Company registration number 10010709 (England and Wales)
FIVE FOCAL POINT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
FIVE FOCAL POINT LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 5
FIVE FOCAL POINT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
41,515
12,071
Current assets
Debtors
5
90,730
75,803
Cash at bank and in hand
9,351
34,811
100,081
110,614
Creditors: amounts falling due within one year
6
(106,927)
(85,941)
Net current (liabilities)/assets
(6,846)
24,673
Total assets less current liabilities
34,669
36,744
Creditors: amounts falling due after more than one year
7
(12,884)
(22,958)
Net assets
21,785
13,786
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
21,685
13,686
Total equity
21,785
13,786

For the financial year ended 30 April 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
A P Pearce
Director
Company registration number 10010709 (England and Wales)
FIVE FOCAL POINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Five Focal Point Limited is a private company limited by shares incorporated in England and Wales. The registered office is 92 Kirkby Road, Sutton in Ashfield, Notts, NG17 1GH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
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 gross.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight line
Motor vehicles
25% Reducing balance

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FIVE FOCAL POINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
45
44
FIVE FOCAL POINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
4
Tangible fixed assets
Assets under construction
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
-
0
43,106
5,495
48,601
Additions
31,346
5,338
-
0
36,684
At 30 April 2024
31,346
48,444
5,495
85,285
Depreciation and impairment
At 1 May 2023
-
0
34,126
2,404
36,530
Depreciation charged in the year
-
0
6,467
773
7,240
At 30 April 2024
-
0
40,593
3,177
43,770
Carrying amount
At 30 April 2024
31,346
7,851
2,318
41,515
At 30 April 2023
-
0
8,980
3,091
12,071
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,292
18,721
Other debtors
73,438
57,082
90,730
75,803
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
13,603
9,829
Trade creditors
7,355
6,560
Taxation and social security
52,291
38,127
Other creditors
33,678
31,425
106,927
85,941
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,884
22,958
FIVE FOCAL POINT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
100
100
100
100
10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Alan Pearce
-
12,110
1,975
14,085
Lesley Pearce
-
12,111
1,974
14,085
24,221
3,949
28,170
2024-04-302023-05-01falsefalsefalse28 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityAlan PearceLesley PearceRichard PearceStewart PearceA Pearce100107092023-05-012024-04-30100107092024-04-30100107092023-04-3010010709core:ConstructionInProgressAssetsUnderConstruction2024-04-3010010709core:FurnitureFittings2024-04-3010010709core:MotorVehicles2024-04-3010010709core:ConstructionInProgressAssetsUnderConstruction2023-04-3010010709core:FurnitureFittings2023-04-3010010709core:MotorVehicles2023-04-3010010709core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3010010709core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3010010709core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3010010709core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3010010709core:CurrentFinancialInstruments2024-04-3010010709core:CurrentFinancialInstruments2023-04-3010010709core:ShareCapital2024-04-3010010709core:ShareCapital2023-04-3010010709core:RetainedEarningsAccumulatedLosses2024-04-3010010709core:RetainedEarningsAccumulatedLosses2023-04-3010010709bus:Director12023-05-012024-04-3010010709core:FurnitureFittings2023-05-012024-04-3010010709core:MotorVehicles2023-05-012024-04-30100107092022-05-012023-04-3010010709core:ConstructionInProgressAssetsUnderConstruction2023-04-3010010709core:FurnitureFittings2023-04-3010010709core:MotorVehicles2023-04-30100107092023-04-3010010709core:ConstructionInProgressAssetsUnderConstruction2023-05-012024-04-3010010709core:WithinOneYear2024-04-3010010709core:WithinOneYear2023-04-3010010709core:Non-currentFinancialInstruments2024-04-3010010709core:Non-currentFinancialInstruments2023-04-3010010709bus:PrivateLimitedCompanyLtd2023-05-012024-04-3010010709bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010010709bus:FRS1022023-05-012024-04-3010010709bus:AuditExemptWithAccountantsReport2023-05-012024-04-3010010709bus:Director22023-05-012024-04-3010010709bus:Director32023-05-012024-04-3010010709bus:Director42023-05-012024-04-3010010709bus:Director52023-05-012024-04-3010010709bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP