Netpoint Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07567253 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Netpoint Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Vickerman

REGISTERED OFFICE:

Heaton House

Bradford Road

Brighouse

HD6 4BW

REGISTERED NUMBER:

07567253 (England and Wales)

ACCOUNTANTS:

Sochall Smith Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

3,220

3,015

CURRENT ASSETS

Debtors

5

69,382

70,516

Cash at bank and in hand

-

5,597

69,382

76,113

CREDITORS

Amounts falling due within one year

6

67,397

61,670

NET CURRENT ASSETS

1,985

14,443

TOTAL ASSETS LESS CURRENT LIABILITIES

5,205

17,458

PROVISIONS FOR LIABILITIES

612

595

NET ASSETS

4,593

16,863

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,493

16,763

SHAREHOLDERS' FUNDS

4,593

16,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 March 2019 and were signed by:

S Vickerman - Director

1.	STATUTORY INFORMATION

Netpoint Solutions Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

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 6 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2017

2,160

2,429

4,589

Additions

155

1,185

1,340

At 30 June 2018

2,315

3,614

5,929

DEPRECIATION

At 1 July 2017

632

942

1,574

Charge for year

253

882

1,135

At 30 June 2018

885

1,824

2,709

NET BOOK VALUE

At 30 June 2018

1,430

1,790

3,220

At 30 June 2017

1,528

1,487

3,015

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

62,829

70,516

Amounts owed by related undertaking

6,553

-

69,382

70,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

14,377

-

Trade creditors

21,430

23,255

Tax

16,781

20,401

Social security and other taxes

837

901

VAT

5,972

8,250

Directors' current accounts

350

143

Accrued expenses

7,650

8,720

67,397

61,670

7.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the director.