Greenpoint Computer Services Ltd

Greenpoint Computer Services Ltd
Registered number:		03715646
Statement of Financial Position
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		66,951			42,569

Current assets
Stocks		10,000			10,000
Debtors	4	203,466			207,887
Cash at bank and in hand		847,246			870,000
		1,060,712			1,087,887

Creditors: amounts falling due within one year	5	(190,774)			(209,915)

Net current assets			869,938			877,972

Total assets less current liabilities			936,889			920,541

Creditors: amounts falling due after more than one year	6		(37,222)			(14,614)

Provisions for liabilities			(11,930)			(5,601)


Net assets			887,737			900,326

Capital and reserves
Called up share capital			2			2
Profit and loss account			887,735			900,324

Shareholders' funds			887,737			900,326

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Green
Director
Approved by the board on 28 November 2025

Greenpoint Computer Services Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					15		15


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 March 2024			33,206		55,968		89,174
	Additions			-		37,899		37,899
	Disposals			-		(9,726)		(9,726)
	At 28 February 2025			33,206		84,141		117,347

	Depreciation
	At 1 March 2024			20,983		25,622		46,605
	Charge for the year			3,056		10,461		13,517
	On disposals			-		(9,726)		(9,726)
	At 28 February 2025			24,039		26,357		50,396

	Net book value
	At 28 February 2025			9,167		57,784		66,951
	At 29 February 2024			12,223		30,346		42,569




4	Debtors					2025		2024
£							£

	Trade debtors					190,293		188,991
	Prepayments					13,153		18,289
	Other debtors					20		607
						203,466		207,887


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		12,110
	Obligations under finance lease and hire purchase contracts					8,408		3,890
	Trade creditors					100,951		94,384
	Accruals					1,365		1,300
	Corporation tax					20,452		23,197
	Other taxes and social security costs					53,154		65,017
	Other creditors					6,444		10,017
						190,774		209,915


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					37,222		14,614


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A Green
	Repayable on demand	528		-		528		-

		528		-		528		-


8	Other information

	Greenpoint Computer Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	109 Cove Road
	Farnborough
	Hampshire
	GU14 0HF