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REGISTERED NUMBER: 06488563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pinnacle Electrical Services Limited

Pinnacle Electrical Services Limited (Registered number: 06488563)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pinnacle Electrical Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Ward





SECRETARY: Mrs N Ward





REGISTERED OFFICE: 11 Maidstone Road
Rainham
Gillingham
Kent
ME8 0DH





REGISTERED NUMBER: 06488563 (England and Wales)





ACCOUNTANTS: Lowther Accounting & Business Solutions Ltd
14 Westerly Way
St Mary's Island
Chatham
Kent
ME4 3AA

Pinnacle Electrical Services Limited (Registered number: 06488563)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,795 66,494

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 164,282 221,591
Cash at bank 291,643 53,373
465,925 284,964
CREDITORS
Amounts falling due within one year 6 104,560 86,662
NET CURRENT ASSETS 361,365 198,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,160

264,796

PROVISIONS FOR LIABILITIES 776 776
NET ASSETS 406,384 264,020

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 406,284 263,920
406,384 264,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Electrical Services Limited (Registered number: 06488563)

Balance Sheet - continued
31 March 2024


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 22 April 2024 and were signed by:





D Ward - Director


Pinnacle Electrical Services Limited (Registered number: 06488563)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Pinnacle Electrical Services Limited (Registered number: 06488563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 128,154
Additions 1,608
At 31 March 2024 129,762
DEPRECIATION
At 1 April 2023 61,660
Charge for year 22,307
At 31 March 2024 83,967
NET BOOK VALUE
At 31 March 2024 45,795
At 31 March 2023 66,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,605 177,804
Other debtors 81,677 43,787
164,282 221,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,409 29,826
Taxation and social security 82,896 45,985
Other creditors 4,255 10,851
104,560 86,662