REGISTERED NUMBER:
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POINT SOLUTIONS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2022 |
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REGISTERED NUMBER:
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POINT SOLUTIONS LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2022 |
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POINT SOLUTIONS LIMITED (REGISTERED NUMBER: 02992661) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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POINT SOLUTIONS LIMITED |
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COMPANY INFORMATION |
for the year ended 30 April 2022 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Station House |
Connaught Road |
Brookwood |
Woking |
Surrey |
GU24 0ER |
POINT SOLUTIONS LIMITED (REGISTERED NUMBER: 02992661) |
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BALANCE SHEET |
30 April 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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POINT SOLUTIONS LIMITED (REGISTERED NUMBER: 02992661) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2022 |
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1. | STATUTORY INFORMATION |
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Point Solutions Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. Income is recognised in the month that the service is provided. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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POINT SOLUTIONS LIMITED (REGISTERED NUMBER: 02992661) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2021 |
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Disposals |
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At 30 April 2022 |
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DEPRECIATION |
At 1 May 2021 |
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Charge for year |
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Eliminated on disposal |
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At 30 April 2022 |
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NET BOOK VALUE |
At 30 April 2022 |
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At 30 April 2021 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts | 148,467 | 154,196 |
Tax |
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The tax recoverable is due after more than 12 months from the balance sheet date. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 955 | 2,131 |
Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary £1 shares | £1 | 100 | 100 |
POINT SOLUTIONS LIMITED (REGISTERED NUMBER: 02992661) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2022 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 May 2021 |
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Profit for the year |
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At 30 April 2022 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021: |
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2022 | 2021 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | ULTIMATE CONTROLLING PARTY |
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The director and shareholdr Mr D J Green is the ultimate controlling party. |