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REGISTERED NUMBER: 05378942 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Contrapositive Limited

Contrapositive Limited (Registered number: 05378942)






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


Contrapositive Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Ciarleglio
B Edge





REGISTERED OFFICE: 279-283 Greenwich High Road
Greenwich
London
SE10 8NB





REGISTERED NUMBER: 05378942 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Contrapositive Limited (Registered number: 05378942)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 58,632 12,097

CURRENT ASSETS
Debtors 5 294,370 408,407
Cash at bank and in hand 560,953 480,246
855,323 888,653
CREDITORS
Amounts falling due within one year 6 (433,250 ) (430,130 )
NET CURRENT ASSETS 422,073 458,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,705

470,620

CREDITORS
Amounts falling due after more than one
year

7

(57,107

)

(51,255

)

PROVISIONS FOR LIABILITIES (11,121 ) (2,275 )
NET ASSETS 412,477 417,090

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 412,177 416,790
SHAREHOLDERS' FUNDS 412,477 417,090

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.

Contrapositive Limited (Registered number: 05378942)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





R Ciarleglio - Director


Contrapositive Limited (Registered number: 05378942)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Contrapositive 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.
Plant and machinery - 33% on cost
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 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.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

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.

Contrapositive Limited (Registered number: 05378942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2023 3,250 2,083 27,339
Additions - - -
At 31 March 2024 3,250 2,083 27,339
DEPRECIATION
At 1 April 2023 3,250 1,388 27,235
Charge for year - 695 104
At 31 March 2024 3,250 2,083 27,339
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - 695 104

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 - 212,003 244,675
Additions 56,590 3,898 60,488
At 31 March 2024 56,590 215,901 305,163
DEPRECIATION
At 1 April 2023 - 200,705 232,578
Charge for year 4,716 8,438 13,953
At 31 March 2024 4,716 209,143 246,531
NET BOOK VALUE
At 31 March 2024 51,874 6,758 58,632
At 31 March 2023 - 11,298 12,097

Contrapositive Limited (Registered number: 05378942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
Additions 56,590
At 31 March 2024 56,590
DEPRECIATION
Charge for year 4,716
At 31 March 2024 4,716
NET BOOK VALUE
At 31 March 2024 51,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 187,105 320,510
Other debtors 107,265 87,897
294,370 408,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 33,742 32,100
Hire purchase contracts (see note 8) 5,996 -
Trade creditors 37,888 25,901
Taxation and social security 205,713 231,482
Other creditors 149,911 140,647
433,250 430,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 17,513 51,255
Hire purchase contracts (see note 8) 39,594 -
57,107 51,255

Contrapositive Limited (Registered number: 05378942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£ £
Net obligations repayable:
Within one year 5,996 -
Between one and five years 39,594 -
45,590 -

Non-cancellable
operating leases
31.3.24 31.3.23
£ £
Within one year 2,917 35,000
Between one and five years - 2,917
2,917 37,917

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
300 Ordinary £1 300 300

Contrapositive Limited (Registered number: 05378942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

Mr R Ciarleglio - Director and shareholder in the company.

Dividends of £78,400 (2023 - £78,467) were declared and paid to Mr R Ciarleglio.

At the year end, the company owed £1,963 (2023 - £1,655) to Mr R Ciarleglio.


Mr B Edge - Director and shareholder in the company.

Dividends of £78,400 (2023 - £78,467) were declared and paid to Mr B Edge.

At the year end, the company owed £2,145 (2023 - £1,833) to Mr B Edge.


Mrs C Ciarleglio - Shareholder in the company.

Dividends of £39,200 (2023 - £39,233) were declared and paid to Mrs C Ciarleglio.

At the year end, the company owed £223 (2023 - £223) to Mrs C Ciarleglio.


Mrs S Edge - Shareholder in the company.

Dividends of £39,200 (2023 - £39,233) were declared and paid to Mrs S Edge.

At the year end, the company owed £401 (2023 - £401) to Mrs S Edge.


All of the above loans are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr R Ciarleglio and Mr B Edge, by virtue of their equal shareholdings.