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Company registration number: 13338758
POINTNODE LIMITED
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 April 2024
POINTNODE LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
POINTNODE LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr J C Davies
Company number 13338758
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address 43 Bligny Crescent
Bicton Heath
Shrewsbury
Shropshire
SY3 5FE
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
POINTNODE LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF POINTNODE LIMITED
YEAR ENDED 30TH APRIL 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pointnode Limited for the year ended 30 April 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Pointnode Limited, as a body, in accordance with the terms of our engagement letter dated 15 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Pointnode Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pointnode Limited and its director as a body for our work or for this report.
It is your duty to ensure that Pointnode Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pointnode Limited. You consider that Pointnode Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Pointnode Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
3 September 2024
POINTNODE LIMITED
STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,775 1,719
_______ _______
1,775 1,719
Current assets
Debtors 6 644 219
Cash at bank and in hand 15,935 26,021
_______ _______
16,579 26,240
Creditors: amounts falling due
within one year 7 ( 1,123) ( 7,270)
_______ _______
Net current assets 15,456 18,970
_______ _______
Total assets less current liabilities 17,231 20,689
Provisions for liabilities ( 337) ( 326)
_______ _______
Net assets 16,894 20,363
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,893 20,362
_______ _______
Shareholder funds 16,894 20,363
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2024 , and are signed on behalf of the board by:
Mr J C Davies
Director
Company registration number: 13338758
POINTNODE LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH APRIL 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 1 2,534 2,535
(Loss)/profit for the year 19,828 19,828
_______ _______ _______
Total comprehensive income for the year - 19,828 19,828
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 30 April 2023 and 1 May 2023 1 20,362 20,363
(Loss)/profit for the year ( 1,969) ( 1,969)
_______ _______ _______
Total comprehensive income for the year - ( 1,969) ( 1,969)
Dividends paid and payable ( 1,500) ( 1,500)
_______ _______ _______
Total investments by and distributions to owners - ( 1,500) ( 1,500)
_______ _______ _______
At 30 April 2024 1 16,893 16,894
_______ _______ _______
POINTNODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH APRIL 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2023 1,948 1,948
Additions 349 349
_______ _______
At 30 April 2024 2,297 2,297
_______ _______
Depreciation
At 1 May 2023 229 229
Charge for the year 293 293
_______ _______
At 30 April 2024 522 522
_______ _______
Carrying amount
At 30 April 2024 1,775 1,775
_______ _______
At 30 April 2023 1,719 1,719
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 644 219
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax - 4,187
Social security and other taxes 269 -
Other creditors 854 3,083
_______ _______
1,123 7,270
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr J C Davies ( 2,470) 2,230 ( 240)
_______ _______ _______
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr J C Davies ( 3,753) 1,283 ( 2,470)
_______ _______ _______