PINPOINT PRODUCTIONS LTD |
Notes to the Accounts |
for the year ended 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
- |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 July 2022 |
1,930 |
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At 30 June 2023 |
1,930 |
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Depreciation |
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At 1 July 2022 |
1,929 |
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At 30 June 2023 |
1,929 |
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Net book value |
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At 30 June 2023 |
1 |
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At 30 June 2022 |
1 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
- |
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14 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Taxation and social security costs |
95 |
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103 |
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Other creditors |
6,896 |
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7,235 |
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6,991 |
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7,338 |
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6 |
Related party transactions |
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Other creditors include the following amount due to the following director:- A M Sweeney £6,896 (2022: £7,160). There are no fixed terms as to interest or repayment of this amount. |
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7 |
Controlling party |
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The company is controlled by A M Sweeney. |
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8 |
Other information |
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PINPOINT PRODUCTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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1 Hill View |
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Headington |
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Oxford |
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Oxfordshire |
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OX3 8EB |