Registered number
08922381
Twenty Two Positive Limited
Unaudited Filleted Accounts
31 March 2024
Twenty Two Positive Limited
Registered number: 08922381
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,520 4,251
Current assets
Debtors 4 25,996 5,233
Cash at bank and in hand 194,440 201,706
220,436 206,939
Creditors: amounts falling due within one year 5 (83,918) (68,611)
Net current assets 136,518 138,328
Total assets less current liabilities 139,038 142,579
Creditors: amounts falling due after more than one year 6 (10,710) (29,150)
Net assets 128,328 113,429
Capital and reserves
Called up share capital 1 1
Profit and loss account 128,327 113,428
Shareholders' funds 128,328 113,429
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amanda Watts
Director
Approved by the board on 10 September 2024
Twenty Two Positive Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 4 years
Equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Fixtures and fittings Equipment Total
£ £ £
Cost
At 1 April 2023 5,124 10,943 16,067
Additions 1,260 417 1,677
Disposals (3,764) (5,280) (9,044)
At 31 March 2024 2,620 6,080 8,700
Depreciation
At 1 April 2023 4,564 7,252 11,816
Charge for the year 315 2,533 2,848
On disposals (3,204) (5,280) (8,484)
At 31 March 2024 1,675 4,505 6,180
Net book value
At 31 March 2024 945 1,575 2,520
At 31 March 2023 560 3,691 4,251
4 Debtors 2024 2023
£ £
Trade debtors 9,963 2,844
Prepayments 13,038 299
Other debtors 2,995 2,090
25,996 5,233
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 16,803 6,987
Trade creditors 5,769 1,045
VAT 14,770 12,375
Taxation and social security costs 38,934 31,478
Directors current account 5,551 6,835
Accruals 2,091 1,365
Other creditors - 8,526
83,918 68,611
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,710 29,150
7 Other information
Twenty Two Positive Limited is a private company limited by shares and incorporated in England. Its registered office is:
Pluto House, Office G9
6 Vale Avenue
Royal Tunbridge Wells
Kent
TN1 1DJ
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