Point 64 Limited Filleted Accounts Cover
Point 64 Limited
Company No. 10127460
Information for Filing with The Registrar
30 June 2024
Point 64 Limited Balance Sheet Registrar
at
30 June 2024
Company No.
10127460
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
12,6311,039
12,6311,039
Current assets
Debtors
5
120,167139,571
Cash at bank and in hand
182,84071,796
303,007211,367
Creditors: Amount falling due within one year
6
(70,355)
(24,399)
Net current assets
232,652186,968
Total assets less current liabilities
245,283188,007
Net assets
245,283188,007
Capital and reserves
Called up share capital
100100
Profit and loss account
7
245,183187,907
Total equity
245,283188,007
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 10 April 2025 and signed on its behalf by:
D. Houlker
Director
10 April 2025
Point 64 Limited Notes to the Accounts Registrar
for the year ended 30 June 2024
1
General information
Point 64 Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10127460
Its registered office is:
473 Warrington Road
Culcheth
Warrintgon
Cheshire
WA3 5QU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 July 2023
3,6893,689
Additions
12,12512,125
At 30 June 2024
15,81415,814
Depreciation
At 1 July 2023
2,6502,650
Charge for the year
533533
At 30 June 2024
3,1833,183
Net book values
At 30 June 2024
12,63112,631
At 30 June 2023
1,039
1,039
5
Debtors
2024
2023
£
£
Trade debtors
8,98913,985
Loans to directors
111,178125,586
120,167139,571
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
67,474
22,399
Accruals and deferred income
2,8812,000
70,35524,399
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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