Polart Ltd
- Small
- Active
- 4 years
- 1 employee
- £1,328 (assets)
- Real address
- 1 director
- 1 owner
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
Polart Ltd from Lowestoft UK is a small, active company founded four years ago. It’s a solo-founder operation employing just one person and holding £1,328 in assets. Based at a real address, the company operates an e-commerce site specializing in Polish-themed gifts and products. There’s one director and one owner, with Mr. Artur Rzeszutek at the helm.
The Polart website showcases a wide range of items, from clothing and jewelry to books, music, and collectibles—all celebrating Polish culture and heritage. It’s clear the company caters to Polish-Americans and those interested in Polish traditions, with sections dedicated to Christmas, Easter, and other special occasions. The site even offers a 2025 calendar and a selection of medals from the Polish Mint. It’s a diverse online store, aiming to be a one-stop shop for all things Polish.
Financially, Polart Ltd presents a mixed picture. Cash bank on hand increased by a remarkable 150% to £720, which is good news. However, net assets decreased by 72% to -£260, and finished goods completely disappeared, dropping 100% to zero. Creditors increased significantly, up 280% to £630, and trade debtors rose 15% to £610. While the company’s small size (meeting two of three criteria for being a small company) allows for flexibility, the decline in equity is concerning. The company’s accounts are unaudited, as it’s exempt due to its size.
It seems Polart Ltd is navigating the challenges of a small e-commerce business. The increased cash reserves are encouraging, but the decrease in net assets and the rise in creditors suggest the company is burning through money. Whether it can sustain this pace and continue to grow its niche market remains to be seen.
Registered in England/Wales under the registration number 12877626, with a registered address at NR32 2LG, United Kingdom, Lowestoft, 2 Jacobs Court, Raglan Street.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- Rzeszutek Artur
- 4 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- Rzeszutek Artur
- 4 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted seven months ago.
Last news
-
Confirmation statement made on 2024-09-11 with no updatesDownload 3 pages pdf report
-
Total exemption full accounts made up to 2023-09-30Download 6 pages pdf report
-
Confirmation statement made on 2023-09-12 with no updatesDownload 3 pages pdf report
FAQ about Polart Ltd
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