POSITIVE PAYROLL LIMITED

POSITIVE PAYROLL LIMITED
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

POSITIVE PAYROLL LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,202	1,373
		1,202	1,373
Current assets
Debtors: amounts falling due within one year		18,463	26,356
Cash at bank and in hand		2,140	763
		20,603	27,119
Creditors: amount falling due within one year		(9,926)	(9,432)
Net current assets		10,677	17,687

Total assets less current liabilities		11,879	19,060
Creditors: amount falling due after more than one year		(6,568)	(11,677)
Provisions for liabilities		(216)	(247)
Net assets		5,095	7,136

Capital and reserves
Called up share capital	4	10	10
Profit and loss account		5,085	7,126
Shareholders' funds		5,095	7,136

For the 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 09 December 2025 and were signed on its behalf by:

-------------------------------
Leslie Wildman
Director

1

POSITIVE PAYROLL LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

POSITIVE PAYROLL LIMITED is a private company, limited by shares, registered in , registration number 05077186, registration address SUITE 10 OLD MARSH FARM BARNS WELSH ROAD, SEALAND DEESIDE, CH5 2LY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 5 (2024 : 5).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 April 2024	18,732	18,732
Additions	230	230
Disposals	-	-
At 31 March 2025	18,962	18,962
Depreciation
At 01 April 2024	17,359	17,359
Charge for year	401	401
On disposals	-	-
At 31 March 2025	17,760	17,760
Net book values
Closing balance as at 31 March 2025	1,202	1,202
Opening balance as at 01 April 2024	1,373	1,373

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
10 Class A shares of £1.00 each	10		10
	10		10

2

Registered Number: 05077186

Abridged Accounts

for the year ended 31 March 2025
for
POSITIVE PAYROLL LIMITED