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Polar Technology Management Group Limited BANBURY

Founded in 2011, Polar Technology Management Group, classified under reg no. 07861070 is an active company. Currently registered at Penrose House OX16 9BE, Banbury the company has been in the business for thirteen years. Its financial year was closed on December 30 and its latest financial statement was filed on Sat, 31st Dec 2022. Since Fri, 15th Aug 2014 Polar Technology Management Group Limited is no longer carrying the name Polar Venture Management.

At present there are 2 directors in the the firm, namely Michael D. and Scott R.. In addition one secretary - Paul J. - is with the company. As of 28 May 2024, there was 1 ex secretary - Gavin H.. There were no ex directors.

Polar Technology Management Group Limited Address / Contact

Office Address Penrose House
Office Address2 67 Hightown Road
Town Banbury
Post code OX16 9BE
Country of origin United Kingdom

Company Information / Profile

Registration Number 07861070
Date of Incorporation Fri, 25th Nov 2011
Industry Activities of other holding companies n.e.c.
End of financial Year 30th December
Company age 13 years old
Account next due date Mon, 30th Sep 2024 (125 days left)
Account last made up date Sat, 31st Dec 2022
Next confirmation statement due date Fri, 3rd Nov 2023 (2023-11-03)
Last confirmation statement dated Thu, 20th Oct 2022

Company staff

Paul J.

Position: Secretary

Appointed: 23 June 2022

Michael D.

Position: Director

Appointed: 25 November 2011

Scott R.

Position: Director

Appointed: 25 November 2011

Gavin H.

Position: Secretary

Appointed: 14 January 2020

Resigned: 18 May 2022

People with significant control

The register of PSCs that own or have control over the company consists of 2 names. As BizStats discovered, there is Scott R. The abovementioned PSC has 25-50% voting rights and has 25-50% shares. Another entity in the PSC register is Michael D. This PSC owns 25-50% shares and has 25-50% voting rights.

Scott R.

Notified on 6 April 2016
Nature of control: 25-50% voting rights
25-50% shares

Michael D.

Notified on 6 April 2016
Nature of control: 25-50% voting rights
25-50% shares

Company previous names

Polar Venture Management August 15, 2014

Annual reports financial information

Profit & Loss
Accounts Information Date 2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-31
Balance Sheet
Cash Bank On Hand34 018549 439360 00016 322914 257419 480
Current Assets7 228 3489 779 03610 392 60711 701 65418 330 65614 247 885
Debtors4 784 3304 446 5656 733 0838 855 33212 554 3577 886 151
Net Assets Liabilities1 662 4162 059 0261 652 897-990 819-4 721 817-4 233 685
Other Debtors760 376787 8931 250 0521 403 2921 402 23727 401
Property Plant Equipment117 50598 007853 2321 060 4697 158 6417 923 185
Total Inventories  2 878 2893 831 667  
Other
Accrued Liabilities Deferred Income1 931 0382 510 3723 204 1693 648 9814 364 5865 155 124
Accumulated Amortisation Impairment Intangible Assets  16 36326 6634 966 0725 754 809
Accumulated Depreciation Impairment Property Plant Equipment46 52276 805112 142127 7799 817 04111 607 660
Additions Other Than Through Business Combinations Intangible Assets   68 75757 88252 612
Additions Other Than Through Business Combinations Property Plant Equipment 10 785790 562261 469400 8492 555 163
Administrative Expenses  8 399 87810 678 4158 955 9769 325 818
Amounts Owed To Group Undertakings205 660307 413422 5209 026 7069 026 7069 437 044
Average Number Employees During Period1010919219233
Bank Borrowings718 335 2 750 000250 0002 958 0002 858 377
Bank Borrowings Overdrafts665 1526 185 000470 440223 583476 2171 311 870
Cash Cash Equivalents 710 3191 082 152200 724914 257419 480
Corporation Tax Recoverable  1 103 1141 697 35597 13997 139
Cost Sales  10 212 49613 300 15514 443 33618 305 911
Creditors6 115 5736 205 1506 928 43114 073 07313 584 98110 125 564
Current Tax For Period  -1 043 451-1 624 708-79 749 
Debentures In Issue5 420 0006 185 0003 185 0003 185 0003 185 0003 185 000
Deferred Income  270 754244 452408 341116 239
Deferred Tax Asset Debtors323 917468 703582 2651 188 098739 480671 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 307901 704-70 511-136 277
Dividends Paid Classified As Financing Activities   -200  
Finance Lease Liabilities Present Value Total39 61930 39125 559377362 655506 216
Finance Lease Payments Owing Minimum Gross9 19811 03725 182377114 324178 409
Finished Goods Goods For Resale  105 14737 84743 860104 053
Fixed Assets3 872 57626 302 1784 608 5634 815 60010 460 87611 481 571
Further Item Deferred Expense Credit Component Total Deferred Tax Expense     34 644
Further Item Tax Increase Decrease Component Adjusting Items  498 178110 656-179 701185 515
Future Finance Charges On Finance Leases2 66585596 577223 76482 83645 685
Gain Loss On Disposals Property Plant Equipment  29 720   
Government Grant Income  287 946328 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 907221 34 644
Increase From Amortisation Charge For Year Intangible Assets   10 300791 913788 737
Increase From Depreciation Charge For Year Property Plant Equipment 30 28335 33754 2321 617 9831 790 619
Intangible Assets2 915 2324 163 7184 353 586225 4533 301 3993 557 350
Intangible Assets Gross Cost  183 359252 1168 267 4719 312 159
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings  393 51387 514  
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts  90 40776 655  
Interest Income On Bank Deposits  49 55356141284
Interest Paid Classified As Operating Activities  -1 089 331 -1 058 748-1 131 161
Interest Payable Similar Charges Finance Costs  1 089 331825 5811 058 7481 131 161
Interest Received Classified As Investing Activities  -49 553-56-141-284
Investments Fixed Assets3 755 0713 755 3313 755 3313 755 1318361 036
Investments In Subsidiaries3 755 0713 755 3313 755 3313 755 1318361 036
Loss Gain From Write-downs Reversals Inventories  325 104697 205362 228 
Net Cash Generated From Operations  -1 007 237-4 644 081-1 307 468-4 192 013
Net Current Assets Liabilities3 905 4134 410 838-5 069 551   
Net Finance Income Costs  49 55356141284
Other Creditors1 018 74428 7443 028 7441 998 9742 371 1943 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 55356141284
Other Provisions Balance Sheet Subtotal   284 828213 62169 856
Other Remaining Borrowings   100 000  
Payments Received On Account  103 215155 792102 23489 869
Pension Other Post-employment Benefit Costs Other Pension Costs103 43195 509153 10849 358238 101370 043
Percentage Class Share Held In Subsidiary 100100100100100
Prepayments Accrued Income48 671125 696896 177141 476552 012832 495
Profit Loss-251 650396 610-406 129-2 643 516-3 730 998488 132
Property Plant Equipment Gross Cost164 027174 812965 3741 188 24816 975 68219 530 845
Raw Materials Consumables  1 857 6232 504 356  
Social Security Costs68 81167 44670 996113 881  
Staff Costs Employee Benefits Expense728 358705 019798 765758 1358 255 3309 996 286
Taxation Including Deferred Taxation Balance Sheet Subtotal  495 769697 051177 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 045333-11 8487 838
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward  258 621443 860  
Tax Tax Credit On Profit Or Loss On Ordinary Activities  -1 052 851-959 029-150 260-110 205
Total Assets Less Current Liabilities7 777 98924 723 04521 108 502   
Total Borrowings  470 440323 583476 2171 311 870
Total Current Tax Expense Credit  -1 029 544-1 624 487-79 749 
Total Deferred Tax Expense Credit  -23 307665 458-70 511-110 205
Trade Creditors Trade Payables86 178137 890156 6913 304 3222 312 3373 272 072
Trade Debtors Trade Receivables10 80028366261 4694 521 2654 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 29116 231 066  
Wages Salaries556 116542 064574 661594 8967 226 1928 676 179

Company filings

Filing category
Accounts Annual return Capital Change of name Confirmation statement Incorporation Mortgage Officers Resolution
Registration of charge 078610700010, created on Thu, 7th Sep 2023
filed on: 18th, September 2023 		Free Download (4 pages)

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