Pinpoint Advisory Limited - Accounts to registrar (filleted) - small 18.2

Pinpoint Advisory Limited - Accounts to registrar (filleted) - small 18.2

PINPOINT ADVISORY LIMITED - Company Information

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REGISTERED NUMBER: 09384165 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

PINPOINT ADVISORY LIMITED
PINPOINT ADVISORY LIMITED (REGISTERED NUMBER: 09384165)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


PINPOINT ADVISORY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







DIRECTOR: P J Whaley





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 09384165 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PINPOINT ADVISORY LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pinpoint Advisory Limited for the year ended 31 January 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Pinpoint Advisory Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pinpoint Advisory Limited and state those matters that we have agreed to state to the director of Pinpoint Advisory Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinpoint Advisory Limited and its director for our work or for this report.

It is your duty to ensure that Pinpoint Advisory Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pinpoint Advisory Limited. You consider that Pinpoint Advisory Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pinpoint Advisory Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


20 May 2021

This page does not form part of the statutory financial statements

Page 2
PINPOINT ADVISORY LIMITED (REGISTERED NUMBER: 09384165)

BALANCE SHEET
31 JANUARY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 704 1,109
Investments 5 4,800 4,800
5,504 5,909

CURRENT ASSETS
Debtors 6 1,174 1,165
Cash at bank 105,066 122,443
106,240 123,608
CREDITORS
Amounts falling due within one year 7 10,426 28,222
NET CURRENT ASSETS 95,814 95,386
TOTAL ASSETS LESS CURRENT
LIABILITIES
101,318
101,295

PROVISIONS FOR LIABILITIES 134 211
NET ASSETS 101,184 101,084

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,084 100,984
SHAREHOLDERS' FUNDS 101,184 101,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 20 May 2021 and were signed by:





P J Whaley - Director


The notes form part of these financial statements

Page 3
PINPOINT ADVISORY LIMITED (REGISTERED NUMBER: 09384165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost

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.

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 1 (2020 - 1 ) .

Page 4 continued...
PINPOINT ADVISORY LIMITED (REGISTERED NUMBER: 09384165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2020
and 31 January 2021 2,574
DEPRECIATION
At 1 February 2020 1,465
Charge for year 405
At 31 January 2021 1,870
NET BOOK VALUE
At 31 January 2021 704
At 31 January 2020 1,109

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2020
and 31 January 2021 4,800
NET BOOK VALUE
At 31 January 2021 4,800
At 31 January 2020 4,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 420 420
Other debtors 754 745
1,174 1,165

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 32 (1 )
Taxation and social security 9,901 27,743
Other creditors 493 480
10,426 28,222

Page 5