Pointzero Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04151965 (England and Wales)

Pointzero Limited

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

R G Wood

M R Browne

M L Moore

SECRETARY:

R G Wood

REGISTERED OFFICE:

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

REGISTERED NUMBER:

04151965 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Pointzero Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the 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 at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of Pointzero Limited, as a body, in accordance with the

terms of our engagement letter dated 1 November 2010. Our work has been undertaken solely to prepare for

your approval the financial statements of Pointzero Limited and state those matters that we have agreed to

state to the Board of Directors of Pointzero Limited, as a body, in this report in accordance with AAF 2/10 as

detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this

report.

It is your duty to ensure that Pointzero 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 Pointzero Limited. You consider that Pointzero 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 Pointzero 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.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

17 December 2014

FIXED ASSETS

Intangible assets

2

1,833

4,033

Tangible assets

3

7,645

7,328

9,478

11,361

CURRENT ASSETS

Stocks

1,195

1,708

Debtors

72,789

49,834

Cash at bank and in hand

53,628

16,705

127,612

68,247

CREDITORS

Amounts falling due within one year

21,537

12,151

NET CURRENT ASSETS

106,075

56,096

TOTAL ASSETS LESS CURRENT LIABILITIES

115,553

67,457

PROVISIONS FOR LIABILITIES

618

354

NET ASSETS

114,935

67,103

CAPITAL AND RESERVES

Called up share capital

4

3

3

Profit and loss account

114,932

67,100

SHAREHOLDERS' FUNDS

114,935

67,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 December 2014 and were signed on its behalf by:

R G Wood - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

22,000

AMORTISATION

At 1 April 2013

17,967

Amortisation for year

2,200

At 31 March 2014

20,167

NET BOOK VALUE

At 31 March 2014

1,833

At 31 March 2013

4,033

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Office

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2013

9,032

27,864

3,010

39,906

Additions

2,745

-

120

2,865

At 31 March 2014

11,777

27,864

3,130

42,771

DEPRECIATION

At 1 April 2013

4,949

24,932

2,697

32,578

Charge for year

1,707

733

108

2,548

At 31 March 2014

6,656

25,665

2,805

35,126

NET BOOK VALUE

At 31 March 2014

5,121

2,199

325

7,645

At 31 March 2013

4,083

2,932

313

7,328

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

£1.00

3

3

5.	ULTIMATE CONTROLLING PARTY

The directors consider that there is no ultimate controlling party.