Company Registration No. 14750604 (England and Wales)
point Blank Newcastle Limited
Unaudited accounts
for the year ended 31 March 2025
point Blank Newcastle Limited
Unaudited accounts
Contents
point Blank Newcastle Limited
Company Information
for the year ended 31 March 2025
Directors
Mark Jonathan Rushton
Philip Kenneth Hale
Company Number
14750604 (England and Wales)
Registered Office
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
United Kingdom
Accountants
Abacus Accounting (NE) Limited
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
point Blank Newcastle Limited
Statement of financial position
as at 31 March 2025
Intangible assets
8,000
9,000
Tangible assets
11,362
10,448
Cash at bank and in hand
7,676
4,744
Creditors: amounts falling due within one year
(228,287)
(266,377)
Net current assets
1,368
65,821
Called up share capital
100
100
Profit and loss account
20,630
85,169
Shareholders' funds
20,730
85,269
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by
Mark Jonathan Rushton
Director
Company Registration No. 14750604
point Blank Newcastle Limited
Notes to the Accounts
for the year ended 31 March 2025
point Blank Newcastle Limited is a private company, limited by shares, registered in England and Wales, registration number 14750604. The registered office is 3a Blue Sky Way, Monkton Business Park South, Hebburn, Tyne and Wear, NE31 2EQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Fixtures & fittings
10% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Expenditure on research and development is written off in the year in which it is incurred.
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.
point Blank Newcastle Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Raw materials
9,793
10,796
Amounts falling due within one year
Trade debtors
5,161
14,885
Amounts due from group undertakings etc.
184,880
289,806
Accrued income and prepayments
22,145
11,967
point Blank Newcastle Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
79,568
173,324
Taxes and social security
52,142
29,647
Other creditors
23,620
28,071
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Point Blank Newcastle Limited is a wholly owned subsidiary of point Blank Group Limited who are registered in England and Wales with the Company Number 14752646 and whose Registered address is:
3a Blue Sky Way
Monkton Business Park South
Hebburn
Tyne and Wear
NE31 2EQ
11
Average number of employees
During the year the average number of employees was 11 (2024: 11).