SINGLE POINT LTD

Company Registration Number:
08353608 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SINGLE POINT LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

SINGLE POINT LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 0 28
Total fixed assets: 0 28
Current assets
Debtors: 4 1,988 232
Cash at bank and in hand: 515 7,831
Total current assets: 2,503 8,063
Creditors: amounts falling due within one year: 5 (2,760) (3,084)
Net current assets (liabilities): (257) 4,979
Total assets less current liabilities: (257) 5,007
Creditors: amounts falling due after more than one year: 6 (3,800) (5,000)
Total net assets (liabilities): (4,057) 7
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,058) 6
Shareholders funds: (4,057) 7

The notes form part of these financial statements

SINGLE POINT LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2025
and signed on behalf of the board by:

Name: Mr A Board
Status: Director

The notes form part of these financial statements

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of consideration received and receivable in respect of services provided, net of any refunds, discounts and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets comprising plant and machinery is stated at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life at the rate of 33% on the reducing balance basis.

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 318
Disposals (318)
At 31 May 2024 0
Depreciation
At 01 June 2023 290
On disposals (290)
At 31 May 2024 0
Net book value
At 31 May 2024 0
At 31 May 2023 28

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

Debtors due within one year comprise solely other debtors at 31 May 2024 and at 31 May 2023.

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

At 31 May 2024 - Other creditors £2,760. At 31 May 2023 - Other creditors £3,084.

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

At 31 May 2024 £3,800 - loan due within two to three years; at 31 May 2023 £5,000 - loan due within five years.

SINGLE POINT LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Loans to directors

Name of director receiving advance or credit: Mr A Board
Description of the loan: Advance
£
Balance at 01 June 2023 0
Advances or credits made: 1,988
Balance at 31 May 2024 1,988

The advance to the director is unsecured, interest-free and repayable upon demand.