Company Registration No. 12456278 (England and Wales)
Peterborough Positive Ltd
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with the registrar
Peterborough Positive Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Peterborough Positive Ltd
Statement of financial position
As at 31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,431
2,361
Current assets
Debtors
4
62,674
95,433
Cash at bank and in hand
377,802
322,111
440,476
417,544
Creditors: amounts falling due within one year
5
(161,571)
(43,168)
Net current assets
278,905
374,376
Total assets less current liabilities
281,336
376,737
Creditors: amounts falling due after more than one year
6
(29,187)
(51,820)
Net assets
252,149
324,917
Capital and reserves
Called up share capital
-
0
-
0
Profit and loss reserves
252,149
324,917
Total equity
252,149
324,917

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Peterborough Positive Ltd
Statement of financial position (continued)
As at 31 March 2025
2
The financial statements were approved by the board of directors and authorised for issue on 29 September 2025 and are signed on its behalf by:
S Page
Director
Company Registration No. 12456278
Peterborough Positive Ltd
Notes to the financial statements
For the year ended 31 March 2025
3
1
Accounting policies
Company information

Peterborough Positive Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor Arcade Chambers, Westgate Arcade, Peterborough, Cambridgeshire, United Kingdom, PE1 1PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
3-5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Peterborough Positive Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
4
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Peterborough Positive Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Peterborough Positive Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
6
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2024
2,980
Additions
975
At 31 March 2025
3,955
Depreciation and impairment
At 1 April 2024
619
Depreciation charged in the year
905
At 31 March 2025
1,524
Carrying amount
At 31 March 2025
2,431
At 31 March 2024
2,361
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,908
21,450
Other debtors
111
-
0
Prepayments and accrued income
52,655
73,983
62,674
95,433
Peterborough Positive Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
7
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other borrowings
25,000
26,398
Trade creditors
5,943
200
Corporation tax
1,048
350
Other taxation and social security
3,463
6,828
Other creditors
527
299
Accruals and deferred income
125,590
9,093
161,571
43,168
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other borrowings
29,187
51,820

Other borrowings represent s a loan received from Peterborough City Council.

2025-03-31 2024-04-01 false false false 29 September 2025 CCH Software CCH Accounts Production 2024.301 No description of principal activity Linay S Morarji Dinesh Odedra Sean Page G Norman W Elphinstone C Lambert D Perkins M Greene H Vacca 12456278 2024-04-01 2025-03-31 12456278 2025-03-31 12456278 2024-03-31 12456278 core:OtherPropertyPlantEquipment 2025-03-31 12456278 core:OtherPropertyPlantEquipment 2024-03-31 12456278 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12456278 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12456278 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 12456278 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12456278 core:CurrentFinancialInstruments 2025-03-31 12456278 core:CurrentFinancialInstruments 2024-03-31 12456278 core:ShareCapital 2025-03-31 12456278 core:ShareCapital 2024-03-31 12456278 core:RetainedEarningsAccumulatedLosses 2025-03-31 12456278 core:RetainedEarningsAccumulatedLosses 2024-03-31 12456278 bus:Director4 2024-04-01 2025-03-31 12456278 core:FurnitureFittings 2024-04-01 2025-03-31 12456278 2023-04-01 2024-03-31 12456278 core:OtherPropertyPlantEquipment 2024-03-31 12456278 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 12456278 core:Non-currentFinancialInstruments 2025-03-31 12456278 core:Non-currentFinancialInstruments 2024-03-31 12456278 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12456278 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12456278 bus:FRS102 2024-04-01 2025-03-31 12456278 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12456278 bus:Director1 2024-04-01 2025-03-31 12456278 bus:Director2 2024-04-01 2025-03-31 12456278 bus:Director3 2024-04-01 2025-03-31 12456278 bus:Director5 2024-04-01 2025-03-31 12456278 bus:Director6 2024-04-01 2025-03-31 12456278 bus:Director7 2024-04-01 2025-03-31 12456278 bus:Director8 2024-04-01 2025-03-31 12456278 bus:Director9 2024-04-01 2025-03-31 12456278 bus:Director10 2024-04-01 2025-03-31 12456278 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP