Positive Angle Media Limited
Registered number: 05863384
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 11,960 15,946
Current assets
Debtors 4 32,425 34,802
Cash at bank and in hand 90,850 66,377
123,275 101,179
Creditors: amounts falling due within one year 5 (19,099) (14,304)
Net current assets 104,176 86,875
25838.8
Net assets 116,136 102,821 2485.18
Capital and reserves
Called up share capital 2 2
Profit and loss account 116,134 102,819
Shareholders' funds 116,136 102,821
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Smith
Director
Approved by the board on 25 July 2025
Positive Angle Media Limited
Notes to the Accounts
for the year ended 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets on a reduced balance basis.
Plant and machinery 25% reducing balance
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office & studio equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2024 109,120 33,466 142,586
At 30 June 2025 109,120 33,466 142,586
Depreciation
At 1 July 2024 101,115 25,525 126,640
Charge for the year 2,001 1,985 3,986
At 30 June 2025 103,116 27,510 130,626
Net book value
At 30 June 2025 6,004 5,956 11,960
At 30 June 2024 8,005 7,941 15,946
4 Debtors 2025 2024
£ £
Trade debtors 32,425 34,802
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 730 4,087
Corporation tax 6,724 508
Other taxes and social security costs 2,767 3,710
Other creditors 8,878 5,999
19,099 14,304
6 Other information
Positive Angle Media Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Kelvin Avenue
London
N13 4TG
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