Pinpoint Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12013433 (England and Wales)

PINPOINT MANAGEMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Mr P Spitzer

REGISTERED OFFICE:

First Floor, 94 Stamford Hill

London

N16 6XS

REGISTERED NUMBER:

12013433 (England and Wales)

ACCOUNTANTS:

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

CURRENT ASSETS

Debtors

5

87,182

679

Cash at bank

75,524

69,168

162,706

69,847

CREDITORS

Amounts falling due within one year

6

108,652

54,272

NET CURRENT ASSETS

54,054

15,575

TOTAL ASSETS LESS CURRENT LIABILITIES

54,054

15,575

CREDITORS

Amounts falling due after more than one year

7

31,667

-

NET ASSETS

22,387

15,575

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

22,367

15,555

22,387

15,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2023 and were signed by:

Mr P Spitzer - Director

1.	STATUTORY INFORMATION

Pinpoint Management Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

87,182

679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

31,460

32,810

Taxation and social security

4,768

6,480

Other creditors

62,424

14,982

108,652

54,272

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

31,667

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021:

2022

2021

£

£

Mr P Spitzer

Balance outstanding at start of year

(13,242

)

(3,202

)

Amounts advanced

79,976

(10,040

)

Amounts repaid

(10,731

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

56,003

(13,242

)

9.	RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £1,179 (2021: £679) due from a related company under common control.

Other creditors include amounts aggregating £60,000 (2021: £Nil) due to a related company under common control.