Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueManagement consultancy activities other than financial management1false2023-04-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12311105 2023-04-01 2024-03-31 12311105 2021-10-01 2023-03-31 12311105 2024-03-31 12311105 2023-03-31 12311105 c:Director1 2023-04-01 2024-03-31 12311105 d:CurrentFinancialInstruments 2024-03-31 12311105 d:CurrentFinancialInstruments 2023-03-31 12311105 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12311105 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12311105 d:ShareCapital 2024-03-31 12311105 d:ShareCapital 2023-03-31 12311105 d:RetainedEarningsAccumulatedLosses 2024-03-31 12311105 d:RetainedEarningsAccumulatedLosses 2023-03-31 12311105 c:OrdinaryShareClass1 2023-04-01 2024-03-31 12311105 c:OrdinaryShareClass1 2024-03-31 12311105 c:FRS102 2023-04-01 2024-03-31 12311105 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12311105 c:FullAccounts 2023-04-01 2024-03-31 12311105 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12311105 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 12311105 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 12311105 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 12311105 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12311105










POSITIVELY LIFE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
POSITIVELY LIFE LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 5


 
POSITIVELY LIFE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF POSITIVELY LIFE LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of  for the year ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the director of Positively Life Limited in accordance with the terms of our engagement letter dated 15 February 2021Our work has been undertaken solely to prepare for your approval the financial statements of  and state those matters that we have agreed to state to the director of Positively Life Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than  and its director for our work or for this report. 

It is your duty to ensure that Positively Life Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of  Positively Life Limited. You consider that Positively Life Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
8 November 2024
Page 1

 
POSITIVELY LIFE LIMITED
REGISTERED NUMBER: 12311105

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
82
58

Cash at bank and in hand
  
9
1

  
91
59

Creditors: amounts falling due within one year
 4 
(21,470)
(18,170)

Net current liabilities
  
 
 
(21,379)
 
 
(18,111)

Total assets less current liabilities
  
(21,379)
(18,111)

  

Net liabilities
  
(21,379)
(18,111)


Capital and reserves
  

Called up share capital 
 5 
100
100

Profit and loss account
  
(21,479)
(18,211)

  
(21,379)
(18,111)


Page 2

 
POSITIVELY LIFE LIMITED
REGISTERED NUMBER: 12311105
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 November 2024.




Mrs R Williams
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
POSITIVELY LIFE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of business is Grantham, Lincolnshire. 
The company started to trade again on the 1st April 2023.
The company's principal activity was performance coaching.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared assuming that the Company will continue as a going concern. The director will continue to financially support the company 12 months from the date of these financial statements. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
POSITIVELY LIFE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Debtors

2024
2023
£
£


Prepayments and accrued income
82
58

82
58



4.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
20,270
17,570

Accruals and deferred income
1,200
600

21,470
18,170



5.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



6.


Related party transactions

As at 31 March 2024, the company owed £19,405 (31 March 2023: £17,570) to the director, as included within other creditors due within one year note 4 to the financial statements. The loan is interest free and repayable on demand.

 
Page 5