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Company Registration No. 06199489 (England and Wales)
Pinnacle Real Solutions Ltd Unaudited accounts for the year ended 31 July 2023
Pinnacle Real Solutions Ltd Unaudited accounts Contents
Page
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Pinnacle Real Solutions Ltd Company Information for the year ended 31 July 2023
Directors
Kenneth Graham Holden Charlene Holden
Secretary
Charlene Holden
Company Number
06199489 (England and Wales)
Registered Office
610 JUBILEE ROAD LETCHWORTH GARDEN CITY HERTFORDSHIRE SG6 1NE ENGLAND
Accountants
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD
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Pinnacle Real Solutions Ltd Accountants' report
Accountants' report to the board of directors of Pinnacle Real Solutions Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pinnacle Real Solutions Ltd for the year ended 31 July 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Pinnacle Real Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Pinnacle Real Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pinnacle Real Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pinnacle Real Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pinnacle Real Solutions Ltd. You consider that Pinnacle Real Solutions Ltd 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 accounts of Pinnacle Real Solutions Ltd. 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 accounts.
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD 21 September 2023
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Pinnacle Real Solutions Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,790 
60,088 
Current assets
Inventories
32,938 
76,054 
Debtors
105,128 
67,668 
Cash at bank and in hand
11,001 
12,493 
149,067 
156,215 
Creditors: amounts falling due within one year
(131,246)
(95,392)
Net current assets
17,821 
60,823 
Total assets less current liabilities
71,611 
120,911 
Creditors: amounts falling due after more than one year
(49,938)
(87,849)
Net assets
21,673 
33,062 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
21,672 
33,061 
Shareholders' funds
21,673 
33,062 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Kenneth Graham Holden Director Company Registration No. 06199489
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Pinnacle Real Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Pinnacle Real Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06199489. The registered office is 610 JUBILEE ROAD, LETCHWORTH GARDEN CITY, HERTFORDSHIRE, SG6 1NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
2,570 
At 31 July 2023
2,570 
Amortisation
At 1 August 2022
2,570 
At 31 July 2023
2,570 
Net book value
At 31 July 2023
- 
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Pinnacle Real Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
69,590 
63,136 
18,755 
151,481 
Additions
2,171 
7,763 
2,046 
11,980 
Disposals
- 
(15,825)
- 
(15,825)
At 31 July 2023
71,761 
55,074 
20,801 
147,636 
Depreciation
At 1 August 2022
42,908 
37,486 
10,999 
91,393 
Charge for the year
7,163 
7,050 
2,192 
16,405 
On disposals
- 
(13,952)
- 
(13,952)
At 31 July 2023
50,071 
30,584 
13,191 
93,846 
Net book value
At 31 July 2023
21,690 
24,490 
7,610 
53,790 
At 31 July 2022
26,682 
25,650 
7,756 
60,088 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
94,437 
62,355 
Accrued income and prepayments
8,241 
2,863 
Other debtors
2,450 
2,450 
105,128 
67,668 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
30,472 
27,647 
VAT
13,236 
- 
Obligations under finance leases and hire purchase contracts
8,099 
8,339 
Trade creditors
13,875 
3,917 
Taxes and social security
9,578 
25,183 
Other creditors
10,540 
16,306 
Loans from directors
45,446 
14,000 
131,246 
95,392 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,021 
75,492 
Obligations under finance leases and hire purchase contracts
4,917 
12,357 
49,938 
87,849 
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Pinnacle Real Solutions Ltd Notes to the Accounts for the year ended 31 July 2023
9
Transactions with related parties
Purchases of £44,883.71 have been made with Acorn Garage Doors Group Ltd, a company that the directors own 50% of the shares in and are directors.
10
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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