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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
Page
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Pinpoint Manufacturing Limited Company Information for the year ended 31 March 2023
Director
Sandra La Grange
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
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Pinpoint Manufacturing Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,932 
1,754 
Current assets
Inventories
32,693 
18,353 
Debtors
126,047 
122,365 
Cash at bank and in hand
51,829 
126,329 
210,569 
267,047 
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 
Capital and reserves
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
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Pinpoint Manufacturing Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
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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 
Depreciation
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 
Net book value
At 31 March 2023
1,705 
21,431 
1 
795 
23,932 
At 31 March 2022
1,756 
(2)
1 
(1)
1,754 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
123,437 
119,984 
Accrued income and prepayments
2,610 
2,381 
126,047 
122,365 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
5,000 
VAT
19,995 
26,195 
Trade creditors
28,424 
18,823 
Taxes and social security
13,252 
23,761 
Other creditors
4,037 
- 
65,708 
73,779 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,518 
20,000 
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Pinpoint Manufacturing Limited Notes to the Accounts for the year ended 31 March 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sandra La Grange
Repayment within 9 months
7,840 
- 
- 
7,840 
7,840 
- 
- 
7,840 
9
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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