2022-07-01 SC380825 2023-06-30 SC380825 2022-07-01 2023-06-30 SC380825 2022-06-30 SC380825 2021-07-01 2022-06-30 SC380825 uk-core:WithinOneYear 2022-06-30 SC380825 uk-core:WithinOneYear 2023-06-30 SC380825 uk-core:AfterOneYear 2022-06-30 SC380825 uk-core:AfterOneYear 2023-06-30 SC380825 uk-core:ShareCapital 2023-06-30 SC380825 uk-core:ShareCapital 2022-06-30 SC380825 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC380825 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 SC380825 uk-bus:Director1 2022-07-01 2023-06-30 SC380825 uk-core:OfficeEquipment 2022-06-30 SC380825 uk-core:CommercialMotorVehicles 2022-06-30 SC380825 uk-core:PlantMachinery 2022-06-30 SC380825 uk-core:PlantMachinery 2023-06-30 SC380825 uk-core:CommercialMotorVehicles 2023-06-30 SC380825 uk-core:OfficeEquipment 2023-06-30 SC380825 uk-core:OfficeEquipment 2022-07-01 2023-06-30 SC380825 uk-core:CommercialMotorVehicles 2022-07-01 2023-06-30 SC380825 uk-core:PlantMachinery 2022-07-01 2023-06-30 SC380825 uk-core:WithinOneYear 2023-06-30 SC380825 uk-core:WithinOneYear 2022-06-30 SC380825 uk-core:AfterOneYear uk-core:Secured 2023-06-30 SC380825 uk-core:AfterOneYear uk-core:Secured 2022-06-30 iso4217:GBP xbrli:pure SC380825 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 SC380825 uk-bus:FRS102 2022-07-01 2023-06-30 SC380825 uk-bus:FullAccounts 2022-07-01 2023-06-30 SC380825 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
POSITEC (UK) LTD
Registered Number:SC380825
For the year ended 30 June 2023
Scotland
Unaudited Financial Statements
2
For the year ended 30 June 2023
POSITEC (UK) LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC380825
As at 30 June 2023
POSITEC (UK) LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
55,413
73,883
2
55,413
73,883
Current assets
Inventories
7,051
5,404
3
Trade and other receivables
810
4,153
4
9,991
Cash and cash equivalents
1,035
10,592
17,852
Trade and other payables: amounts falling due within one
year
(21,764)
(18,900)
5
(3,912)
(8,308)
Net current liabilities
Total assets less current liabilities
47,105
69,971
Trade and other payables: amounts falling due after more
than one year
(57,128)
(40,830)
6
6,275
Net assets
12,843
Capital and reserves
Called up share capital
1
1
Retained earnings
6,274
12,842
6,275
12,843
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PETER STANHOPE Director
These financial statements were approved and authorised for issue by the Board on 08 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
POSITEC (UK) LTD
Notes to the Financial Statements
Statutory Information
POSITEC (UK) LTD is a private limited company, limited by shares, domiciled in Scotland, registration number
SC380825.
Registered address:
ARDGAIRNEY COTTAGE
HATCHBANK ROAD
KINROSS
KY13 0LG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 July 2022
96,549
4,666
38,400
53,483
At 30 June 2023
53,483
38,400
4,666
96,549
Provision for depreciation and impairment
At 01 July 2022
22,666
1,899
9,600
11,167
Charge for year
18,470
691
7,200
10,579
At 30 June 2023
41,136
2,590
16,800
21,746
At 30 June 2023
Net book value
31,737
21,600
2,076
55,413
At 30 June 2022
42,316
28,800
2,767
73,883
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5
For the year ended 30 June 2023
POSITEC (UK) LTD
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
5,404
7,051
4. Trade and other receivables
2022
2023
£
£
Trade debtors
4,153
810
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
2,600
2,600
Trade creditors
2,460
3,227
Taxation and social security
608
2,741
Other creditors
13,232
13,196
18,900
21,764
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
6,523
9,100
Other creditors
34,307
48,028
40,830
57,128
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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