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PINNACLE KARMA CONSULTANCY LTD
Registered Number:11906396
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
PINNACLE KARMA CONSULTANCY LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11906396
As at 31 March 2024
PINNACLE KARMA CONSULTANCY LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,519
3,149
2
2,519
3,149
Current assets
Trade and other receivables
104,601
92,081
3
2,437
Cash and cash equivalents
4,457
96,538
107,038
Trade and other payables: amounts falling due within one
year
(29,238)
(7,974)
4
77,800
88,564
Net current assets
Total assets less current liabilities
91,083
80,949
Trade and other payables: amounts falling due after more
than one year
(5,700)
(3,900)
5
87,183
Net assets
75,249
Capital and reserves
Called up share capital
100
100
Retained earnings
87,083
75,149
87,183
75,249
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs A Gupta Director
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2024
PINNACLE KARMA CONSULTANCY LTD
Notes to the Financial Statements
Statutory Information
PINNACLE KARMA CONSULTANCY LTD is a private limited company, limited by shares, domiciled in England and
Wales, registration number 11906396.
Registered address:
3 Mayfield Avenue
Harrow, Middlesex
HA3 8EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 % Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 April 2023
4,920
At 31 March 2024
4,920
Provision for depreciation and impairment
At 01 April 2023
1,771
Charge for year
630
At 31 March 2024
2,401
At 31 March 2024
Net book value
2,519
At 31 March 2023
3,149
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5
For the year ended 31 March 2024
PINNACLE KARMA CONSULTANCY LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
-
33,300
Other debtors
92,081
71,301
104,601
92,081
The debtors above include the following amounts falling due after more than one year:
Other debtors
92,081
71,301
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5
-
Taxation and social security
2,924
2,631
Other creditors
5,045
26,607
7,974
29,238
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
3,900
5,700
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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