Registered Number:SC380825 |
For the year ended 30 June 2023
Scotland
Unaudited Financial Statements
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
POSITEC (UK) LTD
Statement of Financial Position
2022
2023
Property, plant and equipment |
55,413
73,883
2
55,413
73,883
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
1
1
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. |
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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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. |
ARDGAIRNEY COTTAGE
HATCHBANK ROAD
KINROSS
KY13 0LG
The presentation currency is £ sterling. |
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 |
Motor vehicles
96,549
4,666
38,400
53,483
53,483
38,400
4,666
96,549
Provision for depreciation and impairment |
22,666
1,899
9,600
11,167
Charge for year
18,470
691
7,200
10,579
41,136
2,590
16,800
21,746
31,737
21,600
2,076
55,413
42,316
28,800
2,767
73,883
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For the year ended 30 June 2023
POSITEC (UK) LTD
Notes to the Financial Statements Continued
2022
2023
5,404
7,051
4. Trade and other receivables |
2022
2023
4,153
810
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,600
2,600
2,460
3,227
Taxation and social security |
608
2,741
13,232
13,196
18,900
21,764
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
6,523
9,100
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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