Registered number
13310680
Pawsitivetribe Ltd
Filleted Accounts
30 April 2024
Pawsitivetribe Ltd
Registered number: 13310680
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 147 163
Tangible assets 4 15,155 1,122
15,302 1,285
Current assets
Debtors 5 2,741 -
Cash at bank and in hand 17,403 5,057
20,144 5,057
Creditors: amounts falling due within one year 6 (14,356) (4,143)
Net current assets 5,788 914
Total assets less current liabilities 21,090 2,199
Provisions for liabilities (2,907) -
Net assets 18,183 2,199
Capital and reserves
Called up share capital 1 1
Profit and loss account 18,182 2,198
Shareholders' funds 18,183 2,199
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Goncalo Repas Salvador De Oliveira
Director
Approved by the board on 31 January 2025
Pawsitivetribe Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 195
At 30 April 2024 195
Amortisation
At 1 May 2023 32
Provided during the year 16
At 30 April 2024 48
Net book value
At 30 April 2024 147
At 30 April 2023 163
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 1,401 - 1,401
Additions 2,167 15,721 17,888
At 30 April 2024 3,568 15,721 19,289
Depreciation
At 1 May 2023 279 - 279
Charge for the year 711 3,144 3,855
At 30 April 2024 990 3,144 4,134
Net book value
At 30 April 2024 2,578 12,577 15,155
At 30 April 2023 1,122 - 1,122
5 Debtors 2024 2023
£ £
Trade debtors 2,456 -
Other debtors 285 -
2,741 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,743 4,110
Other creditors 4,613 33
14,356 4,143
7 Related party transactions
Included within other creditors is the amount of £4,613 owed to the director (2023 - £33). This amount is undated, unsecured, interest free and repayable upon demand.
8 Other information
Pawsitivetribe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO8 0NS
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