Pinpoint Music Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02050643

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Pinpoint Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Atkinson

SECRETARY:

Mrs H M Atkinson

REGISTERED OFFICE:

The Birches

Pylands Lane

Bursledon

Southampton

Hampshire

SO31 1BH

REGISTERED NUMBER:

02050643

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

17,821

24,171

CURRENT ASSETS

Stocks

5

5,200

3,750

Debtors

6

9,095

13,219

Cash at bank and in hand

54,839

25,933

69,134

42,902

CREDITORS

Amounts falling due within one year

7

18,517

15,302

NET CURRENT ASSETS

50,617

27,600

TOTAL ASSETS LESS CURRENT
LIABILITIES

68,438

51,771

CREDITORS

Amounts falling due after more than one
year

8

14,685

22,265

NET ASSETS

53,753

29,506

CAPITAL AND RESERVES

Called up share capital

9

1,500

Retained earnings

10

52,253

28,006

SHAREHOLDERS' FUNDS

53,753

29,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 14 October 2025 and were signed by:

Mr A J Atkinson - Director

1.	STATUTORY INFORMATION

Pinpoint Music Limited is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements have been prepared under the Going Concern basis due to the continuing support of the company's bank and director.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 March 2024

24,473

8,573

25,990

5,970

65,006

Disposals

-

(3,380

)

(3,380

)

At 28 February 2025

24,473

8,573

25,990

2,590

61,626

DEPRECIATION

At 1 March 2024

23,692

8,462

3,249

5,432

40,835

Charge for year

195

28

5,685

442

6,350

Eliminated on disposal

-

(3,380

)

(3,380

)

At 28 February 2025

23,887

8,490

8,934

2,494

43,805

NET BOOK VALUE

At 28 February 2025

586

83

17,056

96

17,821

At 29 February 2024

781

111

22,741

538

24,171

5.

STOCKS

28.2.25

29.2.24

£

Stocks

5,200

3,750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

5,328

9,781

Other debtors

1,652

Prepayments

2,115

1,786

9,095

13,219

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade creditors

527

558

Corporation tax

11,598

1,638

Social security and other taxes

334

VAT

3,696

6,981

Other creditors

40

-

Directors' current accounts

1,209

4,703

Accrued expenses

1,113

1,088

18,517

15,302

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

28.2.25

29.2.24

£

Bank loans - 2-5 years

5,880

9,938

Hire purchase contracts

8,805

12,327

14,685

22,265

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

1,500

Ordinary

£1

1,500

10.

RESERVES

Retained

earnings

£

At 1 March 2024

28,006

Profit for the year

39,747

Dividends

(15,500

)

At 28 February 2025

52,253

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

Mr A J Atkinson

Balance outstanding at start of year

(4,703

)

(212

)

Amounts advanced

55,178

58,917

Amounts repaid

(51,684

)

(63,408

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(1,209

)

(4,703

)

12.	RELATED PARTY DISCLOSURES

The company was under the control of Mr A J Atkinson throughout the current and previous year as shown in the directors report

No transactions with related parties were undertaken such as are required to be disclosed under Section 1A "small entities" for Financial Reporting Standard 102.