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Registration number: 02401431

Positive Image Communications Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 May 2025

Positive Image Communications Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 7

Positive Image Communications Limited

Company Information

Directors | Mrs T Ferguson G C Ferguson

Company secretary | G C Ferguson

Registered office | Suite 1B1 Argyle House Northside Joel Street Northwood Hills HA6 1NW

Positive Image Communications Limited

(Registration number: 02401431)
Abridged Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 147,482 | 175,355
Current assets |  |  |
Debtors |  | 65,376 | 154,971
Cash at bank and in hand |  | 29,734 | 207,473
|  | 95,110 | 362,444
Creditors: Amounts falling due within one year |  | (203,385) | (441,008)
Net current liabilities |  | (108,275) | (78,564)
Total assets less current liabilities |  | 39,207 | 96,791
Creditors: Amounts falling due after more than one year |  | (1,295) | (11,472)
Provisions for liabilities |  | (36,452) | (43,421)
Net assets |  | 1,460 | 41,898
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 460 | 40,898
Shareholders' funds |  | 1,460 | 41,898

For the financial year ending 31 May 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; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Positive Image Communications Limited

(Registration number: 02401431)
Abridged Balance Sheet as at 31 May 2025

Approved and authorised by the Board on 22 January 2026 and signed on its behalf by:

......................................... G C Ferguson Company secretary and director |  |

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Building improvements | 10% on cost
Lease | straight line over 2 years
Plant and machinery | 15% on reducing balance method
Furniture, fixtures and equipment | 15% on reducing balance method
Computer equipment | 33% on reducing balance method or cost
Motor vehicles | 25% on reducing balance method

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

3 | Tangible assets

| Short leasehold land and buildings £ | Properties under construction £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 June 2024 | 530 | 79,167 | 71,228 | 294,242 | 129,943
Additions | - | - | 1,166 | - | -
At 31 May 2025 | 530 | 79,167 | 72,394 | 294,242 | 129,943
Depreciation
At 1 June 2024 | 530 | 79,167 | 62,109 | 169,548 | 109,284
Charge for the year | - | - | 1,503 | 17,590 | 3,847
At 31 May 2025 | 530 | 79,167 | 63,612 | 187,138 | 113,131
Carrying amount
At 31 May 2025 | - | - | 8,782 | 107,104 | 16,812
At 31 May 2024 | - | - | 9,119 | 124,694 | 20,659

| Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 183,445 | 758,555
Additions | - | 1,166
At 31 May 2025 | 183,445 | 759,721
Depreciation
At 1 June 2024 | 162,562 | 583,200
Charge for the year | 6,099 | 29,039
At 31 May 2025 | 168,661 | 612,239
Carrying amount
At 31 May 2025 | 14,784 | 147,482
At 31 May 2024 | 20,883 | 175,355

Positive Image Communications Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.

4 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000