Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2023-08-01falseElectrical installation45trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12098871 2023-08-01 2024-07-31 12098871 2022-08-01 2023-07-31 12098871 2024-07-31 12098871 2023-07-31 12098871 c:Director1 2023-08-01 2024-07-31 12098871 d:CurrentFinancialInstruments 2024-07-31 12098871 d:CurrentFinancialInstruments 2023-07-31 12098871 d:Non-currentFinancialInstruments 2024-07-31 12098871 d:Non-currentFinancialInstruments 2023-07-31 12098871 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 12098871 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12098871 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 12098871 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12098871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-07-31 12098871 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 12098871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 12098871 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 12098871 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-07-31 12098871 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12098871 d:ShareCapital 2024-07-31 12098871 d:ShareCapital 2023-07-31 12098871 d:RetainedEarningsAccumulatedLosses 2024-07-31 12098871 d:RetainedEarningsAccumulatedLosses 2023-07-31 12098871 c:OrdinaryShareClass2 2023-08-01 2024-07-31 12098871 c:OrdinaryShareClass2 2024-07-31 12098871 c:OrdinaryShareClass2 2023-07-31 12098871 c:OrdinaryShareClass3 2023-08-01 2024-07-31 12098871 c:OrdinaryShareClass3 2024-07-31 12098871 c:OrdinaryShareClass3 2023-07-31 12098871 c:OrdinaryShareClass4 2023-08-01 2024-07-31 12098871 c:OrdinaryShareClass4 2024-07-31 12098871 c:OrdinaryShareClass4 2023-07-31 12098871 c:FRS102 2023-08-01 2024-07-31 12098871 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12098871 c:FullAccounts 2023-08-01 2024-07-31 12098871 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12098871 d:WithinOneYear 2024-07-31 12098871 d:WithinOneYear 2023-07-31 12098871 d:BetweenOneFiveYears 2024-07-31 12098871 d:BetweenOneFiveYears 2023-07-31 12098871 2 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12098871









PINNACLE MEP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
PINNACLE MEP LIMITED
REGISTERED NUMBER: 12098871

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
436,470
295,593

Cash at bank and in hand
 5 
475,891
1,194,559

  
912,361
1,490,152

Creditors: amounts falling due within one year
 6 
(546,328)
(1,117,270)

Net current assets
  
 
 
366,033
 
 
372,882

Total assets less current liabilities
  
366,033
372,882

Creditors: amounts falling due after more than one year
 7 
(30,635)
(36,359)

  

Net assets
  
335,398
336,523


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
334,398
335,523

  
335,398
336,523


Page 1

 
PINNACLE MEP LIMITED
REGISTERED NUMBER: 12098871
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2025.




T Edwards
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Pinnacle MEP Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is The Grange, Market Square, Westerham, TN16 1HB. 
The principal activity of the company during the year has been that of building services contractors.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Long-term contracts

In accordance with FRS 102, profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made  for losses on all contracts in the year in which they are first foreseen. Amounts recoverable on long-term contracts are included in debtors. Where amounts have been received and exceed amounts recovered, the net amounts are included in creditors as payments on account.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







4
5

Page 5

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Debtors

2024
2023
£
£


Trade debtors
200,246
207,251

Other debtors
36,117
35,172

Prepayments and accrued income
30,857
3,170

Amounts recoverable on long term contracts
169,250
50,000

436,470
295,593



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
475,891
1,194,559

475,891
1,194,559



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,774
5,632

Payments received on account
211,700
784,000

Trade creditors
310,227
301,724

Corporation tax
3,486
2,236

Other taxation and social security
6,563
12,690

Other creditors
1,778
4,488

Accruals and deferred income
6,800
6,500

546,328
1,117,270



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
30,635
36,359


Page 6

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,774
5,632

Amounts falling due 1-2 years

Bank loans
5,421
5,774

Amounts falling due 2-5 years

Bank loans
19,173
18,213

Amounts falling due after more than 5 years

Bank loans
6,041
12,372

36,409
41,991



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



500 (2023 - 500) Ordinary 'A' shares of £1.00 each
500
500
250 (2023 - 250) Ordinary 'B' shares of £1.00 each
250
250
250 (2023 - 250) Ordinary 'C' shares of £1.00 each
250
250

1,000

1,000



10.


Commitments under operating leases

At 31 July 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
8,500
8,500

Later than 1 year and not later than 5 years
4,958
13,458

13,458
21,958

Page 7

 
PINNACLE MEP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.


Related party transactions

As at 31 July 2024 amounts were due to the directors amounting to £1,030 (2023: £4,065). These balances are repayable on demand and no interest is payable.

 
Page 8