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REGISTERED NUMBER: 10713722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2021 TO 31 JULY 2022

FOR

AUDIO PINNACLE LIMITED

AUDIO PINNACLE LIMITED (REGISTERED NUMBER: 10713722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2021 TO 31 JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

AUDIO PINNACLE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2021 TO 31 JULY 2022







DIRECTOR: J Simm





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 10713722 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

AUDIO PINNACLE LIMITED (REGISTERED NUMBER: 10713722)

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,371 7,285

CURRENT ASSETS
Stocks 128,379 126,719
Debtors 5 26,749 11,008
Cash at bank 9,711 11,252
164,839 148,979
CREDITORS
Amounts falling due within one year 6 165,230 132,953
NET CURRENT (LIABILITIES)/ASSETS (391 ) 16,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,980

23,311

CREDITORS
Amounts falling due after more than one
year

7

(33,247

)

(31,875

)

PROVISIONS FOR LIABILITIES (1,452 ) (1,384 )
NET LIABILITIES (29,719 ) (9,948 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,819 ) (10,048 )
SHAREHOLDERS' FUNDS (29,719 ) (9,948 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 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.

AUDIO PINNACLE LIMITED (REGISTERED NUMBER: 10713722)

BALANCE SHEET - continued
31 JULY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





J Simm - Director


AUDIO PINNACLE LIMITED (REGISTERED NUMBER: 10713722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2021 TO 31 JULY 2022

1. STATUTORY INFORMATION

Audio Pinnacle Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

AUDIO PINNACLE LIMITED (REGISTERED NUMBER: 10713722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2021 TO 31 JULY 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021 23,476
Additions 358
At 31 July 2022 23,834
DEPRECIATION
At 1 May 2021 16,191
Charge for period 2,272
At 31 July 2022 18,463
NET BOOK VALUE
At 31 July 2022 5,371
At 30 April 2021 7,285

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 26,749 11,008

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3,762 5,625
Trade creditors 1,429 1,369
Other creditors 160,039 125,959
165,230 132,953

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 33,247 31,875

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Simm.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AUDIO PINNACLE LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Audio Pinnacle Limited for the period ended 31 July 2022 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Audio Pinnacle Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Audio Pinnacle Limited and state those matters that we have agreed to state to the director of Audio Pinnacle Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Audio Pinnacle 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 loss of Audio Pinnacle Limited. You consider that Audio Pinnacle Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Audio Pinnacle 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.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


25 October 2023