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REGISTERED NUMBER: 07857053 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Point North (International) Limited

Point North (International) Limited (Registered number: 07857053)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Point North (International) Limited

Company Information
for the Year Ended 31 March 2024







Director: S C Grimley





Registered office: Unit 6 New Russia Hall
Chester Road
Tattenhall
Cheshire
CH3 9AH





Registered number: 07857053 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Point North (International) Limited (Registered number: 07857053)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 18,604 20,979
Tangible assets 5 1,837 2,700
20,441 23,679

Current assets
Stocks 73,090 70,760
Debtors 6 34,169 50,314
Cash at bank 73,355 61,040
180,614 182,114
Creditors
Amounts falling due within one year 7 68,180 63,021
Net current assets 112,434 119,093
Total assets less current liabilities 132,875 142,772

Provisions for liabilities 8 191 353
Net assets 132,684 142,419

Capital and reserves
Called up share capital 100 100
Retained earnings 132,584 142,319
Shareholders' funds 132,684 142,419

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

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

Point North (International) Limited (Registered number: 07857053)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





S C Grimley - Director


Point North (International) Limited (Registered number: 07857053)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Point North (International) 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Fixtures, fittings and equipment - 25% 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.

Point North (International) Limited (Registered number: 07857053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds the carrying amount had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Point North (International) Limited (Registered number: 07857053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 47,500
Amortisation
At 1 April 2023 26,521
Amortisation for year 2,375
At 31 March 2024 28,896
Net book value
At 31 March 2024 18,604
At 31 March 2023 20,979

5. Tangible fixed assets
Fixtures,
fittings
Leasehold and
improvements equipment Totals
£    £    £   
Cost
At 1 April 2023 2,145 12,510 14,655
Disposals - (1,050 ) (1,050 )
At 31 March 2024 2,145 11,460 13,605
Depreciation
At 1 April 2023 857 11,098 11,955
Charge for year 214 619 833
Eliminated on disposal - (1,020 ) (1,020 )
At 31 March 2024 1,071 10,697 11,768
Net book value
At 31 March 2024 1,074 763 1,837
At 31 March 2023 1,288 1,412 2,700

6. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 5,412 4,370
Other debtors 28,757 45,944
34,169 50,314

Point North (International) Limited (Registered number: 07857053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 36,907 33,723
Taxation and social security 26,322 27,028
Other creditors 4,951 2,270
68,180 63,021

8. Provisions for liabilities
31/3/24 31/3/23
£    £   
Deferred tax
Accelerated capital allowances 191 353

Deferred
tax
£   
Balance at 1 April 2023 353
Credit to Statement of Income and Retained Earnings during
year

(162

)
Balance at 31 March 2024 191