Company Registration No. 13448262 (England and Wales)
Possibility Squared Limited
Unaudited accounts
for the year ended 30 June 2025
Possibility Squared Limited
Unaudited accounts
Contents
Possibility Squared Limited
Company Information
for the year ended 30 June 2025
Directors
S A Tattersfield
C M Tattersfield
Company Number
13448262 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Possibility Squared Limited
Accountants' report
Accountants' report to the board of directors of Possibility Squared Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Possibility Squared Limited for the year ended
30 June 2025 as set out on pages
5 -
7 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 Possibility Squared 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 Possibility Squared 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 Possibility Squared Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Possibility Squared 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 Possibility Squared Limited. You consider that Possibility Squared 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 Possibility Squared 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.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
22 August 2025
Possibility Squared Limited
Statement of financial position
as at 30 June 2025
Tangible assets
1,589
2,553
Cash at bank and in hand
107,821
83,457
Creditors: amounts falling due within one year
(110,810)
(95,604)
Net current assets
7,555
5,866
Called up share capital
1
1
Profit and loss account
9,143
8,418
Shareholders' funds
9,144
8,419
For the year ending 30 June 2025 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 22 August 2025 and were signed on its behalf by
S A Tattersfield
Director
Company Registration No. 13448262
Possibility Squared Limited
Notes to the Accounts
for the year ended 30 June 2025
Possibility Squared Limited is a private company, limited by shares, registered in England and Wales, registration number 13448262. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% straight line method
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
10,120
17,612
Accrued income and prepayments
424
401
Possibility Squared Limited
Notes to the Accounts
for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,734
495
Loans from directors
18,562
7,520
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(7,520)
(91,300)
(80,758)
(18,062)
Director Loan Account
-
(500)
-
(500)
(7,520)
(91,800)
(80,758)
(18,562)
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).