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REGISTERED NUMBER: 05448873 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTHPOINT ASSOCIATES LIMITED

NORTHPOINT ASSOCIATES LIMITED (REGISTERED NUMBER: 05448873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NORTHPOINT ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G Whitehead





REGISTERED OFFICE: Cobalt Business Exchange
Cobalt Park Way
Wallsend
Tyne and Wear
NE28 9NZ





REGISTERED NUMBER: 05448873 (England and Wales)





ACCOUNTANTS: T O'Sullivan Limited
Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

NORTHPOINT ASSOCIATES LIMITED (REGISTERED NUMBER: 05448873)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 6,969 7,961
6,969 7,961

CURRENT ASSETS
Debtors 129,093 153,423
Cash at bank 32,098 93,547
161,191 246,970
CREDITORS
Amounts falling due within one year 167,712 131,630
NET CURRENT (LIABILITIES)/ASSETS (6,521 ) 115,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

448

123,301

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 348 123,201
SHAREHOLDERS' FUNDS 448 123,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

NORTHPOINT ASSOCIATES LIMITED (REGISTERED NUMBER: 05448873)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr G Whitehead - Director


NORTHPOINT ASSOCIATES LIMITED (REGISTERED NUMBER: 05448873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings - 25% reducing balance

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 118,650
AMORTISATION
At 1 April 2023
and 31 March 2024 118,650
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

NORTHPOINT ASSOCIATES LIMITED (REGISTERED NUMBER: 05448873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 17,219
Additions 1,797
At 31 March 2024 19,016
DEPRECIATION
At 1 April 2023 9,258
Charge for year 2,789
At 31 March 2024 12,047
NET BOOK VALUE
At 31 March 2024 6,969
At 31 March 2023 7,961

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 100 100