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Registered number: SC396627

Pinnacle Pipe Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024


Pinnacle Pipe Supplies Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Brian R Toman
Ann Toman
REGISTERED OFFICE
1 Burnbrae Drive
Linwood
Renfrewshire
PA3 3BW
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC396627

Pinnacle Pipe Supplies Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Pinnacle Pipe Supplies Limited

BALANCE SHEET AT31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets27,9729,966
CURRENT ASSETS
Stock25,25829,298
Debtors434,23752,126
Cash at bank and in hand22,17918,109
81,67499,533
CREDITORS: Amounts falling due within one year577,90792,805
NET CURRENT ASSETS3,7676,728
TOTAL ASSETS LESS CURRENT LIABILITIES11,73916,694
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account11,63916,594
SHAREHOLDERS' FUNDS11,73916,694
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on19/05/2024and signed on their behalf by
.............................
Brian R Toman
Director

Pinnacle Pipe Supplies Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 20%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Pinnacle Pipe Supplies Limited

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/202316,6003,18519,785
At 31/03/202416,6003,18519,785
Depreciation
At 01/04/20237,6772,1429,819
For the year1,7852091,994
At 31/03/20249,4622,35111,813
Net Book Amounts
At 31/03/20247,1388347,972
At 31/03/20238,9231,0439,966
3. STOCK 20242023
££
Stock comprises:
Stock25,25829,298
25,25829,298
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors34,23152,119
CT Overaccrued67
34,23752,126
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax9,72612,934
VAT1,8707,714
Trade creditors63,46669,531
Accruals2,8452,626
77,90792,805

Pinnacle Pipe Supplies Limited

6. EMPLOYEES
20242023
No.No.
Average number of employees22
Average Number of Employees is 2
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100