Pinpoint Technology Limited
Registered number: 13051705
Statement of Financial Position
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 132,959 102,617
Current assets
Debtors 4 3,059 9,557
Cash at bank and in hand 20,841 15,059
23,900 24,616
Creditors: amounts falling due within one year 5 (163,792) (127,133)
Net current liabilities (139,892) (102,517)
Net (liabilities)/assets (6,933) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,033) -
Shareholder's funds (6,933) 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SG Mair
Director
Approved by the board on 15 April 2025
Pinpoint Technology Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the holding company is funding the company in the form of a loan. The holding company is planning to continue this financial support for the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
3 Intangible fixed assets £
Research & development:
Cost
At 1 December 2023 135,359
Additions 64,402
At 30 November 2024 199,761
Amortisation
At 1 December 2023 32,742
Provided during the year 34,060
At 30 November 2024 66,802
Net book value
At 30 November 2024 132,959
At 30 November 2023 102,617
4 Debtors 2024 2023
£ £
Other debtors 3,059 9,557
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,860 3,721
Accruals 1,033 3,312
Other creditors 158,899 120,100
163,792 127,133
6 Other information
Pinpoint Technology Limited is a private company limited by shares and incorporated in England. Its registered office is:
Index House
St George's Lane
Ascot
Berkshire
SL5 7ET
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