Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30Tax is recognised in the Statement of Income and Retained Earnings. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.22022-07-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12062674 2022-07-01 2023-06-30 12062674 2021-07-01 2022-06-30 12062674 2023-06-30 12062674 2022-06-30 12062674 c:Director1 2022-07-01 2023-06-30 12062674 c:RegisteredOffice 2022-07-01 2023-06-30 12062674 d:FurnitureFittings 2022-07-01 2023-06-30 12062674 d:FurnitureFittings 2023-06-30 12062674 d:FurnitureFittings 2022-06-30 12062674 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12062674 d:OfficeEquipment 2022-07-01 2023-06-30 12062674 d:OfficeEquipment 2023-06-30 12062674 d:OfficeEquipment 2022-06-30 12062674 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12062674 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12062674 d:CurrentFinancialInstruments 2023-06-30 12062674 d:CurrentFinancialInstruments 2022-06-30 12062674 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12062674 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 12062674 d:ShareCapital 2023-06-30 12062674 d:ShareCapital 2022-06-30 12062674 d:RetainedEarningsAccumulatedLosses 2023-06-30 12062674 d:RetainedEarningsAccumulatedLosses 2022-06-30 12062674 c:FRS102 2022-07-01 2023-06-30 12062674 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12062674 c:FullAccounts 2022-07-01 2023-06-30 12062674 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 12062674






EIGHTPOINTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
EIGHTPOINTS LIMITED
 

COMPANY INFORMATION


DIRECTOR
P. H. Miller 




REGISTERED NUMBER
12062674



REGISTERED OFFICE
1st Floor Sackville House

143-149 Fenchurch Street

London

EC3M 6BL





 
EIGHTPOINTS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6


 
EIGHTPOINTS LIMITED
REGISTERED NUMBER: 12062674

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
4,504
4,855

CURRENT ASSETS
  

Debtors
 5 
24,045
44,796

Bank and cash balances
  
70,244
70,997

  
94,289
115,793

Creditors: amounts falling due within one year
 6 
(36,164)
(40,984)

NET CURRENT ASSETS
  
 
 
58,125
 
 
74,809

  

NET ASSETS
  
62,629
79,664


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
1
1

Profit and loss account
  
62,628
79,663

EQUITY SHAREHOLDER'S FUNDS
  
62,629
79,664


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
21 December 2023.




P. H. Miller
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
EIGHTPOINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Eightpoints Limited (Company number: 12062674), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private limited company incorporated in England and Wales. The principal place of business is 45 Weymouth Street, London, W1G 8BY.

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in GBP sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £ (GBP).
The Company has taken advantage of the exemption in Financial reporting Standard 102, section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
EIGHTPOINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight-line basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight-line
Office equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings. 

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

Page 3

 
EIGHTPOINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (continued)

 
2.9

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
EIGHTPOINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



COST


At 1 July 2022
565
5,201
5,766


Additions
-
1,191
1,191



At 30 June 2023

565
6,392
6,957



DEPRECIATION


At 1 July 2022
223
688
911


Charge for the year
113
1,429
1,542



At 30 June 2023

336
2,117
2,453



NET BOOK VALUE



At 30 June 2023
229
4,275
4,504



At 30 June 2022
342
4,513
4,855


5.


DEBTORS

2023
2022
£
£

Due within one year

Trade debtors
21,840
43,428

Prepayments and accrued income
2,205
1,368

24,045
44,796


Page 5

 
EIGHTPOINTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5
-

Corporation tax
8,096
15,022

Other taxation and social security
5,413
9,570

Other creditors
20,915
3,624

Accruals and deferred income
1,735
12,768

36,164
40,984



7.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £Nil (2022: £59). There were no contributions payable to the fund at the Balance Sheet date.


Page 6