PINNACLE TRADE UK LTD

Company Registration Number:
09911918 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

PINNACLE TRADE UK LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

PINNACLE TRADE UK LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 7,500 10,000
Tangible assets: 4 49,545 26,362
Total fixed assets: 57,045 36,362
Current assets
Stocks: 4,877 6,091
Debtors:   45,243 31,400
Cash at bank and in hand: 37,455 84,941
Total current assets: 87,575 122,432
Creditors: amounts falling due within one year:   (67,207) (68,412)
Net current assets (liabilities): 20,368 54,020
Total assets less current liabilities: 77,413 90,382
Creditors: amounts falling due after more than one year:   (33,389) (44,399)
Total net assets (liabilities): 44,024 45,983
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 44,014 45,973
Shareholders funds: 44,024 45,983

The notes form part of these financial statements

PINNACLE TRADE UK LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 September 2023
and signed on behalf of the board by:

Name: Harminder Singh Chopra
Status: Director

The notes form part of these financial statements

PINNACLE TRADE UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PINNACLE TRADE UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 5 4

PINNACLE TRADE UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 25,000
At 31 December 2022 25,000
Amortisation
At 01 January 2022 15,000
Charge for year 2,500
At 31 December 2022 17,500
Net book value
At 31 December 2022 7,500
At 31 December 2021 10,000

PINNACLE TRADE UK LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 62,250
Additions 35,803
At 31 December 2022 98,053
Depreciation
At 01 January 2022 35,888
Charge for year 12,620
At 31 December 2022 48,508
Net book value
At 31 December 2022 49,545
At 31 December 2021 26,362