POINTIS SOLUTIONS LIMITED

POINTIS SOLUTIONS LIMITED - Company Information

2019-04-012020-03-312020-03-31false10172079POINTIS SOLUTIONS 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Registered Number
10172079
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2020

POINTIS SOLUTIONS LIMITED

Company Information
for the year from 1 April 2019 to 31 March 2020


Directors	SARAC, Harun


Registered Address	27 Old Gloucester Street
	London
	WC1N 3AX


Registered Number	10172079 (England and Wales)

POINTIS SOLUTIONS LIMITED

Balance Sheet as at
31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible assets	4	240	476
Current assets
Stocks		20,524
Debtors		45,553	22,026
Cash at bank and on hand		19,346	9,777
Creditors amounts falling due within one year		(76,718)	(25,911)
Net current assets (liabilities)		8,705	5,892
Total assets less current liabilities		8,945	6,368
Creditors amounts falling due after one year		(6,346)
Net assets		2,599	6,368
Capital and reserves
Called up share capital		1	1
Profit and loss account		2,598	6,367
Shareholders' funds		2,599	6,368

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2020, and are signed on its behalf by:

SARAC, Harun
Director
Registered Company No. 10172079

POINTIS SOLUTIONS LIMITED

Notes to the financial statements
for the year ended 31 March 2020

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Reducing balance (%)
	Office Equipment	25

	Inventories policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

3.	EMPLOYEE INFORMATION

		2020		2019
	Average number of employees during the year	0		0

4.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 19	942
	At 31 March 20	942
	Depreciation and impairment
	At 01 April 19	467
	Charge for year	235
	At 31 March 20	702
	Net book value
	At 31 March 20	240
	At 31 March 19	476