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REGISTERED NUMBER: 10512050 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A POSITIVE MIND LIMITED

A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A POSITIVE MIND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs M E Dalley





REGISTERED OFFICE: Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ





REGISTERED NUMBER: 10512050 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,627 36,093

CURRENT ASSETS
Debtors 5 13,595 5,770
Cash at bank 3,940 10,489
17,535 16,259
CREDITORS
Amounts falling due within one year 6 43,633 16,456
NET CURRENT LIABILITIES (26,098 ) (197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,529

35,896

CREDITORS
Amounts falling due after more than one
year

7

-

(29,742

)

PROVISIONS FOR LIABILITIES (5,624 ) (6,858 )
NET LIABILITIES (2,095 ) (704 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (2,195 ) (804 )
SHAREHOLDERS' FUNDS (2,095 ) (704 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





Mrs M E Dalley - Director


A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A Positive Mind Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Property, plant and equipment - 25% straight line basis and 25% reducing balance method

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 63,253
Additions 4,350
At 31 December 2023 67,603
DEPRECIATION
At 1 January 2023 27,160
Charge for year 10,816
At 31 December 2023 37,976
NET BOOK VALUE
At 31 December 2023 29,627
At 31 December 2022 36,093

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 46,795
DEPRECIATION
At 1 January 2023 13,161
Charge for year 8,409
At 31 December 2023 21,570
NET BOOK VALUE
At 31 December 2023 25,225
At 31 December 2022 33,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,595 5,770

A POSITIVE MIND LIMITED (REGISTERED NUMBER: 10512050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 29,742 3,081
Trade creditors 63 47
Taxation and social security 951 906
Other creditors 12,877 12,422
43,633 16,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 29,742

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

9. RELATED PARTY DISCLOSURES

Included within other creditors are loans from the director totalling £11,552 (2022: £10,992). These loans are interest free and repayable on demand.

10. GOING CONCERN

As at 31st December 2023 the company's current liabilities exceeded current assets, thereby indicating the existence of some uncertainty over the company's ability to continue as a going concern. The director believes the company has the necessary financial support and for this reason does not anticipate a curtailment in the company's operations within 12 months from the point of signing.