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REGISTERED NUMBER: 02050643















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Pinpoint Music Limited

Pinpoint Music Limited (Registered number: 02050643)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pinpoint Music Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr A J Atkinson





SECRETARY: Mrs H M Atkinson





REGISTERED OFFICE: The Birches
Pylands Lane
Bursledon
Southampton
Hampshire
SO31 1BH





REGISTERED NUMBER: 02050643





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Pinpoint Music Limited (Registered number: 02050643)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,410 8,739

CURRENT ASSETS
Stocks 5 3,500 3,000
Debtors 6 7,402 4,497
Cash at bank and in hand 29,709 44,035
40,611 51,532
CREDITORS
Amounts falling due within one year 7 7,667 15,365
NET CURRENT ASSETS 32,944 36,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,354

44,906

CREDITORS
Amounts falling due after more than one
year

8

13,828

17,667
NET ASSETS 25,526 27,239

CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Retained earnings 10 24,026 25,739
SHAREHOLDERS' FUNDS 25,526 27,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Pinpoint Music Limited (Registered number: 02050643)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:





Mr A J Atkinson - Director


Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Pinpoint Music Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements have been prepared under the Going Concern basis due to the continuing support of the company's bank and director.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 1 (2022 - 1 ) .

Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 24,473 8,573 18,574 5,633 57,253
Additions - - - 337 337
At 28 February 2023 24,473 8,573 18,574 5,970 57,590
DEPRECIATION
At 1 March 2022 23,084 8,376 13,677 3,377 48,514
Charge for year 347 49 1,224 1,046 2,666
At 28 February 2023 23,431 8,425 14,901 4,423 51,180
NET BOOK VALUE
At 28 February 2023 1,042 148 3,673 1,547 6,410
At 28 February 2022 1,389 197 4,897 2,256 8,739

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 3,500 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,864 1,410
Other debtors 1,652 1,652
Prepayments 1,886 1,435
7,402 4,497

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors (153 ) 60
Corporation tax 2,936 6,078
VAT 3,596 4,604
Other creditors 40 85
Directors' current accounts 212 3,530
Accrued expenses 1,036 1,008
7,667 15,365

Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 13,828 17,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1,500 Ordinary £1 1,500 1,500

10. RESERVES
Retained
earnings
£   

At 1 March 2022 25,739
Profit for the year 10,287
Dividends (12,000 )
At 28 February 2023 24,026

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
Mr A J Atkinson
Balance outstanding at start of year (3,531 ) (2,160 )
Amounts advanced 25,346 23,556
Amounts repaid (22,018 ) (24,927 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (203 ) (3,531 )

12. RELATED PARTY DISCLOSURES

The company was under the control of Mr A J Atkinson throughout the current and previous year as shown in the directors report

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A "small entities" for Financial Reporting Standard 102.