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REGISTERED NUMBER: 12206850 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

POINTWIRE LIMITED

POINTWIRE LIMITED (REGISTERED NUMBER: 12206850)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


POINTWIRE LIMITED

Company Information
for the year ended 30 June 2024







Directors: Mrs G C Johnson
Mr B A Johnson
Mr S G Buck





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 12206850 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

POINTWIRE LIMITED (REGISTERED NUMBER: 12206850)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Property, plant and equipment 4 515,550 526,223

Current assets
Debtors 5 440,348 1,318,928
Cash at bank 955,513 266,571
1,395,861 1,585,499
Creditors
Amounts falling due within one year 6 902,865 1,594,771
Net current assets/(liabilities) 492,996 (9,272 )
Total assets less current liabilities 1,008,546 516,951

Creditors
Amounts falling due after more than one year 7 - (23,651 )

Provisions for liabilities (128,887 ) (99,982 )
Net assets 879,659 393,318

Capital and reserves
Called up share capital 8 120 120
Retained earnings 9 879,539 393,198
Shareholders' funds 879,659 393,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr B A Johnson - Director


POINTWIRE LIMITED (REGISTERED NUMBER: 12206850)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

PointWire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

POINTWIRE LIMITED (REGISTERED NUMBER: 12206850)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. Employees and directors

The average number of employees during the year was 16 (2023 - 8 ) .

4. Property, plant and equipment
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 July 2023 6,441 2,606 579,883 48,521 637,451
Additions - 19,561 70,607 38,545 128,713
Disposals - - - (1,351 ) (1,351 )
Reclassification/transfer 898 - - (898 ) -
At 30 June 2024 7,339 22,167 650,490 84,817 764,813
Depreciation
At 1 July 2023 437 1,161 94,348 15,282 111,228
Charge for year 1,036 2,166 122,262 13,249 138,713
Eliminated on disposal - - - (678 ) (678 )
At 30 June 2024 1,473 3,327 216,610 27,853 249,263
Net book value
At 30 June 2024 5,866 18,840 433,880 56,964 515,550
At 30 June 2023 6,004 1,445 485,535 33,239 526,223

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 431,908 1,126,600
Other debtors 8,440 192,328
440,348 1,318,928

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,672 21,718
Trade creditors 4,505 5,341
Taxation and social security 406,486 78,997
Other creditors 487,202 1,488,715
902,865 1,594,771

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 23,651

POINTWIRE LIMITED (REGISTERED NUMBER: 12206850)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
120 Ordinary £1 120 120

9. Reserves
Retained
earnings
£

At 1 July 2023 393,198
Profit for the year 798,741
Dividends (312,400 )
At 30 June 2024 879,539

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
Mr B A Johnson and Mrs G C Johnson
Balance outstanding at start of year 323 313
Amounts advanced 112 323
Amounts repaid (7,714 ) (313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,279 ) 323