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REGISTERED NUMBER: 02050643















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Pinpoint Music Limited

Pinpoint Music Limited (Registered number: 02050643)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pinpoint Music Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr A J Atkinson





SECRETARY: Mrs H M Atkinson





REGISTERED OFFICE: The Birches
Pylands Lane
Bursledon
Southampton
Hampshire
SO31 1BH





REGISTERED NUMBER: 02050643





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Pinpoint Music Limited (Registered number: 02050643)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,171 6,410

CURRENT ASSETS
Stocks 5 3,750 3,500
Debtors 6 13,219 7,402
Cash at bank and in hand 25,933 29,709
42,902 40,611
CREDITORS
Amounts falling due within one year 7 15,302 7,667
NET CURRENT ASSETS 27,600 32,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,771

39,354

CREDITORS
Amounts falling due after more than one
year

8

22,265

13,828
NET ASSETS 29,506 25,526

CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Retained earnings 10 28,006 24,026
SHAREHOLDERS' FUNDS 29,506 25,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Music Limited (Registered number: 02050643)

Balance Sheet - continued
29 February 2024


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 director and authorised for issue on 15 November 2024 and were signed by:





Mr A J Atkinson - Director


Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Pinpoint Music Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements have been prepared under the Going Concern basis due to the continuing support of the company's bank and director.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 24,473 8,573 18,574 5,970 57,590
Additions - - 25,990 - 25,990
Disposals - - (18,574 ) - (18,574 )
At 29 February 2024 24,473 8,573 25,990 5,970 65,006
DEPRECIATION
At 1 March 2023 23,431 8,425 14,901 4,423 51,180
Charge for year 261 37 3,249 1,009 4,556
Eliminated on disposal - - (14,901 ) - (14,901 )
At 29 February 2024 23,692 8,462 3,249 5,432 40,835
NET BOOK VALUE
At 29 February 2024 781 111 22,741 538 24,171
At 28 February 2023 1,042 148 3,673 1,547 6,410

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 3,750 3,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 9,781 3,864
Other debtors 1,652 1,652
Prepayments 1,786 1,886
13,219 7,402

Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 558 (153 )
Corporation tax 1,638 2,936
Social security and other taxes 334 -
VAT 6,981 3,596
Other creditors - 40
Directors' current accounts 4,703 212
Accrued expenses 1,088 1,036
15,302 7,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 9,938 13,828
Hire purchase contracts 12,327 -
22,265 13,828

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1,500 Ordinary £1 1,500 1,500

10. RESERVES
Retained
earnings
£   

At 1 March 2023 24,026
Profit for the year 19,480
Dividends (15,500 )
At 29 February 2024 28,006

Pinpoint Music Limited (Registered number: 02050643)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr A J Atkinson
Balance outstanding at start of year (212 ) (3,531 )
Amounts advanced 58,917 25,346
Amounts repaid (63,408 ) (22,027 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,703 ) (212 )

12. RELATED PARTY DISCLOSURES

The company was under the control of Mr A J Atkinson throughout the current and previous year as shown in the directors report

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A "small entities" for Financial Reporting Standard 102.