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Company Registration No. 10097676 (England and Wales)
Positive Electrics Trading Ltd Unaudited accounts for the year ended 31 July 2024
Positive Electrics Trading Ltd Unaudited accounts Contents
Page
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Positive Electrics Trading Ltd Company Information for the year ended 31 July 2024
Director
James Cowie
Secretary
Solvejg Cowie
Company Number
10097676 (England and Wales)
Registered Office
44 Flintson Avenue New Whittington Chesterfield S43 2DS England
Accountants
Accsafe Ltd T/A D&K Accounting Office 2, The Beehive Bawtry Hall Bawtry South Yorkshire DN10 6JH
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Positive Electrics Trading Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,287 
24,456 
Current assets
Debtors
41,790 
35,700 
Cash at bank and in hand
41,491 
64,252 
83,281 
99,952 
Creditors: amounts falling due within one year
(60,615)
(57,386)
Net current assets
22,666 
42,566 
Net assets
52,953 
67,022 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
52,933 
67,002 
Shareholders' funds
52,953 
67,022 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
James Cowie Director Company Registration No. 10097676
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Positive Electrics Trading Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Positive Electrics Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 10097676. The registered office is 44 Flintson Avenue New Whittington, Chesterfield, S43 2DS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33% Straight Line Method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
3,261 
60,846 
556 
64,663 
Additions
- 
12,492 
- 
12,492 
At 31 July 2024
3,261 
73,338 
556 
77,155 
Depreciation
At 1 August 2023
3,261 
36,635 
311 
40,207 
Charge for the year
- 
6,573 
88 
6,661 
At 31 July 2024
3,261 
43,208 
399 
46,868 
Net book value
At 31 July 2024
- 
30,130 
157 
30,287 
At 31 July 2023
- 
24,211 
245 
24,456 
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Positive Electrics Trading Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,372 
4,282 
Other debtors
31,418 
31,418 
41,790 
35,700 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,985 
13,006 
Trade creditors
15,737 
11,395 
Taxes and social security
4,860 
11,600 
Other creditors
2,798 
16,944 
Loans from directors
28,235 
1,159 
Accruals
- 
3,282 
60,615 
57,386 
7
Average number of employees
During the year the average number of employees was 6 (2023: 7).
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