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REGISTERED NUMBER: 05779834 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

PINNACLE LOFT CONVERSIONS (UK) LIMITED

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINNACLE LOFT CONVERSIONS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: Mr P J Hadfield
Mrs C M Hadfield
Mr M Hadfield





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 05779834 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,259 37,580

CURRENT ASSETS
Stocks 5 6,198 31,691
Debtors 6 13,709 5,694
Cash at bank 117,588 49,987
137,495 87,372
CREDITORS
Amounts falling due within one year 7 (61,697 ) (29,745 )
NET CURRENT ASSETS 75,798 57,627
TOTAL ASSETS LESS CURRENT LIABILITIES 100,057 95,207

PROVISIONS FOR LIABILITIES 8 (5,925 ) (7,010 )
NET ASSETS 94,132 88,197

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 94,032 88,097
SHAREHOLDERS' FUNDS 94,132 88,197

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

BALANCE SHEET - continued
30TH APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th November 2023 and were signed on its behalf by:





Mr P J Hadfield - Director


PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023


1. STATUTORY INFORMATION

Pinnacle Loft Conversions (UK) 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 net invoice value of goods and services provided in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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 3 (2022 - 3 ) .

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2022 176 88,370 2,731 91,277
Disposals - (8,995 ) - (8,995 )
At 30th April 2023 176 79,375 2,731 82,282
DEPRECIATION
At 1st May 2022 102 50,865 2,730 53,697
Charge for year 58 13,262 1 13,321
Eliminated on disposal - (8,995 ) - (8,995 )
At 30th April 2023 160 55,132 2,731 58,023
NET BOOK VALUE
At 30th April 2023 16 24,243 - 24,259
At 30th April 2022 74 37,505 1 37,580

5. STOCKS
30.4.23 30.4.22
£    £   
Stocks 169 640
Work-in-progress 6,029 31,051
6,198 31,691

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 9,656 -
Other debtors 4,053 5,694
13,709 5,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 6,199 3,492
Taxation and social security 51,075 21,466
Other creditors 4,423 4,787
61,697 29,745

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 5,925 7,010

Deferred
tax
£   
Balance at 1st May 2022 7,010
Credit to Statement of Income and Retained Earnings during
year

(1,085

)
Balance at 30th April 2023 5,925

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1st May 2022 88,097
Profit for the year 125,935
Dividends (120,000 )
At 30th April 2023 94,032

PINNACLE LOFT CONVERSIONS (UK) LIMITED (REGISTERED NUMBER: 05779834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2023 and 30th April 2022:

30.4.23 30.4.22
£    £   
Mr P J Hadfield
Balance outstanding at start of year (33 ) 8,385
Amounts advanced 497 168
Amounts repaid (312 ) (8,586 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 152 (33 )

The maximum balance the Directors Loan Account was overdrawn by during the year was £464. Amounts are repayable on demand.