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Registered number: 06943034
Positive Automation Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06943034
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,120 1,856
3,120 1,856
CURRENT ASSETS
Debtors 5 24 1,000
Cash at bank and in hand 30,643 26,932
30,667 27,932
Creditors: Amounts Falling Due Within One Year 6 (14,925 ) (14,700 )
NET CURRENT ASSETS (LIABILITIES) 15,742 13,232
TOTAL ASSETS LESS CURRENT LIABILITIES 18,862 15,088
PROVISIONS FOR LIABILITIES
Deferred Taxation (593 ) (352 )
NET ASSETS 18,269 14,736
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 17,269 13,736
SHAREHOLDERS' FUNDS 18,269 14,736
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Colin Powell
Director
15/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Positive Automation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06943034 . The registered office is Unit 5, Avenue Business Park, Brockley Road, Elsworth, Cambridge, CB23 4EY. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes amounts invoiced by the Company in respect of licences and consultancy advice.  Consultancy is recognised as supplied and licences over the period to which the licence relates. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducung balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Dividends
Equity dividends are recognised when they become legally payable.  Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,800 4,883 9,683
Additions - 2,304 2,304
As at 30 June 2024 4,800 7,187 11,987
Depreciation
As at 1 July 2023 3,971 3,856 7,827
Provided during the period 207 833 1,040
As at 30 June 2024 4,178 4,689 8,867
Net Book Value
As at 30 June 2024 622 2,498 3,120
As at 1 July 2023 829 1,027 1,856
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,000
Other taxes and social security 24 -
24 1,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 67 1,462
Corporation tax 10,336 10,386
Other taxes and social security - 49
VAT 1,942 1,516
Accruals and deferred income 920 900
Director's loan account 1,660 387
14,925 14,700
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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