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REGISTERED NUMBER: 13120590 (England and Wales)















POINT ZENITH LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


POINT ZENITH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: K Eze
A P Hill
D Watson





Registered office: 7 Bell Yard
London
WC2A 2JR





Registered number: 13120590 (England and Wales)






POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 31,986 42,144

Current assets
Debtors 5 413,740 124,692
Cash at bank 65 144,554
413,805 269,246
Creditors
Amounts falling due within one year 6 574,541 300,594
Net current liabilities (160,736 ) (31,348 )
Total assets less current liabilities (128,750 ) 10,796

Creditors
Amounts falling due after more than one
year

7

(46,989

)

-

Provisions for liabilities 8 (2,058 ) (3,105 )
Net (liabilities)/assets (177,797 ) 7,691

Capital and reserves
Called up share capital 3 3
Retained earnings (177,800 ) 7,688
(177,797 ) 7,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

BALANCE SHEET - continued
31 MARCH 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:





K Eze - Director


POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Point Zenith Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 5 years and Straight line over 3 years

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties (if any).

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties (if any).

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured a present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable righty to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis, notwithstanding that the company has incurred continued losses during the financial year. The directors have raised additional equity finance since the year-end and are confident in the company's ability to raise sufficient additional equity funding to achieve ongoing profitability.

The company has sufficient headroom within its existing financing facilities to meet its obligations as they fall due. The directors have reviewed cash flow forecasts and believe that the company will be able to operate within these facilities. Based on this assessment, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 7 ) .

POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2023 49,001
Additions 1,328
At 31 March 2024 50,329
Depreciation
At 1 April 2023 6,857
Charge for year 11,486
At 31 March 2024 18,343
Net book value
At 31 March 2024 31,986
At 31 March 2023 42,144

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 398,863 104,804
Other debtors 8,098 451
Prepaid expenses 6,779 19,437
413,740 124,692

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 1,999 -
Trade creditors 18,138 10,543
Social security and other taxes 66,914 -
VAT 83,818 40,835
Other creditors 82,846 2,053
Deferred income 320,826 245,663
Accrued expenses - 1,500
574,541 300,594

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other loans - 1-2 years 46,989 -

POINT ZENITH LTD (REGISTERED NUMBER: 13120590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Provisions for liabilities
2024 2023
£ £
Deferred tax
Accelerated capital allowances 2,058 3,105

Deferred tax
£
Balance at 1 April 2023 3,105
Accelerated capital allowances (1,047 )
Balance at 31 March 2024 2,058

9. Related party disclosures

K Eze

Included in Other Debtors is a loan from the Company to the above director. The balance at the year end was £8,097.88 and the loan was fully repaid before 31 December 2024.