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Registered Number: 08926784
England and Wales

 

 

 

PINPOINT WEALTH LTD


Financial Statements
 


Period of accounts

Start date: 31 March 2023

End date: 29 March 2024
Directors Nova Group Holdings Ltd
Jamie Peter Phythian
Registered Number 08926784
Registered Office Flat 16 Hatton Garden
Liverpool
Merseyside
L3 2HA
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3   509 
  509 
Current assets      
Debtors 4 5,231    5,231 
Cash at bank and in hand 32,423    37,829 
37,654    43,060 
Creditors: amount falling due within one year 5 (28,436)   (28,166)
Net current assets 9,218    14,894 
 
Total assets less current liabilities 9,218    15,403 
Creditors: amount falling due after more than one year 6 (32,672)   (37,220)
Net assets (23,454)   (21,817)
 

Capital and reserves
     
Called up share capital 2,849    2,849 
Share premium account 7 393,960    393,960 
Profit and loss account (420,263)   (418,626)
Shareholders' funds (23,454)   (21,817)
 


For the year ended 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 March 2025 and were signed on its behalf by:


-------------------------------
Jamie Peter Phythian
Director
2
General Information
PINPOINT WEALTH LTD is a private company, limited by shares, registered in England and Wales, registration number 08926784, registration address Flat 16 Hatton Garden, Liverpool, Merseyside, L3 2HA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 31 March 2023 4,031    4,031 
Additions  
Disposals  
At 29 March 2024 4,031    4,031 
Depreciation
At 31 March 2023 3,522    3,522 
Charge for year 509    509 
On disposals  
At 29 March 2024 4,031    4,031 
Net book values
Closing balance as at 29 March 2024  
Opening balance as at 31 March 2023 509    509 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
PAYE & Social Security 695    695 
VAT 2,727    2,727 
3,422    3,422 

4.

Debtors: amounts falling due after one year

2024
£
  2023
£
Called Up Share Capital Not Paid 1,809    1,809 
1,809    1,809 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 16,519    16,519 
Bank Loans & Overdrafts 5,695    5,505 
Accruals 6,222    6,142 
28,436    28,166 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 32,672    37,220 
32,672    37,220 

7.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 393,960    393,960 
393,960    393,960 

3