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REGISTERED NUMBER: 11056546 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

PINPOINT TRACE AND ACCESS LIMITED

PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PINPOINT TRACE AND ACCESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: S Rushton
K Westbrook-Rushton





REGISTERED OFFICE: Unit 8 Willenhall Lane Industrial Estate
Willenhall Lane
Bloxwich
Walsall
WS3 2XN





REGISTERED NUMBER: 11056546 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 69,604 72,349

Current assets
Debtors 5 302,190 212,867
Prepayments and accrued income 811 3,689
Cash at bank and in hand 17,368 124,407
320,369 340,963
Creditors
Amounts falling due within one year 6 (424,105 ) (470,673 )
Net current liabilities (103,736 ) (129,710 )
Total assets less current liabilities (34,132 ) (57,361 )

Creditors
Amounts falling due after more than one
year

7

(26,034

)

(25,203

)

Provisions for liabilities (11,546 ) (11,188 )

Accruals and deferred income (1,900 ) (1,700 )
Net liabilities (73,612 ) (95,452 )

Capital and reserves
Called up share capital 100 100
Retained earnings (73,712 ) (95,552 )
Shareholders' funds (73,612 ) (95,452 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 2023


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 13th November 2024 and were signed on its behalf by:




S Rushton - Director



K Westbrook-Rushton - Director


PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Pinpoint Trace and Access Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11056546 and the registered office address is Unit 8 Willenhall Lane Industrial Estate, Willenhall Lane, Bloxwich, Walsall, WS3 2XN.

The principal activity of the company is that of building works.

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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Government Grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Grants received in relation to tangible fixed assets are credited to deferred income and released to profit and loss over the useful lives of the related assets, whereas those in relation to expenditure are credited to profit and loss when the expenditure is charged to profit and loss.

Government grants, which include amounts received under the Coronavirus Job Retention Scheme, are recognised at the fair value of the grant received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. The income is recognised in other income on a systematic basis over the periods in which the associated costs are incurred, using the accrual model.

Government grants, which include the amounts received from the Coronavirus Business Interruption Loan Scheme that cover interest and fees payable to the lender, are treated as basic financial instruments. The interest and fees paid by the Government are included as grants in the period where the benefit is received.

Impairment of non financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Amounts recoverable on contract
Long-term contracts are assessed on a contract-by-contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract and the business. Where it is considered that the outcome of a long-term contract can be assessed with reasonable certainty before its conclusion, the prudently calculated attributable profit is recognised in the profit and loss account as the difference between the reported turnover and related costs for that contract.

The amount by which recorded turnover is in excess of payments on account is classified as 'amounts recoverable on contracts' and separately disclosed within debtors.

The balance of payments on account (in excess of amounts (i) matched with turnover; and (ii) offset against long-term contract balances) is classified as payments on account and separately disclosed within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

PINPOINT TRACE AND ACCESS LIMITED (REGISTERED NUMBER: 11056546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 74,415 71,347 1,407 147,169
Additions - 15,495 568 16,063
At 30th November 2023 74,415 86,842 1,975 163,232
DEPRECIATION
At 1st December 2022 30,930 42,770 1,120 74,820
Charge for year 10,871 7,467 470 18,808
At 30th November 2023 41,801 50,237 1,590 93,628
NET BOOK VALUE
At 30th November 2023 32,614 36,605 385 69,604
At 30th November 2022 43,485 28,577 287 72,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,234 -
Amounts recoverable on contract 298,956 212,867
302,190 212,867

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,140 9,890
Hire purchase contracts 4,415 -
Trade creditors 173,133 102,759
Amounts owed to group undertakings 189,064 282,845
Taxation and social security 43,854 73,671
Other creditors 3,499 1,508
424,105 470,673

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 14,954 25,203
Hire purchase contracts 11,080 -
26,034 25,203