Company registration number 07305779 (England and Wales)
Poisontip Limited
Unaudited
financial statements
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
Poisontip Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Poisontip Limited
Statement of financial position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
496,270
561,380
Current assets
Stocks
5,558
5,524
Debtors
5
244,772
137,646
Cash at bank and in hand
137,507
199,546
387,837
342,716
Creditors: amounts falling due within one year
6
(1,137,451)
(1,305,110)
Net current liabilities
(749,614)
(962,394)
Total assets less current liabilities
(253,344)
(401,014)
Creditors: amounts falling due after more than one year
7
-
0
(50,146)
Net liabilities
(253,344)
(451,160)
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
(253,346)
(451,162)
Total equity
(253,344)
(451,160)
Poisontip Limited
Statement of financial position (continued)
as at 31 January 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 5 June 2024 and are signed on its behalf by:
P M Barker
Director
Company Registration No. 07305779
Poisontip Limited
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

Through the continued support of the directors and group companies, it is still appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised upon supply of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% reducing balance
Fixtures, fittings & equipment
20% reducing balance
Stocks

Stock is valued at the lower of cost and net realisable value.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

Poisontip Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 18 (2023 - 22).

2024
2023
Number
Number
Total
18
22
4
Tangible fixed assets
Leasehold improvements
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 February 2023
500,444
234,499
734,943
Additions
-
0
6,644
6,644
At 31 January 2024
500,444
241,143
741,587
Depreciation and impairment
At 1 February 2023
87,343
86,220
173,563
Depreciation charged in the year
41,310
30,444
71,754
At 31 January 2024
128,653
116,664
245,317
Carrying amount
At 31 January 2024
371,791
124,479
496,270
At 31 January 2023
413,101
148,279
561,380
Poisontip Limited
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
239,600
131,024
Prepayments and accrued income
5,172
6,622
244,772
137,646
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
12,254
Trade creditors
48,083
71,877
Taxation and social security
41,287
45,636
Other creditors
999,533
1,136,336
Accruals and deferred income
48,548
39,007
1,137,451
1,305,110
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
50,146
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
9
Company information

Poisontip Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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