Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr David John Green 16/01/1995 26 January 2025 no description of principal activity 02992661 2024-04-30 02992661 bus:Director1 2024-04-30 02992661 2023-04-30 02992661 core:CurrentFinancialInstruments 2024-04-30 02992661 core:CurrentFinancialInstruments 2023-04-30 02992661 core:ShareCapital 2024-04-30 02992661 core:ShareCapital 2023-04-30 02992661 core:RetainedEarningsAccumulatedLosses 2024-04-30 02992661 core:RetainedEarningsAccumulatedLosses 2023-04-30 02992661 core:OtherPropertyPlantEquipment 2023-04-30 02992661 core:OtherPropertyPlantEquipment 2024-04-30 02992661 bus:OrdinaryShareClass1 2024-04-30 02992661 2023-05-01 2024-04-30 02992661 bus:FilletedAccounts 2023-05-01 2024-04-30 02992661 bus:SmallEntities 2023-05-01 2024-04-30 02992661 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02992661 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02992661 bus:Director1 2023-05-01 2024-04-30 02992661 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 02992661 2022-05-01 2023-04-30 02992661 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 02992661 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 02992661 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 02992661 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02992661 (England and Wales)

POINT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

POINT SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

POINT SOLUTIONS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
POINT SOLUTIONS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTOR Mr David John Green
REGISTERED OFFICE 9 Boughton Park
Grafty Green
Maidstone
Kent
ME17 2EF
Maidstone
United Kingdom
COMPANY NUMBER 02992661 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
POINT SOLUTIONS LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
POINT SOLUTIONS LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 74
0 74
Current assets
Debtors 4 205,653 212,963
205,653 212,963
Creditors: amounts falling due within one year 6 ( 30,803) ( 39,713)
Net current assets 174,850 173,250
Total assets less current liabilities 174,850 173,324
Net assets 174,850 173,324
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 174,750 173,224
Total shareholders' funds 174,850 173,324

For the financial 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Point Solutions Limited (registered number: 02992661) were approved and authorised for issue by the Director on 26 January 2025. They were signed on its behalf by:

Mr David John Green
Director
POINT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
POINT SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Point Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Boughton Park, Grafty Green, Maidstone, Kent, ME17 2EF, Maidstone, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 3,916 3,916
At 30 April 2024 3,916 3,916
Accumulated depreciation
At 01 May 2023 3,842 3,842
Charge for the financial year 74 74
At 30 April 2024 3,916 3,916
Net book value
At 30 April 2024 0 0
At 30 April 2023 74 74

4. Debtors

2024 2023
£ £
Amounts owed by director 154,959 162,000
Corporation tax 47,014 47,643
Other debtors 3,680 3,320
205,653 212,963

5. Cash and cash equivalents

2024 2023
£ £
Less: Bank overdrafts ( 17,002) ( 24,247)

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 17,002 24,247
Trade creditors 2,115 1,800
Accruals 1,500 2,732
Taxation and social security 10,186 10,934
30,803 39,713

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

Mr D J Green

The director and shareholder Mr D J Green is the ultimate controlling party.