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Registered number: 06830710

POSITANO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

Prepared By:
Hope Jones
Chartered Accountants
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

POSITANO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
DIRECTORS
Mr N Bellisario
SECRETARY
Miss J Bellisario
REGISTERED OFFICE
Unit A11 Setters Farm
Mount Pleasant Lane
Lymington
Hampshire
SO41 8LS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06830710
ACCOUNTANTS
Hope Jones
Chartered Accountants
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

POSITANO LIMITED

ACCOUNTS
FOR THEYEARENDED29 FEBRUARY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

POSITANO LIMITED

BALANCE SHEET AT 29 February 2024
20242023
Notes££
FIXED ASSETS
Tangible assets2764,208686,696
CURRENT ASSETS
Stock42,34993,751
Debtors486,831144,070
Cash at bank and in hand14949,594
129,329287,415
CREDITORS: Amounts falling due within one year5489,866511,765
NET CURRENT LIABILITIES(360,537)(224,350)
TOTAL ASSETS LESS CURRENT LIABILITIES403,671462,346
CREDITORS: Amounts falling due after more than one year6232,093275,675
PROVISIONS FOR LIABILITIES AND CHARGES8144,470104,032
NET ASSETS27,10882,639
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account27,00882,539
SHAREHOLDERS' FUNDS27,10882,639
For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21 November 2024 and signed on their behalf by
.............................
Mr N Bellisario
Director

POSITANO LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

POSITANO LIMITED

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 1 March 20231,315,1681,10110,153184,2631,510,685
Additions421,518--16,500438,018
Disposals(197,600)--(18,700)(216,300)
At 29 February 20241,539,0861,10110,153182,0631,732,403
Depreciation
At 1 March 2023705,4509985,831111,710823,989
Disposals(150,546)--(18,700)(169,246)
For the year272,499261,08039,847313,452
At 29 February 2024827,4031,0246,911132,857968,195
Net Book Amounts
At 29 February 2024711,683773,24249,206764,208
At 28 February 2023609,7181034,32272,553686,696
3. STOCK 20242023
££
Stock comprises:
Stock42,34993,751
42,34993,751
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors38,05469,411
UK corporation tax8181
Other debtors26,10527,347
Directors current account N Bellisario22,59147,231
86,831144,070

POSITANO LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT9,78564,114
PAYE control2,3452,718
NIC control3,1716,348
Directors current account Mrs J Bellisario122,169
Loans50,00050,000
Hire purchase296,316319,085
Trade creditors55,58664,608
Other creditors70,451723
Accruals2,2002,000
489,866511,765
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr12,50062,500
Hire purchase over 1 Year219,593213,175
232,093275,675
7. EMPLOYEES
20242023
No.No.
Average number of employees416
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation144,470104,032
144,470104,032

POSITANO LIMITED

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
The company is controlled by the director who owns all of the issued share capital of the company.