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REGISTERED NUMBER: 06663115 (England and Wales)















POINTONE POS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






POINTONE POS LTD (REGISTERED NUMBER: 06663115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POINTONE POS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: S L Rolfe





SECRETARY: S L Rolfe





REGISTERED OFFICE: Teme House Langstone Business Park
Priory Drive
Newport
Gwent
NP18 2LH





REGISTERED NUMBER: 06663115 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

POINTONE POS LTD (REGISTERED NUMBER: 06663115)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,518 10,733
Tangible assets 5 5,354 10,767
13,872 21,500

CURRENT ASSETS
Stocks 54,094 120,360
Debtors 6 196,239 262,572
Cash at bank 131 63,304
250,464 446,236
CREDITORS
Amounts falling due within one year 7 434,456 338,979
NET CURRENT (LIABILITIES)/ASSETS (183,992 ) 107,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

(170,120

)

128,757

CREDITORS
Amounts falling due after more than one
year

8

(66,667

)

(116,667

)

PROVISIONS FOR LIABILITIES - (2,046 )
NET (LIABILITIES)/ASSETS (236,787 ) 10,044

POINTONE POS LTD (REGISTERED NUMBER: 06663115)

BALANCE SHEET - continued
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (236,887 ) 9,944
SHAREHOLDERS' FUNDS (236,787 ) 10,044

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

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

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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th December 2024 and were signed by:





S L Rolfe - Director


POINTONE POS LTD (REGISTERED NUMBER: 06663115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Pointone Pos Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, and has been fully amortised.

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.

Intellectual property and web development are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Demo kit - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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.


POINTONE POS LTD (REGISTERED NUMBER: 06663115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 22 ) .

POINTONE POS LTD (REGISTERED NUMBER: 06663115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 15,000 38,556 53,556
AMORTISATION
At 1st September 2023 15,000 27,823 42,823
Charge for year - 2,215 2,215
At 31st August 2024 15,000 30,038 45,038
NET BOOK VALUE
At 31st August 2024 - 8,518 8,518
At 31st August 2023 - 10,733 10,733

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property Demo kit fittings equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 17,994 3,942 14,140 54,871 90,947
Additions - - - 371 371
At 31st August 2024 17,994 3,942 14,140 55,242 91,318
DEPRECIATION
At 1st September 2023 17,888 1,685 11,521 49,086 80,180
Charge for year 106 788 1,403 3,487 5,784
At 31st August 2024 17,994 2,473 12,924 52,573 85,964
NET BOOK VALUE
At 31st August 2024 - 1,469 1,216 2,669 5,354
At 31st August 2023 106 2,257 2,619 5,785 10,767

POINTONE POS LTD (REGISTERED NUMBER: 06663115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,239 141,685
Amounts owed by group undertakings 282 -
Other debtors 13,433 13,433
Directors' current accounts - 27,000
Self Service Software Ltd - 4,500
Accrued income 8,460 22,305
Prepayments 75,825 53,649
196,239 262,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,305 50,000
Trade creditors 66,346 48,860
Lock Stock Investments Ltd - 410
Amounts owed to group undertakings 109,192 -
Corporation tax 100 21,466
Social security and other taxes 27,512 22,878
VAT 31,320 65,767
Other creditors 22,046 23,125
Deferred income 113,564 99,255
Accrued expenses 7,071 7,218
434,456 338,979

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bounceback loan 66,667 116,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

POINTONE POS LTD (REGISTERED NUMBER: 06663115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
S L Rolfe
Balance outstanding at start of year 13,500 10,425
Amounts advanced 5,941 13,500
Amounts repaid (19,441 ) (10,425 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,500

N S L Williams
Balance outstanding at start of year 13,500 10,425
Amounts advanced 5,941 13,500
Amounts repaid (19,441 ) (10,425 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,500