Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 09993748 Mr Martin Lightbowne Mr Martin Lightbowne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09993748 2023-02-28 09993748 2024-02-29 09993748 2023-03-01 2024-02-29 09993748 frs-core:CurrentFinancialInstruments 2024-02-29 09993748 frs-core:Non-currentFinancialInstruments 2024-02-29 09993748 frs-core:ComputerEquipment 2023-03-01 2024-02-29 09993748 frs-core:ShareCapital 2024-02-29 09993748 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09993748 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09993748 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 09993748 frs-bus:SmallEntities 2023-03-01 2024-02-29 09993748 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09993748 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09993748 frs-bus:Director1 2023-03-01 2024-02-29 09993748 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 09993748 frs-countries:EnglandWales 2023-03-01 2024-02-29 09993748 2022-02-28 09993748 2023-02-28 09993748 2022-03-01 2023-02-28 09993748 frs-core:CurrentFinancialInstruments 2023-02-28 09993748 frs-core:Non-currentFinancialInstruments 2023-02-28 09993748 frs-core:ShareCapital 2023-02-28 09993748 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09993748
Onpoint Financial Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Onpoint Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09993748
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 26,149 -
Cash at bank and in hand - 20,518
26,149 20,518
Creditors: Amounts Falling Due Within One Year 5 (114,800 ) (130,719 )
NET CURRENT ASSETS (LIABILITIES) (88,651 ) (110,201 )
TOTAL ASSETS LESS CURRENT LIABILITIES (88,651 ) (110,201 )
Creditors: Amounts Falling Due After More Than One Year 6 (19,032 ) (29,321 )
NET LIABILITIES (107,683 ) (139,522 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (107,684 ) (139,523 )
SHAREHOLDERS' FUNDS (107,683) (139,522)
Page 1
Page 2
For the year ending 29 February 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 his 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
Mr Martin Lightbowne
Director
20/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Onpoint Financial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09993748 . The registered office is Three Gables Business Centre, Corner Hall, Hemel Hempstead, Herts, HP3 9HN.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,150 -
Director's loan account 9,999 -
26,149 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,357 1,358
Bank loans and overdrafts 17,330 29,499
Other taxes and social security 28,264 19,907
Other creditors 2,179 77,639
Accruals and deferred income 39,260 -
Director's loan account - 2,316
Amounts owed to group undertakings 26,410 -
114,800 130,719
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Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,032 29,321
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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