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REGISTERED NUMBER: 01831160 (England and Wales)















POS Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






POS Limited (Registered number: 01831160)

Contents of the Financial Statements
for the year ended 30 September 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


POS Limited (Registered number: 01831160)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 230 580

CURRENT ASSETS
Stocks 1,000 3,000
Debtors 6 192,554 79,176
Cash at bank 115,561 204,485
309,115 286,661
CREDITORS
Amounts falling due within one year 7 97,799 96,208
NET CURRENT ASSETS 211,316 190,453
TOTAL ASSETS LESS CURRENT LIABILITIES 211,546 191,033

CAPITAL AND RESERVES
Called up share capital 8 21,094 21,094
Share premium 21,406 21,406
Capital redemption reserve 13,500 13,500
Retained earnings 155,546 135,033
SHAREHOLDERS' FUNDS 211,546 191,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

POS Limited (Registered number: 01831160)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




S D Baptist - Director



I M Hartley - Director


POS Limited (Registered number: 01831160)

Notes to the Financial Statements
for the year ended 30 September 2023


1. STATUTORY INFORMATION

POS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01831160

Registered office: Unit E121
E Mill
Dean Clough Mills
Halifax
HX3 5AX

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on these financial statements.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from maintenance contracts is recognised evenly over the term of the contract. This represents a change in accounting policy. In previous years the company recognised revenue on maintenance contracts in full when the invoice was raised at the start of the contract period.

POS Limited (Registered number: 01831160)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:
Short leasehold property- straight line over the term of the lease
Fixtures and fittings- 33% reducing balance
Motor vehicles- 25% straight line

At each reporting period end, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount is the higher of fair value less costs to sell and value in use. An impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

POS Limited (Registered number: 01831160)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 19,838 62,708 82,546
Disposals (19,838 ) (62,191 ) (82,029 )
At 30 September 2023 - 517 517
DEPRECIATION
At 1 October 2022 19,838 62,128 81,966
Charge for year - 115 115
Eliminated on disposal (19,838 ) (61,956 ) (81,794 )
At 30 September 2023 - 287 287
NET BOOK VALUE
At 30 September 2023 - 230 230
At 30 September 2022 - 580 580

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 6,754 16,394
Amounts owed by group undertakings 164,167 -
Other debtors 21,633 62,782
192,554 79,176

POS Limited (Registered number: 01831160)

Notes to the Financial Statements - continued
for the year ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 3,099 5,267
Taxation and social security 6,536 5,827
Other creditors 88,164 85,114
97,799 96,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
21,094 Ordinary £1 21,094 21,094

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
K Hartley
Balance outstanding at start of year 49,526 -
Amounts advanced - 49,526
Amounts repaid (49,526 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 49,526