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
Pinnacle Real Solutions Ltd
Company Information
for the year ended 31 July 2023
Directors
Kenneth Graham Holden
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
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
Pinnacle Real Solutions Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
53,790
60,088
Cash at bank and in hand
11,001
12,493
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)
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
Pinnacle Real Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 July 2023
21,690
24,490
7,610
53,790
At 31 July 2022
26,682
25,650
7,756
60,088
Amounts falling due within one year
Trade debtors
94,437
62,355
Accrued income and prepayments
8,241
2,863
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,472
27,647
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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,917
12,357
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).