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REGISTERED NUMBER: 10535210 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Period 1 January 2023 to 31 March 2024

for

ON POINT FIRE & SECURITY LTD

ON POINT FIRE & SECURITY LTD (Registered number: 10535210)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


ON POINT FIRE & SECURITY LTD

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTORS: M D RICKUSS
M A E HAYES





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 10535210 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

ON POINT FIRE & SECURITY LTD (Registered number: 10535210)

Report of the Directors
for the Period 1 January 2023 to 31 March 2024

The directors present their report with the financial statements of the company for the period 1 January 2023 to 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M D RICKUSS
M A E HAYES

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M D RICKUSS - Director


1 September 2024

ON POINT FIRE & SECURITY LTD (Registered number: 10535210)

Statement of Income and Retained Earnings
for the Period 1 January 2023 to 31 March 2024

Period
1/1/23
to Year Ended
31/3/24 31/12/22
Notes £    £   

TURNOVER 142,484 217,610

Cost of sales 60,481 78,307
GROSS PROFIT 82,003 139,303

Administrative expenses 31,668 22,074
50,335 117,229

Other operating income - 1
OPERATING PROFIT 4 50,335 117,230

Interest receivable and similar income 172 78
50,507 117,308

Interest payable and similar expenses - 527
PROFIT BEFORE TAXATION 50,507 116,781

Tax on profit 10,483 15,251
PROFIT FOR THE FINANCIAL PERIOD 40,024 101,530

Retained earnings at beginning of period 22,202 12,672

Dividends 5 (40,000 ) (92,000 )

RETAINED EARNINGS AT END OF PERIOD 22,226 22,202

ON POINT FIRE & SECURITY LTD (Registered number: 10535210)

Balance Sheet
31 March 2024

31/3/24 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 21,218 25,883

CURRENT ASSETS
Debtors 7 52,255 23,714
Cash at bank and in hand 24,985 51,790
77,240 75,504
CREDITORS
Amounts falling due within one year 8 35,132 35,355
NET CURRENT ASSETS 42,108 40,149
TOTAL ASSETS LESS CURRENT LIABILITIES 63,326 66,032

CREDITORS
Amounts falling due after more than one year 9 41,000 43,730
NET ASSETS 22,326 22,302

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,226 22,202
SHAREHOLDERS' FUNDS 22,326 22,302

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 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 1 September 2024 and were signed on its behalf by:





M D RICKUSS - Director


ON POINT FIRE & SECURITY LTD (Registered number: 10535210)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

ON POINT FIRE & SECURITY LTD 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.

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.

Turnover
Turnover 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1/1/23
to Year Ended
31/3/24 31/12/22
£    £   
Depreciation - owned assets 4,665 -

5. DIVIDENDS
Period
1/1/23
to Year Ended
31/3/24 31/12/22
£    £   
ORDINARY shares of 1.00 each
Final 40,000 92,000

ON POINT FIRE & SECURITY LTD (Registered number: 10535210)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 March 2024 25,883
DEPRECIATION
Charge for period 4,665
At 31 March 2024 4,665
NET BOOK VALUE
At 31 March 2024 21,218
At 31 December 2022 25,883

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/12/22
£    £   
Trade debtors 52,255 23,714

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/12/22
£    £   
Trade creditors 2,650 -
Tax 10,483 15,251
C.I.S. Tax 638 -
P.A.Y.E. Tax - 1,384
VAT 19,927 18,217
Directors' current accounts 184 503
Accrued expenses 1,250 -
35,132 35,355

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/12/22
£    £   
Bounce Back Loan 12,768 22,365
Other loans - 1-2 years 28,232 21,365
41,000 43,730