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Company Registration No. 14368307 (England and Wales)
POINTSEVEN LTD Unaudited accounts for the year ended 30 September 2024
POINTSEVEN LTD Unaudited accounts Contents
Page
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POINTSEVEN LTD Company Information for the year ended 30 September 2024
Director
Mohammadi Ivan Dara
Company Number
14368307 (England and Wales)
Registered Office
44 MORA ROAD LONDON NW2 6TG ENGLAND
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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POINTSEVEN LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,461 
400 
Current assets
Debtors
109,954 
32,270 
Cash at bank and in hand
248,728 
249,100 
358,682 
281,370 
Creditors: amounts falling due within one year
(120,355)
(93,560)
Net current assets
238,327 
187,810 
Net assets
239,788 
188,210 
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
239,786 
188,209 
Shareholders' funds
239,788 
188,210 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
Mohammadi Ivan Dara Director Company Registration No. 14368307
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POINTSEVEN LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
POINTSEVEN LTD is a private company, limited by shares, registered in England and Wales, registration number 14368307. The registered office is 44 MORA ROAD, LONDON, NW2 6TG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing balance
Computer equipment
20% - Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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POINTSEVEN LTD Notes to the Accounts for the year ended 30 September 2024
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
- 
500 
500 
Additions
1,235 
174 
1,409 
At 30 September 2024
1,235 
674 
1,909 
Depreciation
At 1 October 2023
- 
100 
100 
Charge for the year
266 
82 
348 
At 30 September 2024
266 
182 
448 
Net book value
At 30 September 2024
969 
492 
1,461 
At 30 September 2023
- 
400 
400 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
109,284 
31,600 
Other debtors
670 
670 
109,954 
32,270 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
35,094 
25,077 
Taxes and social security
69,192 
65,827 
Other creditors
37 
1,406 
Loans from directors
14,582 
- 
Accruals
1,450 
1,250 
120,355 
93,560 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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