2023-01-012023-12-312023-12-31false11619799PUFFIN POINT LIMITED2024-09-1770100iso4217:GBPxbrli:pure116197992023-01-01116197992023-12-31116197992023-01-012023-12-31116197992022-01-01116197992022-12-31116197992022-01-012022-12-3111619799bus:SmallEntities2023-01-012023-12-3111619799bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111619799bus:FullAccounts2023-01-012023-12-3111619799bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111619799core:WithinOneYear2023-12-3111619799core:AfterOneYear2023-12-3111619799core:WithinOneYear2022-12-3111619799core:AfterOneYear2022-12-3111619799core:ShareCapital2023-12-3111619799core:SharePremium2023-12-3111619799core:RevaluationReserve2023-12-3111619799core:OtherReservesSubtotal2023-12-3111619799core:RetainedEarningsAccumulatedLosses2023-12-3111619799core:ShareCapital2022-12-3111619799core:SharePremium2022-12-3111619799core:RevaluationReserve2022-12-3111619799core:OtherReservesSubtotal2022-12-3111619799core:RetainedEarningsAccumulatedLosses2022-12-3111619799core:LandBuildings2023-12-3111619799core:PlantMachinery2023-12-3111619799core:Vehicles2023-12-3111619799core:FurnitureFittings2023-12-3111619799core:OfficeEquipment2023-12-3111619799core:NetGoodwill2023-12-3111619799core:IntangibleAssetsOtherThanGoodwill2023-12-3111619799core:ListedExchangeTraded2023-12-3111619799core:UnlistedNon-exchangeTraded2023-12-3111619799core:LandBuildings2022-12-3111619799core:PlantMachinery2022-12-3111619799core:Vehicles2022-12-3111619799core:FurnitureFittings2022-12-3111619799core:OfficeEquipment2022-12-3111619799core:NetGoodwill2022-12-3111619799core:IntangibleAssetsOtherThanGoodwill2022-12-3111619799core:ListedExchangeTraded2022-12-3111619799core:UnlistedNon-exchangeTraded2022-12-3111619799core:LandBuildings2023-01-012023-12-3111619799core:PlantMachinery2023-01-012023-12-3111619799core:Vehicles2023-01-012023-12-3111619799core:FurnitureFittings2023-01-012023-12-3111619799core:OfficeEquipment2023-01-012023-12-3111619799core:NetGoodwill2023-01-012023-12-3111619799core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111619799core:ListedExchangeTraded2023-01-012023-12-3111619799core:UnlistedNon-exchangeTraded2023-01-012023-12-3111619799core:MoreThanFiveYears2023-01-012023-12-3111619799core:Non-currentFinancialInstruments2023-12-3111619799core:Non-currentFinancialInstruments2022-12-3111619799dpl:CostSales2023-01-012023-12-3111619799dpl:DistributionCosts2023-01-012023-12-3111619799core:LandBuildings2023-01-012023-12-3111619799core:PlantMachinery2023-01-012023-12-3111619799core:Vehicles2023-01-012023-12-3111619799core:FurnitureFittings2023-01-012023-12-3111619799core:OfficeEquipment2023-01-012023-12-3111619799dpl:AdministrativeExpenses2023-01-012023-12-3111619799core:NetGoodwill2023-01-012023-12-3111619799core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111619799dpl:GroupUndertakings2023-01-012023-12-3111619799dpl:ParticipatingInterests2023-01-012023-12-3111619799dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111619799core:ListedExchangeTraded2023-01-012023-12-3111619799dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111619799core:UnlistedNon-exchangeTraded2023-01-012023-12-3111619799dpl:CostSales2022-01-012022-12-3111619799dpl:DistributionCosts2022-01-012022-12-3111619799core:LandBuildings2022-01-012022-12-3111619799core:PlantMachinery2022-01-012022-12-3111619799core:Vehicles2022-01-012022-12-3111619799core:FurnitureFittings2022-01-012022-12-3111619799core:OfficeEquipment2022-01-012022-12-3111619799dpl:AdministrativeExpenses2022-01-012022-12-3111619799core:NetGoodwill2022-01-012022-12-3111619799core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111619799dpl:GroupUndertakings2022-01-012022-12-3111619799dpl:ParticipatingInterests2022-01-012022-12-3111619799dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111619799core:ListedExchangeTraded2022-01-012022-12-3111619799dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111619799core:UnlistedNon-exchangeTraded2022-01-012022-12-3111619799core:NetGoodwill2023-12-3111619799core:IntangibleAssetsOtherThanGoodwill2023-12-3111619799core:LandBuildings2023-12-3111619799core:PlantMachinery2023-12-3111619799core:Vehicles2023-12-3111619799core:FurnitureFittings2023-12-3111619799core:OfficeEquipment2023-12-3111619799core:AfterOneYear2023-12-3111619799core:WithinOneYear2023-12-3111619799core:ListedExchangeTraded2023-12-3111619799core:UnlistedNon-exchangeTraded2023-12-3111619799core:ShareCapital2023-12-3111619799core:SharePremium2023-12-3111619799core:RevaluationReserve2023-12-3111619799core:OtherReservesSubtotal2023-12-3111619799core:RetainedEarningsAccumulatedLosses2023-12-3111619799core:NetGoodwill2022-12-3111619799core:IntangibleAssetsOtherThanGoodwill2022-12-3111619799core:LandBuildings2022-12-3111619799core:PlantMachinery2022-12-3111619799core:Vehicles2022-12-3111619799core:FurnitureFittings2022-12-3111619799core:OfficeEquipment2022-12-3111619799core:AfterOneYear2022-12-3111619799core:WithinOneYear2022-12-3111619799core:Liste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PUFFIN POINT LIMITED

Registered Number
11619799
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PUFFIN POINT LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

WILLOUGHBY, James Lucas

Registered Address

40 George Street 40 George Street
4th Floor
London
W1U 7DW

Registered Number

11619799 (England and Wales)
PUFFIN POINT LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets326,82037,028
26,82037,028
Current assets
Debtors4,5186,821136,543
Cash at bank and on hand29,9751,887
216,796138,430
Creditors amounts falling due within one year6(175,397)(150,391)
Net current assets (liabilities)41,399(11,961)
Total assets less current liabilities68,21925,067
Net assets68,21925,067
Capital and reserves
Called up share capital33
Profit and loss account68,21625,064
Shareholders' funds68,21925,067
The financial statements were approved and authorised for issue by the Director on 17 September 2024, and are signed on its behalf by:
WILLOUGHBY, James Lucas
Director
Registered Company No. 11619799
PUFFIN POINT LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2335,00920,13455,143
Additions5951,3751,970
At 31 December 2335,60421,50957,113
Depreciation and impairment
At 01 January 237,13010,98518,115
Charge for year8,8393,33912,178
At 31 December 2315,96914,32430,293
Net book value
At 31 December 2319,6357,18526,820
At 31 December 2227,8799,14937,028
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables67,51541,240
Other debtors18,1467,298
Prepayments and accrued income30,15316,998
Total115,81465,536
5.Debtors: amounts due after one year

2023

2022

££
Other debtors71,00771,007
Total71,00771,007
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4,5464,858
Taxation and social security6,005-
Other creditors100,87097,615
Accrued liabilities and deferred income63,97647,918
Total175,397150,391
7.Operating lease commitments
At 31 December 2023 (Company year end), the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £303,993 (2022 – £406,003)