POSITIVE DYSLEXIA LIMITED
Registered number: 10082006
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,661 8,982
Current assets
Debtors 4 26,016 5,659
Cash at bank and in hand 17,298 6,648
43,314 12,307
Creditors: amounts falling due within one year 5 (15,849) (8,425)
Net current assets 27,465 3,882
Total assets less current liabilities 35,126 12,864
Provisions for liabilities (547) (571)
Net assets 34,579 12,293
Capital and reserves
Called up share capital 100 100
Profit and loss account 34,479 12,193
Shareholder's funds 34,579 12,293
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 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.
KATRINA COCHRANE Date
Director
Approved by the board on 6 October 2024
POSITIVE DYSLEXIA 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:
Garden office over 10 years
Office equipment 25% reducing balance
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 Tangible fixed assets
Land and buildings Office equipment Total
£ £ £
Cost
At 1 April 2023 11,956 10,807 22,763
Additions - 833 833
At 31 March 2024 11,956 11,640 23,596
Depreciation
At 1 April 2023 5,978 7,803 13,781
Charge for the year 1,196 958 2,154
At 31 March 2024 7,174 8,761 15,935
Net book value
At 31 March 2024 4,782 2,879 7,661
At 31 March 2023 5,978 3,004 8,982
4 Debtors 2024 2023
£ £
Trade debtors 26,016 5,659
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,329 1,088
Corporation tax 7,047 5,874
Other taxes and social security costs 7,262 976
Other creditors 211 487
15,849 8,425
6 Controlling party
Katrina Cochrance is the controlling party by virtue of holding 100% of the company's issued share capital.
7 Other information
POSITIVE DYSLEXIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
CROWN LODGE
THE GREEN
ENGLEFIELD GREEN
SURREY
TW20 0YX
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