ACCOUNTS - Final Accounts preparation

Company registration number: 06500417

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	RESTOREPOINT LTD


RESTOREPOINT LTD REGISTERED NUMBER:06500417

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,169,890		1,183,156
Bank and cash balances		-		8,382
		1,169,890		1,191,538
Creditors: amounts falling due within one year	5	-		(15,532)
Net current assets			1,169,890		1,176,006
Total assets less current liabilities			1,169,890		1,176,006

Net assets			1,169,890		1,176,006

Capital and reserves
Called up share capital	6	460	460
Profit and loss account		1,169,430	1,175,546
		1,169,890	1,176,006

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Richard Chart

Director

Date: 30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

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RESTOREPOINT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Restorepoint 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.
The company's principal place of business is Spindrift, Trolver Croft, Truro, TR3 6RT.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year. Revenue is recognised when services are supplied to customers such that risks and rewards of ownership have transferred to them.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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RESTOREPOINT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%
				Office equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Financial Instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 8).

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RESTOREPOINT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	1,169,625	1,183,156
Other debtors	265	-
	1,169,890	1,183,156

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	2,520
Corporation tax	-	13,012
	-	15,532

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

322 (2023 - 322) Ordinary A Shares shares of £1.00 each	322	322
138 (2023 - 138) Ordinary B Shares shares of £1.00 each	138	138

	460	460

7.	Controlling party

The parent undertaking is Sciencelogic Ltd, and the ultimate controlling entity is ScienceLogic Inc.
The ultimate company's registered office is in the United States at 11955 Democracy Dr. Floor 13, Reston, VA 20190. The smallest and the largest group financial statements in which the company's results are
included within, are available from this address.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by James Fox ACA FCCA (Senior Statutory Auditor) on behalf of Menzies LLP.

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