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Company Registration No. 07793657 (England and Wales)
Posix Limited Unaudited accounts for the year ended 31 December 2024
Posix Limited Unaudited accounts Contents
Page
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Posix Limited Company Information for the year ended 31 December 2024
Directors
Richard Travers Andrew Ross Acres
Company Number
07793657 (England and Wales)
Registered Office
Suite 425 275 New North Road London N1 7AA England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Posix Limited Accountants' report
Accountants' report to the board of directors of Posix Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Posix Limited for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Posix Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Posix Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Posix Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Posix Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Posix Limited. You consider that Posix Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Posix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 19 February 2025
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Posix Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,451 
2,491 
Current assets
Inventories
921 
921 
Debtors
1,536 
421 
Cash at bank and in hand
(471)
14,364 
1,986 
15,706 
Creditors: amounts falling due within one year
(7,661)
(15,325)
Net current (liabilities)/assets
(5,675)
381 
Net assets
2,776 
2,872 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,774 
2,870 
Shareholders' funds
2,776 
2,872 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 May 2025 and were signed on its behalf by
Richard Travers Director Company Registration No. 07793657
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Posix Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Posix Limited is a private company, limited by shares, registered in England and Wales, registration number 07793657. The registered office is Suite 425, 275 New North Road, London, N1 7AA, 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:
Computer equipment
Straight Line 25%
Prior Period Adjustment
The Prior period figures have been amended to reflect the true and fair position of the business, with information that became available after the original filing.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Posix Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
21,376 
Additions
8,272 
At 31 December 2024
29,648 
Depreciation
At 1 January 2024
18,885 
Charge for the year
2,312 
At 31 December 2024
21,197 
Net book value
At 31 December 2024
8,451 
At 31 December 2023
2,491 
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Posix Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,587 
11,613 
Accrued income and prepayments
998 
- 
Other debtors
(13,049)
(11,192)
1,536 
421 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,110 
2,116 
Trade creditors
3,338 
1,541 
Taxes and social security
2,213 
4,782 
Other creditors
- 
6,886 
7,661 
15,325 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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