Registered number
13256922
Positive Traction Ltd
Filleted Accounts
31 July 2025
Positive Traction Ltd
Registered number: 13256922
Balance Sheet
as at 31 July 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 610 440
Tangible assets 4 965,069 964,080
965,679 964,520
Current assets
Stocks 221,741 -
Debtors 5 44,914 706
Cash at bank and in hand 33,775 1,354
300,430 2,060
Creditors: amounts falling due within one year 6 (221,073) (203,504)
Net current assets/(liabilities) 79,357 (201,444)
Total assets less current liabilities 1,045,036 763,076
Creditors: amounts falling due after more than one year 7 (177,160) -
Net assets 867,876 763,076
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 769,400 769,400
Profit and loss account 98,376 (6,424)
Shareholders' funds 867,876 763,076
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.
A J Gregory
Director
Approved by the board on 8 August 2025
Positive Traction Ltd
Notes to the Accounts
for the period from 1 April 2024 to 31 July 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 (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 440
Additions 170
At 31 July 2025 610
Amortisation
At 31 July 2025 -
Net book value
At 31 July 2025 610
At 31 March 2024 440
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 966,600
Additions 2,309
At 31 July 2025 968,909
Depreciation
At 1 April 2024 2,520
Charge for the period 1,320
At 31 July 2025 3,840
Net book value
At 31 July 2025 965,069
At 31 March 2024 964,080
5 Debtors 2025 2024
£ £
Other debtors 44,914 706
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,426 -
Trade creditors 207,184 2,029
Taxation and social security costs 5,391 -
Other creditors 7,072 201,475
221,073 203,504
7 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 177,160 -
8 Revaluation reserve 2025 2024
£ £
At 1 April 2024 769,400 -
Gain on revaluation of land and buildings - 769,400
At 31 July 2025 769,400 769,400
9 Other information
Positive Traction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
40 Clarence Road
Chesterfield
Derbyshire
S40 1LQ
Positive Traction Ltd 13256922 false 2024-04-01 2025-07-31 2025-07-31 VT Final Accounts April 2025 A J Gregory No description of principal activity 13256922 2023-04-01 2024-03-31 13256922 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 13256922 core:WithinOneYear 2024-03-31 13256922 core:AfterOneYear 2024-03-31 13256922 core:ShareCapital 2024-03-31 13256922 core:OtherReservesSubtotal 2024-03-31 13256922 core:RetainedEarningsAccumulatedLosses 2024-03-31 13256922 core:RevaluationReserve 2023-03-31 13256922 2024-04-01 2025-07-31 13256922 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-07-31 13256922 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-07-31 13256922 bus:Director40 2024-04-01 2025-07-31 13256922 1 2024-04-01 2025-07-31 13256922 2 2024-04-01 2025-07-31 13256922 core:Goodwill 2024-04-01 2025-07-31 13256922 core:PlantMachinery 2024-04-01 2025-07-31 13256922 core:RevaluationReserve core:LandBuildings 2024-04-01 2025-07-31 13256922 countries:England 2024-04-01 2025-07-31 13256922 bus:FRS102 2024-04-01 2025-07-31 13256922 bus:FilletedAccounts 2024-04-01 2025-07-31 13256922 2025-07-31 13256922 core:WithinOneYear 2025-07-31 13256922 core:AfterOneYear 2025-07-31 13256922 core:ShareCapital 2025-07-31 13256922 core:OtherReservesSubtotal 2025-07-31 13256922 core:RetainedEarningsAccumulatedLosses 2025-07-31 13256922 core:Goodwill 2025-07-31 13256922 core:PlantMachinery 2025-07-31 13256922 core:RevaluationReserve 2025-07-31 13256922 2024-03-31 13256922 core:Goodwill 2024-03-31 13256922 core:PlantMachinery 2024-03-31 13256922 core:RevaluationReserve 2024-03-31 iso4217:GBP xbrli:pure