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REGISTERED NUMBER: 06303579 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

POSITIVE MEDIA PROMOTIONS LTD

POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POSITIVE MEDIA PROMOTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J D Carlisle
D M Henry
Mrs J K F Carlisle
Mrs D E Henry





SECRETARY: J D Carlisle





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 06303579 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,241 4,684
4,241 4,684

CURRENT ASSETS
Debtors 6 249,025 284,134
Cash at bank and in hand 43,889 120,589
292,914 404,723
CREDITORS
Amounts falling due within one year 7 228,787 287,341
NET CURRENT ASSETS 64,127 117,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,368

122,066

CREDITORS
Amounts falling due after more than one year 8 (25,000 ) (45,000 )

PROVISIONS FOR LIABILITIES (1,060 ) (1,171 )
NET ASSETS 42,308 75,895

CAPITAL AND RESERVES
Called up share capital 9 537 537
Capital redemption reserve 463 463
Retained earnings 41,308 74,895
SHAREHOLDERS' FUNDS 42,308 75,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:




J D Carlisle - Director



D M Henry - Director


POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Positive Media Promotions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,080
AMORTISATION
At 1 April 2023
and 31 March 2024 15,080
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 5,755 31,794 37,549
Additions 215 1,274 1,489
At 31 March 2024 5,970 33,068 39,038
DEPRECIATION
At 1 April 2023 5,618 27,247 32,865
Charge for year 132 1,800 1,932
At 31 March 2024 5,750 29,047 34,797
NET BOOK VALUE
At 31 March 2024 220 4,021 4,241
At 31 March 2023 137 4,547 4,684

POSITIVE MEDIA PROMOTIONS LTD (REGISTERED NUMBER: 06303579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 243,950 279,059
Other debtors 1,075 1,075
Directors' loan accounts 4,000 4,000
249,025 284,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 117,956 171,353
Corporation tax 58,604 55,005
Social security and other taxes 24,876 25,890
Other creditors 4,501 12,114
Accrued expenses 2,850 2,979
228,787 287,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 25,000 45,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,370 Ordinary 0.10 537 537

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D M Henry
Balance outstanding at start of year 4,000 4,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 4,000

The above loan is interest free.