| |
|
2025 |
| |
|
£ |
£ |
| Fixed assets |
|
|
16,527 |
| Creditors: amount falling due within one year |
|
(16,526) |
|
|
Net current assets
|
|
|
(16,526)
|
|
Total assets less current liabilities
|
|
|
1 |
|
Net assets
|
|
|
1 |
| |
|
|
|
|
|
Capital and reserves
|
|
|
1 |
| |
NOTES TO THE ACCOUNTS
General Information
Project Point AI Ltd is a private company, limited by shares, registered in England and Wales, registration number 15426602, registration address 2 Claridge Court, Lower Kings Road, Berkhamsted, Hertfordshire, HP4 2AF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.
|
| 2. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 19 January 2024 |
- |
|
- |
| Additions |
16,527 |
|
16,527 |
| Disposals |
- |
|
- |
| At 31 January 2025 |
16,527 |
|
16,527 |
| Amortisation |
| At 19 January 2024 |
- |
|
- |
| Charge for period |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 January 2025 |
- |
|
- |
| Net book values |
| At 31 January 2025 |
16,527 |
|
16,527 |
| At 18 January 2024 |
- |
|
- |
|
| 3. |
Average number of employees
Average number of employees during the period was 0.
|
For the period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 12 September 2025 and were signed by: --------------------------------
Jay Da Conceicao
Director |
1
|