PINPOINT_BADGES_&_PROMOTI - Accounts

PINPOINT BADGES & PROMOTIONS LIMITED - Company Information

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Company Registration No. 01475486 (England and Wales)

PINPOINT BADGES & PROMOTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

PINPOINT BADGES & PROMOTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

PINPOINT BADGES & PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

42,650

38,000

Tangible assets

218,374

209,068

261,024

247,068

Current assets

Stocks

59,000

15,000

Debtors

385,390

209,533

Cash at bank and in hand

319,701

230,293

764,091

454,826

Creditors: amounts falling due within one year

(631,033)

(459,484)

Net current assets/(liabilities)

133,058

(4,658)

Total assets less current liabilities

394,082

242,410

Creditors: amounts falling due after more than one year

(126,755)

(130,121)

Provisions for liabilities

(948)

(1,788)

266,379

110,501

Capital and reserves

Called up share capital

100

Profit and loss account

266,279

110,401

Shareholders' funds

266,379

110,501

PINPOINT BADGES & PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 September 2015

A L J Sargent

Director

Company Registration No. 01475486

PINPOINT BADGES & PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years. of 20 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

straight line over 50 years

Computer equipment

25% straight line

Fixtures, fittings & equipment

25% straight line

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.9

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

PINPOINT BADGES & PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2014

40,000

230,694

270,694

Additions

7,000

19,972

26,972

Disposals

(2,995)

At 31 December 2014

47,000

247,671

294,671

Depreciation

At 1 January 2014

2,000

21,627

23,627

On disposals

(1,498)

Charge for the year

2,350

9,168

11,518

At 31 December 2014

4,350

29,297

33,647

Net book value

At 31 December 2014

42,650

218,374

261,024

At 31 December 2013

38,000

209,068

247,068

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100