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REGISTERED NUMBER: 09825825 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

PINPOINT COMMERCIAL FINANCE LIMITED

PINPOINT COMMERCIAL FINANCE LIMITED (REGISTERED NUMBER: 09825825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PINPOINT COMMERCIAL FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: K Humphreys





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 09825825 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

PINPOINT COMMERCIAL FINANCE LIMITED (REGISTERED NUMBER: 09825825)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,425 1,986

CURRENT ASSETS
Debtors 5 16,948 34,700
Cash at bank 51,943 32,254
68,891 66,954
CREDITORS
Amounts falling due within one year 6 36,556 26,225
NET CURRENT ASSETS 32,335 40,729
TOTAL ASSETS LESS CURRENT LIABILITIES 34,760 42,715

CREDITORS
Amounts falling due after more than one year 7 25,971 34,028
NET ASSETS 8,789 8,687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,689 8,587
SHAREHOLDERS' FUNDS 8,789 8,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

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 11th November 2024 and were signed by:





K Humphreys - Director


PINPOINT COMMERCIAL FINANCE LIMITED (REGISTERED NUMBER: 09825825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Pinpoint Commercial Finance Limited 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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 balance sheet date.

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 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2023 4,655 7,335 10,499 22,489
Additions - 1,874 - 1,874
At 31st October 2024 4,655 9,209 10,499 24,363
DEPRECIATION
At 1st November 2023 4,268 6,787 9,448 20,503
Charge for year 274 898 263 1,435
At 31st October 2024 4,542 7,685 9,711 21,938
NET BOOK VALUE
At 31st October 2024 113 1,524 788 2,425
At 31st October 2023 387 548 1,051 1,986

PINPOINT COMMERCIAL FINANCE LIMITED (REGISTERED NUMBER: 09825825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,586 13,014
Other debtors 7,362 21,686
16,948 34,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,209 5,603
Trade creditors 97 444
Taxation and social security 12,690 13,782
Other creditors 18,560 6,396
36,556 26,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,971 34,028

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,612 10,093

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year under review the company made advances of £2,863 (2023: £6,583) to the director, against which credits were made of £20,904 (2023: £17,283).

At the year end, the amount owed to the director was £8,722 and is included in other creditors (2023: the amount owed to the company by the director was £9,319 and was included in other debtors).

No interest has been charged on the amounts owed to the director.

There are no conditions attached to advances to the director, however, the director must ensure that this is not detrimental to the company.