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REGISTERED NUMBER: 11890436 (England and Wales)











PINNACLE CONSERVATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PINNACLE CONSERVATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr A J Hickey





REGISTERED OFFICE: Unit K9
The Raylor Centre
James Street
York
YO10 3DW





REGISTERED NUMBER: 11890436 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,171 99,238

CURRENT ASSETS
Stocks 58,515 24,626
Debtors 1,365,802 958,729
Cash at bank 67,834 73,456
1,492,151 1,056,811
CREDITORS
Amounts falling due within one year 940,495 782,132
NET CURRENT ASSETS 551,656 274,679
TOTAL ASSETS LESS CURRENT LIABILITIES 677,827 373,917

CREDITORS
Amounts falling due after more than one
year

(63,779

)

(83,382

)

PROVISIONS FOR LIABILITIES (26,161 ) (18,855 )
NET ASSETS 587,887 271,680

CAPITAL AND RESERVES
Called up share capital 2 100
Retained earnings 587,885 271,580
587,887 271,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Mr A J Hickey - Director


PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Pinnacle Conservation 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 represents amounts receivable for services, where the right to revenue exists, excluding value added tax. Retentions are recognised when invoiced.

Construction contracts:
When the outcome of a construction contact can be estimated reliably, contracts costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Unbilled revenue is included in debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value

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

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.


PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 23 ) .

PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 135,391
Additions 72,639
At 31 March 2023 208,030
DEPRECIATION
At 1 April 2022 36,153
Charge for year 45,706
At 31 March 2023 81,859
NET BOOK VALUE
At 31 March 2023 126,171
At 31 March 2022 99,238

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 80,365
DEPRECIATION
At 1 April 2022 23,738
Charge for year 20,090
At 31 March 2023 43,828
NET BOOK VALUE
At 31 March 2023 36,537
At 31 March 2022 56,627

PINNACLE CONSERVATION LIMITED (REGISTERED NUMBER: 11890436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 44,904 -

Hire purchase contracts are secured on the assets concerned.

6. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases of £5,680 (2022: £9,940).

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr A J Hickey
Balance outstanding at start of year 51,253 10,761
Amounts advanced 67,376 40,492
Amounts repaid (52,226 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,403 51,253

8. RELATED PARTY DISCLOSURES

The directors loan account is interest free and repayable on demand, details of advances and credits are included separately.

Dividends were paid to directors of £110,000 (2022 £80,000)