Positive Image Communications Limited 02401431 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of designers and producers of conferences and corporate events. Digita Accounts Production Advanced 6.30.9574.0 true 02401431 2023-06-01 2024-05-31 02401431 2024-05-31 02401431 bus:OrdinaryShareClass1 2024-05-31 02401431 core:RetainedEarningsAccumulatedLosses 2024-05-31 02401431 core:ShareCapital 2024-05-31 02401431 core:CurrentFinancialInstruments 2024-05-31 02401431 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 02401431 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 02401431 core:ConstructionInProgressAssetsUnderConstruction 2024-05-31 02401431 core:FurnitureFittings 2024-05-31 02401431 core:LandBuildings core:ShortLeaseholdAssets 2024-05-31 02401431 core:MotorVehicles 2024-05-31 02401431 core:OfficeEquipment 2024-05-31 02401431 core:PlantMachinery 2024-05-31 02401431 bus:SmallEntities 2023-06-01 2024-05-31 02401431 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 02401431 bus:AbridgedAccounts 2023-06-01 2024-05-31 02401431 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02401431 bus:RegisteredOffice 2023-06-01 2024-05-31 02401431 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 02401431 bus:Director1 2023-06-01 2024-05-31 02401431 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 02401431 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02401431 core:Buildings 2023-06-01 2024-05-31 02401431 core:ComputerEquipment 2023-06-01 2024-05-31 02401431 core:ConstructionInProgressAssetsUnderConstruction 2023-06-01 2024-05-31 02401431 core:FurnitureFittings 2023-06-01 2024-05-31 02401431 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 02401431 core:LandBuildings core:ShortLeaseholdAssets 2023-06-01 2024-05-31 02401431 core:LeaseholdImprovements 2023-06-01 2024-05-31 02401431 core:MotorVehicles 2023-06-01 2024-05-31 02401431 core:OfficeEquipment 2023-06-01 2024-05-31 02401431 core:PlantMachinery 2023-06-01 2024-05-31 02401431 countries:AllCountries 2023-06-01 2024-05-31 02401431 2023-05-31 02401431 core:ConstructionInProgressAssetsUnderConstruction 2023-05-31 02401431 core:FurnitureFittings 2023-05-31 02401431 core:LandBuildings core:ShortLeaseholdAssets 2023-05-31 02401431 core:MotorVehicles 2023-05-31 02401431 core:OfficeEquipment 2023-05-31 02401431 core:PlantMachinery 2023-05-31 02401431 2022-06-01 2023-05-31 02401431 2023-05-31 02401431 bus:OrdinaryShareClass1 2023-05-31 02401431 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-05-31 02401431 core:ShareCapital core:PreviouslyStatedAmount 2023-05-31 02401431 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-05-31 02401431 core:CurrentFinancialInstruments core:PreviouslyStatedAmount 2023-05-31 02401431 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2023-05-31 02401431 core:ConstructionInProgressAssetsUnderConstruction 2023-05-31 02401431 core:FurnitureFittings 2023-05-31 02401431 core:LandBuildings core:ShortLeaseholdAssets 2023-05-31 02401431 core:MotorVehicles 2023-05-31 02401431 core:OfficeEquipment 2023-05-31 02401431 core:PlantMachinery 2023-05-31 02401431 core:PreviouslyStatedAmount 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02401431

Positive Image Communications Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2024

 

Positive Image Communications Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Positive Image Communications Limited

Company Information

Directors

Mrs T Ferguson

G C Ferguson

Company secretary

G C Ferguson

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Positive Image Communications Limited

(Registration number: 02401431)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

175,355

196,157

Current assets

 

Debtors

129,971

216,360

Cash at bank and in hand

 

207,473

310,175

 

337,444

526,535

Creditors: Amounts falling due within one year

(441,008)

(583,105)

Net current liabilities

 

(103,564)

(56,570)

Total assets less current liabilities

 

71,791

139,587

Creditors: Amounts falling due after more than one year

(11,472)

(21,400)

Provisions for liabilities

(43,421)

(48,418)

Net assets

 

16,898

69,769

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

15,898

68,769

Shareholders' funds

 

16,898

69,769

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Positive Image Communications Limited

(Registration number: 02401431)
Abridged Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
G C Ferguson
Company secretary and director

   
     
 

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Building improvements

10% on cost

Lease

straight line over 2 years

Plant and machinery

15% on reducing balance method

Furniture, fixtures and equipment

15% on reducing balance method

Computer equipment

33% on reducing balance method or cost

Motor vehicles

25% on reducing balance method

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

3

Tangible assets

Short leasehold land and buildings
£

Properties under construction
 £

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 June 2023

530

79,167

70,511

305,961

126,763

Additions

-

-

717

9,004

3,180

Disposals

-

-

-

(20,723)

-

At 31 May 2024

530

79,167

71,228

294,242

129,943

Depreciation

At 1 June 2023

530

79,167

60,841

171,012

101,603

Charge for the year

-

-

1,268

19,259

7,681

Eliminated on disposal

-

-

-

(20,723)

-

At 31 May 2024

530

79,167

62,109

169,548

109,284

Carrying amount

At 31 May 2024

-

-

9,119

124,694

20,659

At 31 May 2023

-

-

9,670

134,949

25,160

 

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

183,445

766,377

Additions

-

12,901

Disposals

-

(20,723)

At 31 May 2024

183,445

758,555

Depreciation

At 1 June 2023

157,067

570,220

Charge for the year

5,495

33,703

Eliminated on disposal

-

(20,723)

At 31 May 2024

162,562

583,200

Carrying amount

At 31 May 2024

20,883

175,355

At 31 May 2023

26,378

196,157

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000