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REGISTERED NUMBER: 09427956 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PINNACLE ORTHODONTICS LIMITED

PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PINNACLE ORTHODONTICS LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: J Campbell
Mrs K K Johal





REGISTERED OFFICE: 343 Birchfield Road
Webheath
Redditch
Worcestershire
B97 4NE





REGISTERED NUMBER: 09427956 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,281 -
4,281 -

CURRENT ASSETS
Stocks 10,000 8,500
Debtors 6 1,069,233 1,137,248
Cash at bank and in hand 1,068,095 636,962
2,147,328 1,782,710
CREDITORS
Amounts falling due within one year 7 977,498 947,706
NET CURRENT ASSETS 1,169,830 835,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,174,111

835,004

CREDITORS
Amounts falling due after more than one
year

8

12,263

22,512
NET ASSETS 1,161,848 812,492

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,161,748 812,392
1,161,848 812,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)

BALANCE SHEET - continued
29 February 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 Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





Mrs K K Johal - Director


PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Pinnacle Orthodontics 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Computer equipment - 33% on cost

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.

PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 616,950
AMORTISATION
At 1 March 2023
and 29 February 2024 616,950
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 3,529 1,508 5,037
At 29 February 2024 3,529 1,508 5,037
DEPRECIATION
Charge for year 588 168 756
At 29 February 2024 588 168 756
NET BOOK VALUE
At 29 February 2024 2,941 1,340 4,281

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,686 243,194
Amounts owed by associates 385,400 330,000
Other debtors 441,472 441,472
Other debtors - GJ Healthcare 166,416 119,490
Directors' current accounts 17,198 -
Prepayments 5,061 3,092
1,069,233 1,137,248

PINNACLE ORTHODONTICS LIMITED (REGISTERED NUMBER: 09427956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,238 9,988
Trade creditors 1,940 3,641
Amounts owed to associates 608,143 520,471
Tax 112,253 89,424
Associates control account 5,875 5,945
Directors' current accounts - 12,430
Deferred income 230,369 297,481
Accrued expenses 8,680 8,326
977,498 947,706

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,263 10,237
Bank loans - 2-5 years - 12,275
12,263 22,512

9. RELATED PARTY DISCLOSURES

During the year a related company under the control of the director was owed by the company a total of £608,143 (2023 - £520,471) and recharged costs of £83,891 (2023 - £72,918)) to the company.

Included in debtors are loans of £166,416 (2023 - £119,490) and £385,400 (2023 - £330,000) owed by company under the control of one of the directors and close family.These loans are unsecured, interest free and repayable on demand.