As Operating Activities			-1 089 331		-1 058 748	-1 131 161
Interest Payable Similar Charges Finance Costs			1 089 331	825 581	1 058 748	1 131 161
Interest Received Classified As Investing Activities			-49 553	-56	-141	-284
Investments Fixed Assets	3 755 071	3 755 331	3 755 331	3 755 131	836	1 036
Investments In Subsidiaries	3 755 071	3 755 331	3 755 331	3 755 131	836	1 036
Loss Gain From Write-downs Reversals Inventories			325 104	697 205	362 228
Net Cash Generated From Operations			-1 007 237	-4 644 081	-1 307 468	-4 192 013
Net Current Assets Liabilities	3 905 413	4 410 838	-5 069 551
Net Finance Income Costs			49 553	56	141	284
Other Creditors	1 018 744	28 744	3 028 744	1 998 974	2 371 194	3 119 016
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				38 595
Other Disposals Property Plant Equipment				38 595
Other Interest Receivable Similar Income Finance Income			49 553	56	141	284
Other Provisions Balance Sheet Subtotal				284 828	213 621	69 856
Other Remaining Borrowings				100 000
Payments Received On Account			103 215	155 792	102 234	89 869
Pension Other Post-employment Benefit Costs Other Pension Costs	103 431	95 509	153 108	49 358	238 101	370 043
Percentage Class Share Held In Subsidiary		100	100	100	100	100
Prepayments Accrued Income	48 671	125 696	896 177	141 476	552 012	832 495
Profit Loss	-251 650	396 610	-406 129	-2 643 516	-3 730 998	488 132
Property Plant Equipment Gross Cost	164 027	174 812	965 374	1 188 248	16 975 682	19 530 845
Raw Materials Consumables			1 857 623	2 504 356
Social Security Costs	68 811	67 446	70 996	113 881
Staff Costs Employee Benefits Expense	728 358	705 019	798 765	758 135	8 255 330	9 996 286
Taxation Including Deferred Taxation Balance Sheet Subtotal			495 769	697 051	177 923
Tax Decrease From Utilisation Tax Losses			237
Tax Increase Decrease Arising From Group Relief Tax Reconciliation				16 545
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit			-1 046 058	-1 307 787	-114 290	-226 678
Tax Increase Decrease From Effect Capital Allowances Depreciation			1 542	-38 286		21 111
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			25 045	333	-11 848	7 838
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward			258 621	443 860
Tax Tax Credit On Profit Or Loss On Ordinary Activities			-1 052 851	-959 029	-150 260	-110 205
Total Assets Less Current Liabilities	7 777 989	24 723 045	21 108 502
Total Borrowings			470 440	323 583	476 217	1 311 870
Total Current Tax Expense Credit			-1 029 544	-1 624 487	-79 749
Total Deferred Tax Expense Credit			-23 307	665 458	-70 511	-110 205
Trade Creditors Trade Payables	86 178	137 890	156 691	3 304 322	2 312 337	3 272 072
Trade Debtors Trade Receivables	10 800	28	366	261 469	4 521 265	4 257 069
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Intangible Assets					-7 263 793
Transfers To From Non-current Assets Or Disposal Groups Held For Sale Property Plant Equipment				-790 568	-15 386 585
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Amortisation Impairment Intangible Assets					-4 174 159
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Depreciation Impairment Property Plant Equipment				-65	-8 071 279
Turnover Revenue			14 662 291	16 231 066
Wages Salaries	556 116	542 064	574 661	594 896	7 226 192	8 676 179

Company staff

Paul J.

Role: Secretary

Appointed: 23 June 2022

Latest update: 19 April 2024

Michael D.

Role: Director

Appointed: 25 November 2011

Latest update: 19 April 2024

Scott R.

Role: Director

Appointed: 25 November 2011

Latest update: 19 April 2024

People with significant control

Executives with significant control over the firm are: Scott R. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Michael D. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Scott R.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Michael D.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	03 November 2023
Confirmation statement last made up date	20 October 2022

Annual Accounts
Start Date For Period Covered By Report	2019-01-01
End Date For Period Covered By Report	2019-12-31
Annual Accounts
Start Date For Period Covered By Report	2020-01-01
End Date For Period Covered By Report	2020-12-31
Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	2021-12-31
Annual Accounts
Start Date For Period Covered By Report	2022-01-01
End Date For Period Covered By Report	2022-12-31
Annual Accounts
Start Date For Period Covered By Report	2023-01-01
End Date For Period Covered By Report	2023-12-31

Polar Technology Management Group Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Paul J.

Michael D.

Scott R.

Gavin H.

People with significant control

Scott R.

Michael D.

Accounts Documents

Company filings

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