Company Registration No. 06847418 (England and Wales)
Pinpoint Manufacturing Limited
Unaudited accounts
for the year ended 31 March 2023
Pinpoint Manufacturing Limited
Unaudited accounts
Contents
Pinpoint Manufacturing Limited
Company Information
for the year ended 31 March 2023
Company Number
06847418 (England and Wales)
Registered Office
Unit 3a Crofty Industrial Estate
Penclawdd
Swansea
SA4 3RS
United Kingdom
Accountants
Gower Accountancy & Tax Advisory Services Ltd
Bryn Robin
Burry Green
Reynoldston
Swansea
SA3 1HR
Pinpoint Manufacturing Limited
Statement of financial position
as at 31 March 2023
Tangible assets
23,932
1,754
Cash at bank and in hand
51,829
126,329
Creditors: amounts falling due within one year
(65,708)
(73,779)
Net current assets
144,861
193,268
Total assets less current liabilities
168,793
195,022
Creditors: amounts falling due after more than one year
(14,518)
(20,000)
Net assets
154,275
175,022
Called up share capital
100
100
Profit and loss account
154,175
174,922
Shareholders' funds
154,275
175,022
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Sandra La Grange
Director
Company Registration No. 06847418
Pinpoint Manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
Pinpoint Manufacturing Limited is a private company, limited by shares, registered in England and Wales, registration number 06847418. The registered office is Unit 3a Crofty Industrial Estate, Penclawdd, Swansea, SA4 3RS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on cost
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pinpoint Manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
71,305
25,848
58,609
4,193
159,955
Additions
1,956
24,495
-
975
27,426
Disposals
-
(25,848)
-
-
(25,848)
At 31 March 2023
73,261
24,495
58,609
5,168
161,533
At 1 April 2022
69,549
25,850
58,608
4,194
158,201
Charge for the year
2,007
3,062
-
179
5,248
On disposals
-
(25,848)
-
-
(25,848)
At 31 March 2023
71,556
3,064
58,608
4,373
137,601
At 31 March 2023
1,705
21,431
1
795
23,932
At 31 March 2022
1,756
(2)
1
(1)
1,754
Amounts falling due within one year
Trade debtors
123,437
119,984
Accrued income and prepayments
2,610
2,381
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
5,000
Trade creditors
28,424
18,823
Taxes and social security
13,252
23,761
7
Creditors: amounts falling due after more than one year
2023
2022
Pinpoint Manufacturing Limited
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Repayment within 9 months
7,840
-
-
7,840
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).