Positive Perspective Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03756572 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

POSITIVE PERSPECTIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K F Posner

Mrs S E Posner

SECRETARY:

Mrs S E Posner

REGISTERED OFFICE:

The Coach House

Henfold Lane

South Holmwood

Dorking

Surrey

RH5 4NX

REGISTERED NUMBER:

03756572 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

The Atrium Business Centre

Curtis Road

Dorking

Surrey

RH4 1XA

FIXED ASSETS

Intangible assets

4

-

6,000

Tangible assets

5

2,792

2,747

2,792

8,747

CURRENT ASSETS

Debtors

6

15,932

41,449

Cash at bank

45,401

21,224

61,333

62,673

CREDITORS

Amounts falling due within one year

7

33,731

59,837

NET CURRENT ASSETS

27,602

2,836

TOTAL ASSETS LESS CURRENT LIABILITIES

30,394

11,583

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

30,392

11,581

SHAREHOLDERS' FUNDS

30,394

11,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2022 and were signed on its behalf by:

K F Posner - Director

1.	STATUTORY INFORMATION

Positive Perspective Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the ordinary activity of the business during the year under review, excluding discounts and value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been fully amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

60,000

AMORTISATION

At 1 July 2021

54,000

Charge for year

6,000

At 30 June 2022

60,000

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

6,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

7,753

Additions

973

At 30 June 2022

8,726

DEPRECIATION

At 1 July 2021

5,006

Charge for year

928

At 30 June 2022

5,934

NET BOOK VALUE

At 30 June 2022

2,792

At 30 June 2021

2,747

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Trade debtors

15,643

40,401

Other debtors

289

1,048

15,932

41,449

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Taxation and social security

31,385

22,834

Other creditors

2,346

37,003

33,731

59,837