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REGISTERED NUMBER: 04040248 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Positive Press Limited

Positive Press Limited (Registered number: 04040248)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Positive Press Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs J Mosley





SECRETARY: Mrs J Mosley





REGISTERED OFFICE: 8 Westbourne Road
Trowbridge
Wiltshire
BA14 0AJ





REGISTERED NUMBER: 04040248 (England and Wales)

Positive Press Limited (Registered number: 04040248)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 42,750 51,750
Tangible assets 5 586 781
43,336 52,531

CURRENT ASSETS
Stocks 600 5,663
Debtors 6 3,497 7,078
Cash at bank 597 23,295
4,694 36,036
CREDITORS
Amounts falling due within one year 7 21,519 19,493
NET CURRENT (LIABILITIES)/ASSETS (16,825 ) 16,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,511

69,074

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,411 68,974
26,511 69,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





Mrs J Mosley - Director


Positive Press Limited (Registered number: 04040248)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Positive Press Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 24% on reducing balance
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Positive Press Limited (Registered number: 04040248)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 180,000
AMORTISATION
At 1 August 2023 128,250
Charge for year 9,000
At 31 July 2024 137,250
NET BOOK VALUE
At 31 July 2024 42,750
At 31 July 2023 51,750

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 4,637 65,814 70,451
DEPRECIATION
At 1 August 2023 4,637 65,033 69,670
Charge for year - 195 195
At 31 July 2024 4,637 65,228 69,865
NET BOOK VALUE
At 31 July 2024 - 586 586
At 31 July 2023 - 781 781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,559 5,188
Other debtors 938 1,890
3,497 7,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,895 -
Trade creditors 83 1,535
Taxation and social security 1,113 3,458
Other creditors 18,428 14,500
21,519 19,493

8. RELATED PARTY DISCLOSURES

At the year end the company owed £12,604 (2023 - £498) to the director, Ms J Mosley. This amount is disclosed within other creditors.