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Registered Number: 08926784
England and Wales

 

 

 

PINPOINT WEALTH LTD


Financial Statements
 


Period of accounts

Start date: 31 March 2022

End date: 30 March 2023
Directors Nova Group Holdings Ltd
Jamie Peter Phythian
Registered Number 08926784
Registered Office 57 Jordan Street
Liverpool
Merseyside
L1 0BW
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 March 2023.
Directors
The directors who served the company throughout the year were as follows:
Nova Group Holdings Ltd (from 25/02/2019)
Jamie Peter Phythian (from 01/04/2016)
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Jamie Peter Phythian
Director

Date approved: 29 March 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 509    1,121 
509    1,121 
Current assets      
Debtors 4 5,231    8,086 
Cash at bank and in hand 37,829    41,258 
43,060    49,344 
Creditors: amount falling due within one year 5 (28,166)   (28,167)
Net current assets 14,894    21,177 
 
Total assets less current liabilities 15,403    22,298 
Creditors: amount falling due after more than one year 6 (37,220)   (39,773)
Net liabilities (21,817)   (17,475)
 

Capital and reserves
     
Called up share capital 2,849    2,849 
Share premium account 7 393,960    393,960 
Profit and loss account (418,626)   (414,284)
Shareholder's funds (21,817)   (17,475)
 


For the year ended 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 March 2024 and were signed on its behalf by:


-------------------------------
Jamie Peter Phythian
Director
3
General Information
PINPOINT WEALTH LTD is a private company, limited by shares, registered in England and Wales, registration number 08926784, registration address 57 Jordan Street , Liverpool, Merseyside, L1 0BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 5 Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 31 March 2022 4,031    4,031 
Additions  
Disposals  
At 30 March 2023 4,031    4,031 
Depreciation
At 31 March 2022 2,910    2,910 
Charge for year 612    612 
On disposals  
At 30 March 2023 3,522    3,522 
Net book values
Closing balance as at 30 March 2023 509    509 
Opening balance as at 31 March 2022 1,121    1,121 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
PAYE & Social Security 695    695 
VAT 2,727    3,074 
3,422    3,769 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Called Up Share Capital Not Paid 1,809    1,809 
Directors Loan Accounts   2,508 
1,809    4,317 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 16,519    16,519 
Bank Loans & Overdrafts 5,505    5,505 
Accruals 6,142    6,143 
28,166    28,167 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 37,220    39,773 
37,220    39,773 

7.

Share premium account

2023
£
  2022
£
Equity Share Premium b/fwd 393,960    393,960 
393,960    393,960 

4