Company Registration No. SC571184 (Scotland)
Pinpoint Engineering Limited
Unaudited accounts
for the year ended 31 July 2025
Pinpoint Engineering Limited
Unaudited accounts
Contents
Pinpoint Engineering Limited
Company Information
for the year ended 31 July 2025
Directors
Colin Stephen Langan
Anthony Stephen Malone
Secretary
Colin Stephen Langan
Company Number
SC571184 (Scotland)
Registered Office
Alexanders
Brodick
Isle of Arran
KA27 8AJ
Scotland
Accountants
Arran Accountancy Limited
Alexanders
Brodick
Isle of Arran
KA27 8HF
Pinpoint Engineering Limited
Statement of financial position
as at 31 July 2025
Tangible assets
31,289
54,449
Cash at bank and in hand
13,251
11,641
Creditors: amounts falling due within one year
(135,436)
(63,997)
Net current (liabilities)/assets
(5,477)
15,297
Total assets less current liabilities
35,612
69,746
Creditors: amounts falling due after more than one year
(19,095)
(56,548)
Provisions for liabilities
Deferred tax
(5,527)
(10,345)
Called up share capital
100
100
Profit and loss account
10,890
2,753
Shareholders' funds
10,990
2,853
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by
Colin Stephen Langan
Director
Company Registration No. SC571184
Pinpoint Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025
Pinpoint Engineering Limited is a private company, limited by shares, registered in Scotland, registration number SC571184. The registered office is Alexanders, Brodick, Isle of Arran, KA27 8AJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% straight line
Motor vehicles
33.3% straight line
Computer equipment
33.3% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pinpoint Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
52,864
79,517
12,138
144,519
Additions
3,296
-
3,129
6,425
Disposals
-
(18,671)
-
(18,671)
At 31 July 2025
56,160
60,846
15,267
132,273
At 1 August 2024
38,709
45,484
5,877
90,070
Charge for the year
8,382
16,683
4,174
29,239
On disposals
-
(18,325)
-
(18,325)
At 31 July 2025
47,091
43,842
10,051
100,984
At 31 July 2025
9,069
17,004
5,216
31,289
At 31 July 2024
14,155
34,033
6,261
54,449
5
Investments
Other investments
Valuation at 1 August 2024
-
Valuation at 31 July 2025
9,800
Amounts falling due within one year
Trade debtors
42,993
39,434
Accrued income and prepayments
3,328
1,037
Other debtors
68,773
14,121
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
3,152
3,074
Obligations under finance leases and hire purchase contracts
39,366
26,663
Trade creditors
38,125
15,611
Taxes and social security
52,960
17,344
Pinpoint Engineering Limited
Notes to the Accounts
for the year ended 31 July 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,095
53,396
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).