06830710falselandscaping, construction and small tool hire2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2022-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2022-02-28http://www.companieshouse.gov.uk/cd:Director12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-02-28http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-03-012023-02-28http://www.companieshouse.gov.uk/pt:MotorCars2022-02-28http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:MotorCars2023-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-03-012023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-02-28http://www.companieshouse.gov.uk/2022-03-012023-02-28http://www.companieshouse.gov.uk/2022-02-28http://www.companieshouse.gov.uk/cd:FRS1022022-03-012023-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2022-03-012023-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06830710

POSITANO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

Prepared By:
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

POSITANO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
DIRECTORS
Mr N Bellisario
SECRETARY
Miss J Bellisario
REGISTERED OFFICE
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06830710
ACCOUNTANTS
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

POSITANO LIMITED

ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

POSITANO LIMITED

BALANCE SHEET AT 28 February 2023
20232022
Notes££
FIXED ASSETS
Tangible assets2686,696596,205
CURRENT ASSETS
Stock93,751353
Debtors4144,070132,562
Cash at bank and in hand49,594128,868
287,415261,783
CREDITORS: Amounts falling due within one year5511,765486,625
NET CURRENT LIABILITIES(224,350)(224,842)
TOTAL ASSETS LESS CURRENT LIABILITIES462,346371,363
CREDITORS: Amounts falling due after more than one year6275,675203,168
PROVISIONS FOR LIABILITIES AND CHARGES8104,03267,718
NET ASSETS82,639100,477
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account82,539100,377
SHAREHOLDERS' FUNDS82,639100,477
For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 November 2023 and signed on their behalf by
.............................
Mr N Bellisario
Director

POSITANO LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

POSITANO LIMITED

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 1 March 20221,047,6631,1025,249184,2631,238,277
Additions379,067-4,903-383,970
Disposals(111,561)---(111,561)
At 28 February 20231,315,1691,10210,152184,2631,510,686
Depreciation
At 1 March 2022549,1929644,39087,526642,072
Disposals(53,998)---(53,998)
For the year210,257351,44024,184235,916
At 28 February 2023705,4519995,830111,710823,990
Net Book Amounts
At 28 February 2023609,7181034,32272,553686,696
At 28 February 2022498,47113885996,737596,205
3. STOCK 20232022
££
Stock comprises:
Stock93,751353
93,751353
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors69,41168,969
UK corporation tax81-
Other debtors27,34725,513
Directors current account N Bellisario47,23137,776
144,070132,258

POSITANO LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-1,564
VAT64,11450,134
PAYE control2,7182,747
NIC control6,3486,386
Directors current account Mrs J Bellisario2,1696,185
Loans50,000150,000
Hire purchase319,085201,757
Trade creditors64,60866,052
Other creditors723-
Accruals2,0001,800
511,765486,625
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr62,500-
Hire purchase over 1 Year213,175203,168
275,675203,168
7. EMPLOYEES
20232022
No.No.
Average number of employees1616

POSITANO LIMITED

8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation104,03267,718
104,03267,718
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
The company is controlled by the director who owns all of the issued share capital of the company.