Onpoint Advisory Services Ltd Company accounts

COMPANY REGISTRATION NUMBER: 9361986

Onpoint Advisory Services Ltd

Unaudited Financial Statements

31 December 2024

Onpoint Advisory Services Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Officers and professional advisers	1

Director's report	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	5

Onpoint Advisory Services Ltd

Officers and Professional Advisers

Director M Ashmawy

Registered office	4/4a
	Bloomsbury Square
	London
	ENGLAND
	UK
	WC1A 2RP

Accountants	Begg, Williamson & Co
	Chartered Certified Accountants
	24 Church Road
	Crystal Palace
	London
	UK
	SE19 2ET

Onpoint Advisory Services Ltd

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Director

The director who served the company during the year was as follows:

M Ashmawy

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 1 October 2025 and signed on behalf of the board by:

M Ashmawy
Director

Registered office:

4/4a

Bloomsbury Square

London

ENGLAND

UK

WC1A 2RP

Onpoint Advisory Services Ltd

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	3,420,159	1,216,178

Cost of sales	3,290,872	1,146,688
	------------	------------
Gross profit	129,287	69,490

Administrative expenses	110,289	71,434
	---------	--------
Operating profit/(loss)	18,998	( 1,944)

		---------	--------
Profit/(loss) before taxation	5	18,998	( 1,944)

Tax on profit/(loss)	3,586	–
	--------	-------
Profit/(loss) for the financial year and total comprehensive income	15,412	( 1,944)
	--------	-------

Retained earnings at the start of the year	82,955	84,899
	--------	--------
Retained earnings at the end of the year	98,367	82,955
	--------	--------

All the activities of the company are from continuing operations.

Onpoint Advisory Services Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		1,529	2,853

Current assets

Debtors	7	55,111	( 114,532)
Cash at bank and in hand		434,829	211,474
		---------	---------
		489,940	96,942

Creditors: amounts falling due within one year	8	393,101		16,839
		---------		--------
Net current assets			96,839	80,103
			--------	--------
Total assets less current liabilities			98,368	82,956
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	98,367	82,955
	--------	--------
Shareholder funds	98,368	82,956
	--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

M Ashmawy
Director

Company registration number: 9361986

Onpoint Advisory Services Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4/4a, Bloomsbury Square, London, ENGLAND, WC1A 2RP, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

		-	25% straight line
		-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

*** The following text should be included if there are any compound instruments**** Compound instruments Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability component is accounted for as a financial liability. The residual is the difference between the net proceeds of issue and the liability component (at time of issue). The residual is the equity component, which is accounted for as an equity instrument. The interest expense on the liability component is calculated applying the effective interest rate for the liability component of the instrument. The difference between this amount and any repayments is added to the carrying amount of the liability in the balance sheet.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	3,192	3,192
	-------	-------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024	3,672	12,767	16,439
Additions	–	1,868	1,868
	-------	--------	--------
At 31 December 2024	3,672	14,635	18,307
	-------	--------	--------
Depreciation
At 1 January 2024	3,671	9,915	13,586
Charge for the year	–	3,192	3,192
	-------	--------	--------
At 31 December 2024	3,671	13,107	16,778
	-------	--------	--------
Carrying amount
At 31 December 2024	1	1,528	1,529
	-------	--------	--------
At 31 December 2023	1	2,852	2,853
	-------	--------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	17,173	4,943
Amounts owed by group undertakings and undertakings in which the company has a participating interest	36,684	( 119,475)
Other debtors	1,254	–
	--------	---------
	55,111	( 114,532)
	--------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	374,061	–
Corporation tax	3,586	–
Social security and other taxes	–	1,592
Other creditors	15,454	15,247
	---------	--------
	393,101	16,839
	---------	--------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M Ashmawy	( 12,343)	( 611)	( 12,954)
	--------	----	--------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M Ashmawy	( 9,561)	( 3,186)	(12,747)
	-------	-------	--------

10. Related party transactions

The company was under the control of Mr. M. Ashmawy throughout the current and previous year. Mr. M. Ashmawy is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.