IRIS Accounts Production v24.2.0.383 08830183 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary "A" 1.00000 Ordinary "B" 1.00000 Ordinary "C" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088301832022-12-31088301832023-12-31088301832023-01-012023-12-31088301832021-12-31088301832022-01-012022-12-31088301832022-12-3108830183ns15:EnglandWales2023-01-012023-12-3108830183ns14:PoundSterling2023-01-012023-12-3108830183ns10:Director12023-01-012023-12-3108830183ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108830183ns10:SmallEntities2023-01-012023-12-3108830183ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108830183ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108830183ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108830183ns10:FullAccounts2023-01-012023-12-3108830183ns10:OrdinaryShareClass12023-01-012023-12-3108830183ns10:OrdinaryShareClass22023-01-012023-12-3108830183ns10:OrdinaryShareClass32023-01-012023-12-3108830183ns10:Director22023-01-012023-12-3108830183ns10:RegisteredOffice2023-01-012023-12-3108830183ns5:CurrentFinancialInstruments2023-12-3108830183ns5:CurrentFinancialInstruments2022-12-3108830183ns5:ShareCapital2023-12-3108830183ns5:ShareCapital2022-12-3108830183ns5:RetainedEarningsAccumulatedLosses2023-12-3108830183ns5:RetainedEarningsAccumulatedLosses2022-12-3108830183ns5:PlantMachinery2023-01-012023-12-3108830183ns5:ComputerEquipment2023-01-012023-12-3108830183ns5:PlantMachinery2022-12-3108830183ns5:ComputerEquipment2022-12-3108830183ns5:PlantMachinery2023-12-3108830183ns5:ComputerEquipment2023-12-3108830183ns5:PlantMachinery2022-12-3108830183ns5:ComputerEquipment2022-12-3108830183ns10:OrdinaryShareClass12023-12-3108830183ns10:OrdinaryShareClass22023-12-3108830183ns10:OrdinaryShareClass32023-12-3108830183ns5:RetainedEarningsAccumulatedLosses2022-12-3108830183ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 08830183 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Pinnacle Agri Products Limited

Pinnacle Agri Products Limited (Registered number: 08830183)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pinnacle Agri Products Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr S Morris BSC HONS
Mr Z P Morris





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 1 Middlemarsh
Leominster
Herefordshire
HR6 8UP





REGISTERED NUMBER: 08830183 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Pinnacle Agri Products Limited (Registered number: 08830183)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,494 8,090

CURRENT ASSETS
Stocks 5 18,777 58,022
Debtors 6 - 15,512
Cash at bank 52,300 34,840
71,077 108,374
CREDITORS
Amounts falling due within one year 7 31,360 72,495
NET CURRENT ASSETS 39,717 35,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,211

43,969

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 9 45,191 43,949
SHAREHOLDERS' FUNDS 45,211 43,969

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr S Morris BSC HONS - Director


Pinnacle Agri Products Limited (Registered number: 08830183)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Pinnacle Agri Products 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 - 20% on cost
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Pinnacle Agri Products Limited (Registered number: 08830183)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 10,042 2,980 13,022
Disposals (448 ) - (448 )
At 31 December 2023 9,594 2,980 12,574
DEPRECIATION
At 1 January 2023 3,190 1,742 4,932
Charge for year 2,008 408 2,416
Eliminated on disposal (268 ) - (268 )
At 31 December 2023 4,930 2,150 7,080
NET BOOK VALUE
At 31 December 2023 4,664 830 5,494
At 31 December 2022 6,852 1,238 8,090

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 18,777 58,022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other provisions - 15,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,079 5,743
Corporation tax 5,123 9,997
VAT 6,644 -
Directors' current accounts 17,314 55,255
Accrued expenses 1,200 1,500
31,360 72,495

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary "A" £1 10 10
5 Ordinary "B" £1 5 5
5 Ordinary "C" £1 5 5
20 20

Pinnacle Agri Products Limited (Registered number: 08830183)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 43,949
Profit for the year 19,242
Dividends (18,000 )
At 31 December 2023 45,191

10. RELATED PARTY DISCLOSURES

During the year a director, Mr S Morris, made net withdrawals from his account of £37,941. The balance on his account at 31 December 2023 was £17,314 in credit (2022 - £55,255).

Also during the year the directors, Mr S Morris and Mr Z P Morris, each received dividends from the company of £9,000 (2022 - £2,000).

11. ULTIMATE CONTROLLING PARTY

Mr S Morris is the ultimate controlling party by virtue of his holding the majority of the company's issued share capital.