2023-11-012024-10-312024-10-31false14407714PINNACLE BUILDERS (NEWBURY) 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PINNACLE BUILDERS (NEWBURY) LTD

Registered Number
14407714
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

PINNACLE BUILDERS (NEWBURY) LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

KIMBER, Toby

Company Secretary

KIMBER, Phillippa

Registered Address

2 Toomers Wharf
Canal Walk
Newbury
RG14 1DY

Registered Number

14407714 (England and Wales)
PINNACLE BUILDERS (NEWBURY) LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets22,86228,713
22,86228,713
Current assets
Debtors26,67193,677
Cash at bank and on hand9,28927,612
35,960121,289
Creditors amounts falling due within one year3(45,623)(72,867)
Net current assets (liabilities)(9,663)48,422
Total assets less current liabilities13,19977,135
Creditors amounts falling due after one year4(15,618)(21,300)
Net assets(2,419)55,835
Capital and reserves
Called up share capital100100
Profit and loss account(2,519)55,735
Shareholders' funds(2,419)55,835
The financial statements were approved and authorised for issue by the Director on 14 April 2025, and are signed on its behalf by:
KIMBER, Toby
Director
Registered Company No. 14407714
PINNACLE BUILDERS (NEWBURY) LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The completed work is billed at intervals during the contract term. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20242023
Average number of employees during the year22
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,47530,595
Bank borrowings and overdrafts3,0453,734
Taxation and social security2,5359,638
Finance lease and HP contracts5,6828,869
Other creditors26,88620,031
Total45,62372,867
4.Creditors: amounts due after one year

2024

2023

££
Other creditors15,61821,300
Total15,61821,300
5.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts15,61821,300