Point 1 Solutions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08620353 (England and Wales)

POINT 1 SOLUTIONS LTD

ABBREVIATED ACCOUNTS FOR THE PERIOD 23 JULY 2013 TO 31 JULY 2014

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:

C S Pomroy & Co

Chartered Accountants

Weltech Centre

Ridgeway

Welwyn Garden City

Hertfordshire

AL7 2AA

FIXED ASSETS

Tangible assets

2

495

CURRENT ASSETS

Debtors

13,200

Cash at bank

13,894

27,094

CREDITORS

Amounts falling due within one year

27,402

NET CURRENT LIABILITIES

(308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

187

RESERVES

Profit and loss account

187

SHAREHOLDERS' FUNDS

187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2014 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 19 November 2014 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 April 2008).

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

Additions

742

At 31 July 2014

742

DEPRECIATION

Charge for period

247

At 31 July 2014

247

NET BOOK VALUE

At 31 July 2014

495

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000,000

Preference

0.000001

-

1,000,000 Preference shares of 0.000001 each were allotted and fully paid for cash at par

during the period.