Registered number
07154658
THINK POSITIVE ANTONIO MARSOCCI LTD
Unaudited Filleted Accounts
29 February 2024
THINK POSITIVE ANTONIO MARSOCCI LTD
Registered number: 07154658
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 16,290 18,650
Cash at bank and in hand 16,854 11,213
33,144 29,863
Creditors: amounts falling due within one year 4 (32,934) (29,450)
Net current assets 210 413
Net assets 210 413
Capital and reserves
Called up share capital 100 100
Profit and loss account 110 313
Shareholder's funds 210 413
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Antonio Marsocci
Director
Approved by the board on 9 July 2024
THINK POSITIVE ANTONIO MARSOCCI LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 6,640 8,700
Other debtors 9,650 9,950
16,290 18,650
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,291 2,143
Corporation tax 9,791 6,049
Other taxes and social security costs 9,152 3,722
Other creditors - 636
Bounce back loan 11,700 16,900
32,934 29,450
5 Controlling party
The Company was controlled throughout the year by the director by virtue of the fact that he owns the ordinary shares.
6 Other information
THINK POSITIVE ANTONIO MARSOCCI LTD is a private company limited by shares and incorporated in England. Its registered office is:
90 Brixton Hill
London
SW2 1QN
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