Point 1 Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08620353 (England and Wales)

POINT 1 SOLUTIONS LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M Ward

REGISTERED OFFICE:

786 St. Albans Road

Watford

WD25 9FH

REGISTERED NUMBER:

08620353 (England and Wales)

ACCOUNTANTS:

Pomroy Associates Ltd

Chartered Accountants

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

FIXED ASSETS

Tangible assets

2

1,460

486

CURRENT ASSETS

Debtors

4,984

3,835

Cash at bank

10,936

24,271

15,920

28,106

CREDITORS

Amounts falling due within one year

38,327

27,597

NET CURRENT (LIABILITIES)/ASSETS

(22,407

)

509

TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,947

)

995

RESERVES

Profit and loss account

(20,947

)

995

SHAREHOLDERS' FUNDS

(20,947

)

995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 July 2017 and were signed by:

J M Ward - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Computer equipment

-

33% on cost

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

1,059

Additions

1,460

At 31 July 2016

2,519

DEPRECIATION

At 1 August 2015

573

Charge for year

486

At 31 July 2016

1,059

NET BOOK VALUE

At 31 July 2016

1,460

At 31 July 2015

486

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000,000

Preference

0.000001

-