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POSITEETH LIMITED

Registered Number
12546428
(England and Wales)

Unaudited Financial Statements for the Period ended
29 April 2024

POSITEETH LIMITED
Company Information
for the period from 1 May 2023 to 29 April 2024

Director

STRATAKIS, Charilaos-Antzei

Registered Address

13 Clare Street
Bristol
BS1 1XH

Registered Number

12546428 (England and Wales)
POSITEETH LIMITED
Balance Sheet as at
29 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3106,158123,414
Investments47,0503,150
113,208126,564
Current assets
Stocks51,6004,200
Debtors657,34637,863
Cash at bank and on hand42,90932,863
101,85574,926
Creditors amounts falling due within one year7(136,490)(183,363)
Net current assets (liabilities)(34,635)(108,437)
Total assets less current liabilities78,57318,127
Creditors amounts falling due after one year8(40,854)(69,680)
Provisions for liabilities10(9,181)(11,850)
Net assets28,538(63,403)
Capital and reserves
Called up share capital1010
Profit and loss account28,528(63,413)
Shareholders' funds28,538(63,403)
The financial statements were approved and authorised for issue by the Director on 17 April 2025, and are signed on its behalf by:
STRATAKIS, Charilaos-Antzei
Director
Registered Company No. 12546428
POSITEETH LIMITED
Notes to the Financial Statements
for the period ended 29 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Plant and machinery25-
Fixtures and fittings25-
Office Equipment25-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 2364,26172,82916,2548,716162,060
Additions-1,2601122601,632
At 29 April 2464,26174,08916,3668,976163,692
Depreciation and impairment
At 01 May 233,21326,2466,1203,06738,646
Charge for year3,21311,6462,5571,47218,888
At 29 April 246,42637,8928,6774,53957,534
Net book value
At 29 April 2457,83536,1977,6894,437106,158
At 30 April 2361,04846,58310,1345,649123,414
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 May 233,1503,150
Additions3,9003,900
At 29 April 247,0507,050
Net book value
At 29 April 247,0507,050
At 30 April 233,1503,150

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Other stocks1,6004,200
Total1,6004,200
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,802677
Other debtors51,66134,054
Prepayments and accrued income3,8833,132
Total57,34637,863
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.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables11,15524,729
Bank borrowings and overdrafts25,29825,298
Taxation and social security12,863829
Finance lease and HP contracts9,3819,381
Other creditors65,548117,979
Accrued liabilities and deferred income12,2455,147
Total136,490183,363
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts12,81332,257
Other creditors28,04137,423
Total40,85469,680
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts28,04237,423
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9,18111,850
Total9,18111,850
11.Directors advances, credits and guarantees
The director`s current account credit balance of £37,016 (2023:£87,608) relates to the director.