Company Registration No. 13851011 (England and Wales)
ON POINT STUDY LIMITED
Unaudited accounts
for the year ended 31 January 2024
ON POINT STUDY LIMITED
Unaudited accounts
Contents
ON POINT STUDY LIMITED
Company Information
for the year ended 31 January 2024
Directors
Md Mezanur RAHMAN
Md Jakir HOSSAIN
Company Number
13851011 (England and Wales)
Registered Office
104 GOODMAYES LANE
ILFORD
IG3 9PZ
ENGLAND
Accountants
Tax Nest Accountants Ltd
Office 18
241E, High Street North
London
E12 6SJ
ON POINT STUDY LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
4,056
4,563
Cash at bank and in hand
11,018
4,760
Creditors: amounts falling due within one year
(10,137)
(14,879)
Net current assets
2,381
1,533
Called up share capital
1
1
Profit and loss account
6,436
6,095
Shareholders' funds
6,437
6,096
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
Md Jakir HOSSAIN
Director
Company Registration No. 13851011
ON POINT STUDY LIMITED
Notes to the Accounts
for the year ended 31 January 2024
ON POINT STUDY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13851011. The registered office is 104 GOODMAYES LANE, ILFORD, IG3 9PZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
1,230
3,840
5,070
At 31 January 2024
1,230
3,840
5,070
At 1 February 2023
123
384
507
Charge for the year
123
384
507
At 31 January 2024
246
768
1,014
At 31 January 2024
984
3,072
4,056
At 31 January 2023
1,107
3,456
4,563
ON POINT STUDY LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
1,500
1,500
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
622
359
Other creditors
9,015
14,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 3 (2023: 1).