Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11147660 Ms Stephanie Poynts Ms Stephanie Poynts true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11147660 2023-01-31 11147660 2024-01-31 11147660 2023-02-01 2024-01-31 11147660 frs-core:CurrentFinancialInstruments 2024-01-31 11147660 frs-core:ComputerEquipment 2024-01-31 11147660 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11147660 frs-core:ComputerEquipment 2023-01-31 11147660 frs-core:FurnitureFittings 2024-01-31 11147660 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11147660 frs-core:FurnitureFittings 2023-01-31 11147660 frs-core:ShareCapital 2024-01-31 11147660 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11147660 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11147660 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11147660 frs-bus:SmallEntities 2023-02-01 2024-01-31 11147660 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11147660 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11147660 1 2023-02-01 2024-01-31 11147660 frs-bus:Director1 2023-02-01 2024-01-31 11147660 frs-bus:Director1 2023-01-31 11147660 frs-bus:Director1 2024-01-31 11147660 frs-countries:EnglandWales 2023-02-01 2024-01-31 11147660 2022-01-31 11147660 2023-01-31 11147660 2022-02-01 2023-01-31 11147660 frs-core:CurrentFinancialInstruments 2023-01-31 11147660 frs-core:ShareCapital 2023-01-31 11147660 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11147660
Poynts Works Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11147660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 191 797
191 797
CURRENT ASSETS
Debtors 5 5,921 2,231
Cash at bank and in hand 7,506 5,133
13,427 7,364
Creditors: Amounts Falling Due Within One Year 6 (7,917 ) (3,576 )
NET CURRENT ASSETS (LIABILITIES) 5,510 3,788
TOTAL ASSETS LESS CURRENT LIABILITIES 5,701 4,585
PROVISIONS FOR LIABILITIES
Deferred Taxation (48 ) (199 )
NET ASSETS 5,653 4,386
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 5,643 4,376
SHAREHOLDERS' FUNDS 5,653 4,386
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Stephanie Poynts
Director
14th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Poynts Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11147660 . The registered office is 8 Blades House, Kennington Oval, London, SE11 5TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
Computer Equipment 33.33% on cost
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 1,220 3,926 5,146
Disposals - (864 ) (864 )
As at 31 January 2024 1,220 3,062 4,282
Depreciation
As at 1 February 2023 806 3,543 4,349
Provided during the period 271 239 510
Disposals - (768 ) (768 )
As at 31 January 2024 1,077 3,014 4,091
Net Book Value
As at 31 January 2024 143 48 191
As at 1 February 2023 414 383 797
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,439 1,328
Other debtors 3,482 903
5,921 2,231
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 326 337
Other creditors 744 -
Taxation and social security 6,847 3,239
7,917 3,576
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
During the year the directors withdrew money from the company. At  year end, the loans were paid in full. The balances owed to the directors as of year end are included within creditors. 
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Ms Stephanie Poynts 661 20,543 (21,948 ) - (744 )
9. Related Party Transactions
During the year, dividends of £20,900 (2023 - £11,400) were paid to the directors.
10. Ultimate Controlling Party
The company's ultimate controlling party is Ms Stephanie Poynts by virtue of her ownership of 100% of the issued share capital in the company.
Page 5