IRIS Accounts Production v24.3.2.46 06909925 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069099252023-06-30069099252024-06-30069099252023-07-012024-06-30069099252022-06-30069099252022-07-012023-06-30069099252023-06-3006909925ns15:EnglandWales2023-07-012024-06-3006909925ns14:PoundSterling2023-07-012024-06-3006909925ns10:Director12023-07-012024-06-3006909925ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006909925ns10:SmallEntities2023-07-012024-06-3006909925ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3006909925ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006909925ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006909925ns10:FullAccounts2023-07-012024-06-3006909925ns10:OrdinaryShareClass12023-07-012024-06-3006909925ns10:Director22023-07-012024-06-3006909925ns10:RegisteredOffice2023-07-012024-06-3006909925ns5:CurrentFinancialInstruments2024-06-3006909925ns5:CurrentFinancialInstruments2023-06-3006909925ns5:Non-currentFinancialInstruments2024-06-3006909925ns5:Non-currentFinancialInstruments2023-06-3006909925ns5:ShareCapital2024-06-3006909925ns5:ShareCapital2023-06-3006909925ns5:CapitalRedemptionReserve2024-06-3006909925ns5:CapitalRedemptionReserve2023-06-3006909925ns5:RetainedEarningsAccumulatedLosses2024-06-3006909925ns5:RetainedEarningsAccumulatedLosses2023-06-3006909925ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-07-012024-06-3006909925ns5:FurnitureFittings2023-07-012024-06-3006909925ns5:ComputerEquipment2023-07-012024-06-3006909925ns5:LandBuildings2023-06-3006909925ns5:FurnitureFittings2023-06-3006909925ns5:ComputerEquipment2023-06-3006909925ns5:LandBuildings2023-07-012024-06-3006909925ns5:LandBuildings2024-06-3006909925ns5:FurnitureFittings2024-06-3006909925ns5:ComputerEquipment2024-06-3006909925ns5:LandBuildings2023-06-3006909925ns5:FurnitureFittings2023-06-3006909925ns5:ComputerEquipment2023-06-3006909925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3006909925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3006909925ns5:Secured2024-06-3006909925ns5:Secured2023-06-3006909925ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 06909925 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30th June 2024

for

Pinnula Limited

Pinnula Limited (Registered number: 06909925)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Pinnula Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: S Kay
D J Farr





REGISTERED OFFICE: Number 1 The Point
Bradmarsh Business Park
Bradmarsh Way
Rotherham
S60 1BP





REGISTERED NUMBER: 06909925 (England and Wales)





ACCOUNTANTS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

Pinnula Limited (Registered number: 06909925)

Statement of Financial Position
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,645 207,967

CURRENT ASSETS
Debtors 5 520,543 451,107
Cash at bank 1,331,767 1,453,803
1,852,310 1,904,910
CREDITORS
Amounts falling due within one year 6 501,727 522,539
NET CURRENT ASSETS 1,350,583 1,382,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,551,228

1,590,338

CREDITORS
Amounts falling due after more than one
year

7

(7,670

)

(10,069

)

PROVISIONS FOR LIABILITIES (2,467 ) (3,042 )
NET ASSETS 1,541,091 1,577,227

CAPITAL AND RESERVES
Called up share capital 9 723 723
Capital redemption reserve 277 277
Retained earnings 1,540,091 1,576,227
SHAREHOLDERS' FUNDS 1,541,091 1,577,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Pinnula Limited (Registered number: 06909925)

Statement of Financial Position - continued
30th June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th March 2025 and were signed on its behalf by:





S Kay - Director


Pinnula Limited (Registered number: 06909925)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Pinnula 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 represents amounts receivable for goods and services net of VAT and trade discounts.

Revenue from the sale of hardware and software is recognised when invoiced. Income from the leasing of equipment and software, and from disaster recovery and consultancy services, is credited to the profit and loss account as earned on an accruals basis.

Income from maintenance and support contracts is credited to the profit and loss account as earned on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


Pinnula Limited (Registered number: 06909925)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.
Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023
and 30th June 2024 251,027 21,356 44,178 316,561
DEPRECIATION
At 1st July 2023 55,230 18,706 34,658 108,594
Charge for year 5,021 397 1,904 7,322
At 30th June 2024 60,251 19,103 36,562 115,916
NET BOOK VALUE
At 30th June 2024 190,776 2,253 7,616 200,645
At 30th June 2023 195,797 2,650 9,520 207,967

Pinnula Limited (Registered number: 06909925)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 497,635 430,047
Other debtors 22,908 21,060
520,543 451,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 2,750 2,750
Trade creditors 33,768 19,149
Taxation and social security 130,391 79,894
Other creditors 334,818 420,746
501,727 522,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,670 10,069

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 10,420 12,819

The bank loan is secured over the land and buildings.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
723 Ordinary £1 723 723

Pinnula Limited

Report of the Accountants to the Directors of
Pinnula Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30th June 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA


5th March 2025