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POINT SHIPPING SERVICES LTD

Registered Number
NI627806
(Northern Ireland)

Unaudited Financial Statements for the Year ended
30 November 2024

POINT SHIPPING SERVICES LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

O'HARE, Mark Gerard
O'HARE, Sineen Mary

Registered Address

8 Charlotte Street
Warrenpoint
Newry
BT34 3LF

Registered Number

NI627806 (Northern Ireland)
POINT SHIPPING SERVICES LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets422,20823,489
22,20823,489
Current assets
Debtors5369,172354,771
Cash at bank and on hand312,099278,904
681,271633,675
Creditors amounts falling due within one year6(547,564)(520,344)
Net current assets (liabilities)133,707113,331
Total assets less current liabilities155,915136,820
Creditors amounts falling due after one year7(16,461)(26,537)
Net assets139,454110,283
Capital and reserves
Called up share capital100100
Profit and loss account139,354110,183
Shareholders' funds139,454110,283
The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2025, and are signed on its behalf by:
O'HARE, Mark Gerard
Director
Registered Company No. NI627806
POINT SHIPPING SERVICES LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year66
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 December 23100,000100,000
At 30 November 24100,000100,000
Amortisation and impairment
At 01 December 23100,000100,000
At 30 November 24100,000100,000
Net book value
At 30 November 24--
At 30 November 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 2340,2006,00019,51765,717
Additions--5,8005,800
At 30 November 2440,2006,00025,31771,517
Depreciation and impairment
At 01 December 2329,7424,1028,38442,228
Charge for year2,6144753,9927,081
At 30 November 2432,3564,57712,37649,309
Net book value
At 30 November 247,8441,42312,94122,208
At 30 November 2310,4581,89811,13323,489
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables369,172354,771
Total369,172354,771
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables407,683469,294
Bank borrowings and overdrafts2,8553,258
Taxation and social security33,51019,505
Other creditors41,42125,287
Accrued liabilities and deferred income62,0953,000
Total547,564520,344
Short term creditors are measured at transaction price (which is usually the invoice 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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts16,46126,537
Total16,46126,537
8.Obligations under finance leases