Polyquest Ltd. in London, EC4M 9AF

Description

Data updated on: 01-11-2023

This firm is situated in London under the ID 11730534. The company was set up in the year 2018. The office of the company is located at Fifth Floor One New Change. The postal code for this place is EC4M 9AF. The enterprise's principal business activity number is 46750: Wholesale of chemical products. The latest annual accounts provide detailed information about the period up to 2022-12-31 and the most recent annual confirmation statement was filed on 2022-12-16.

As stated, this specific business was established six years ago and has so far been run by three directors. At least one secretary in this firm is a limited company: Gravitas Company Secretarial Services Limited.

John M. is the individual with significant control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

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

Balance Sheet
Cash Bank On Hand	5 886	98	8 489	2 163
Current Assets	38 186	5 348 444	7 381 140	5 958 911
Debtors	32 300	5 156 530	7 372 651	5 751 177
Other Debtors		39 121		19 334
Total Inventories		191 816		205 571

Other Financial Data
Audit Fees Expenses		20 000	22 500	25 875
Accrued Liabilities Deferred Income		22 078	14 254	22 362
Administrative Expenses		486 881	1 329 524	935 266
Amounts Owed By Group Undertakings			6 545
Amounts Owed By Related Parties	30 528
Amounts Owed To Group Undertakings		914 379		35 184
Average Number Employees During Period	3	3	3
Bank Borrowings		2 943 600	5 287 884	5 517 247
Bank Borrowings Overdrafts		2 943 600	5 287 884	5 517 247
Cash Cash Equivalents Cash Flow Value	5 886	98	8 489	2 163
Comprehensive Income Expense	-7 514	-165 029	-782 635	-648 397
Cost Sales		14 404 265	20 405 228	21 564 091
Creditors	5 700	4 114 323	6 929 654	6 155 822
Deferred Tax Asset Debtors	1 772	1 772	1 772	1 772
Finished Goods Goods For Resale		191 816		205 571
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities		-2 943 600	-2 344 284	-229 363
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income	40	-40 046	9 414	9 571
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss		-91 321	40 619	-356 144
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables		-1 165 023	-471 047	1 003 195
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables		5 124 230	2 216 121	-1 621 474
Gain Loss In Cash Flows From Change In Inventories		191 816	-191 816	205 571
Gross Profit Loss		403 625	593 561	390 035
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings		41 731	77 081	112 737
Interest Income On Bank Deposits		4
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss		4
Interest Payable Similar Charges Finance Costs		41 731	77 081	112 737
Interest Received Classified As Investing Activities		-4
Issue Equity Instruments	40 000	1 366 664
Net Cash Flows From Used In Operating Activities		4 276 010	2 345 307	245 260
Net Cash Generated From Operations		4 234 279	2 268 226	132 523
Net Current Assets Liabilities	32 486	1 234 121	451 486	-196 911
Net Finance Income Costs		4
Net Interest Paid Received Classified As Operating Activities		-41 731	-77 081	-112 737
Operating Profit Loss		-83 256	-714 968	-545 231
Other Creditors	5 700	22 911
Other Interest Receivable Similar Income Finance Income		4
Other Operating Income Format1			20 995
Other Taxation Social Security Payable		189 537	341 797
Prepayments Accrued Income		22 347	16 970	14 645
Proceeds From Issuing Shares		-1 366 664
Profit Loss	-7 554	-124 983	-792 049	-657 968
Profit Loss On Ordinary Activities Before Tax		-124 983	-792 049	-657 968
Tax Decrease Increase From Effect Revenue Exempt From Taxation				9 603
Tax Expense Credit Applicable Tax Rate		-23 747	-150 489	-125 014
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss		13 604	25 204
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward		10 143	125 285	134 617
Total Borrowings		2 943 600	5 287 884	5 517 247
Trade Creditors Trade Payables		21 818	1 285 719	581 029
Trade Debtors Trade Receivables		5 115 637	7 347 364	5 715 426
Turnover Revenue		14 807 890	20 998 789	21 954 126

Company staff

Gravitas Company Secretarial Services Limited

Role: Corporate Secretary

Appointed: 17 December 2018

Address: One New Change, London, EC4M 9AF, United Kingdom

Latest update: 22 February 2024

Randy B.

Role: Director

Appointed: 17 December 2018

Latest update: 22 February 2024

Thomas D.

Role: Director

Appointed: 17 December 2018

Latest update: 22 February 2024

John M.

Role: Director

Appointed: 17 December 2018

Latest update: 22 February 2024

People with significant control

John M.

Notified on 17 December 2018

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	30 December 2023
Confirmation statement last made up date	16 December 2022

Annual Accounts
Start Date For Period Covered By Report	2018-12-17
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

Polyquest Ltd.

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Gravitas Company Secretarial Services Limited

Randy B.

Thomas D.

John M.

People with significant control

John M.

Accounts Documents

Company filings

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