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Registered number: 04506172










Positive Momentum Limited








Unaudited

Financial statements

For the Year Ended 31 March 2025

 
Positive Momentum Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Positive Momentum Limited for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Positive Momentum Limited for the year ended 31 March 2025 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of Positive Momentum Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Positive Momentum Limited and state those matters that we have agreed to state to the board of directors of Positive Momentum Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Positive Momentum Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Positive Momentum Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Positive Momentum Limited. You consider that Positive Momentum Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Positive Momentum 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 financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
22 July 2025
Page 1

 
Positive Momentum Limited
Registered number: 04506172

Balance sheet
As at 31 March 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,838
53,416

  
23,838
53,416

Current assets
  

Debtors: amounts falling due within one year
 5 
520,353
582,878

Cash at bank and in hand
 6 
740,572
782,880

  
1,260,925
1,365,758

Creditors: amounts falling due within one year
 7 
(675,754)
(764,687)

Net current assets
  
 
 
585,171
 
 
601,071

Total assets less current liabilities
  
609,009
654,487

  

Net assets
  
609,009
654,487


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
609,008
654,486

  
609,009
654,487


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Crabtree
R Crabtree
Director
Director
Date: 17 July 2025


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Positive Momentum Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2025

1.


General information

Positive Momentum Limited (the 'company') is a limited company incorporated and domiciled in England & Wales. The address of its registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The company's principal activity is that of sales and business development consultancy.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of consultancy services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Computer equipment
-
33%
reducing balance
Other fixed assets
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
Positive Momentum Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2025

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
Positive Momentum Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2025

2.Accounting policies (continued)

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2024 - 13).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2024
82,000
26,614
40,417
149,031



At 31 March 2025

82,000
26,614
40,417
149,031



Depreciation


At 1 April 2024
61,500
16,433
17,682
95,615


Charge for the year on owned assets
20,500
3,394
5,684
29,578



At 31 March 2025

82,000
19,827
23,366
125,193



Net book value



At 31 March 2025
-
6,787
17,051
23,838



At 31 March 2024
20,500
10,181
22,735
53,416


5.


Debtors

2025
2024
£
£


Trade debtors
520,353
582,033

Prepayments and accrued income
-
845

520,353
582,878


Page 5

 
Positive Momentum Limited
 

 
Notes to the financial statements
For the Year Ended 31 March 2025

6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
740,572
782,880



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
356,946
299,335

Corporation tax
148,937
200,489

Other taxation and social security
65,173
40,814

Other creditors
17,275
14,732

Accruals and deferred income
87,423
209,317

675,754
764,687



8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £87,475 (2024: £83,806). At the balance sheet date £2,457 was payable to the fund (2024: £199).


9.


Controlling party

The company is controlled by the directors.

Page 6