Positive Solutions (Northern) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03847138 (England and Wales)

Financial Statements

for the Year Ended 30 September 2017

for

Positive Solutions (Northern) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Cooke

Mrs J C Cooke

SECRETARY:

Mrs J C Cooke

REGISTERED OFFICE:

Unit 105

B1 Business Centre

Liverpool Road

Burnley

Lancashire

BB11 6HH

REGISTERED NUMBER:

03847138 (England and Wales)

ACCOUNTANTS:

Dymond Ashworth

Chartered Certified Accountants

1st Floor

98-100 Gisburn Road

Barrowford

Lancashire

BB9 6EW

FIXED ASSETS

Tangible assets

4

6,508

8,069

CURRENT ASSETS

Debtors

5

35,236

24,483

Cash at bank and in hand

6,005

6,713

41,241

31,196

CREDITORS

Amounts falling due within one year

6

43,857

37,546

NET CURRENT LIABILITIES

(2,616

)

(6,350

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,892

1,719

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,890

1,717

SHAREHOLDERS' FUNDS

3,892

1,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 18 May 2018 and were signed on its behalf by:

A Cooke - Director

1.	STATUTORY INFORMATION

Positive Solutions (Northern) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 3 (2016 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

36,053

8,639

44,692

DEPRECIATION

At 1 October 2016

31,489

5,134

36,623

Charge for year

685

876

1,561

At 30 September 2017

32,174

6,010

38,184

NET BOOK VALUE

At 30 September 2017

3,879

2,629

6,508

At 30 September 2016

4,564

3,505

8,069

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

34,646

24,483

Other debtors

590

-

35,236

24,483

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

32,694

19,185

Taxation and social security

10,262

11,317

Other creditors

901

7,044

43,857

37,546