Company Registration No. 08564989 (England and Wales)
PINNACLE WORKS LTD
Unaudited accounts
for the period from 1 July 2023 to 31 December 2024
PINNACLE WORKS LTD
Unaudited accounts
Contents
PINNACLE WORKS LTD
Company Information
for the period from 1 July 2023 to 31 December 2024
Directors
HOLCOMBE, David James
HOLCOMBE, Katie Jane
Company Number
08564989 (England and Wales)
Registered Office
UNIT 1 PHOENIX BUSINESS CENTRE
SPUR ROAD
CHICHESTER
PO19 8PN
ENGLAND
PINNACLE WORKS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
232,089
327,443
Inventories
1,180,531
612,995
Cash at bank and in hand
25,950
22,114
Creditors: amounts falling due within one year
(1,280,079)
(658,739)
Net current assets
121,195
162,745
Total assets less current liabilities
353,284
490,188
Creditors: amounts falling due after more than one year
(329,068)
(490,355)
Provisions for liabilities
Deferred tax
(19,354)
(9,561)
Net assets/(liabilities)
4,862
(9,728)
Called up share capital
100
100
Profit and loss account
4,762
(9,828)
Shareholders' funds
4,862
(9,728)
For the period ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
HOLCOMBE, Katie Jane
Director
Company Registration No. 08564989
PINNACLE WORKS LTD
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2024
PINNACLE WORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 08564989. The registered office is UNIT 1 PHOENIX BUSINESS CENTRE, SPUR ROAD, CHICHESTER, PO19 8PN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
18,134
398,037
61,256
477,427
Additions
-
51,350
-
51,350
Disposals
-
(49,500)
-
(49,500)
At 31 December 2024
18,134
399,887
61,256
479,277
At 1 July 2023
15,506
107,679
26,799
149,984
Charge for the period
903
104,565
11,845
117,313
On disposals
-
(20,109)
-
(20,109)
At 31 December 2024
16,409
192,135
38,644
247,188
At 31 December 2024
1,725
207,752
22,612
232,089
At 30 June 2023
2,628
290,358
34,457
327,443
PINNACLE WORKS LTD
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2024
Amounts falling due within one year
Trade debtors
59,442
34,770
Accrued income and prepayments
127,226
143,480
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
349,710
66,368
Obligations under finance leases and hire purchase contracts
69,227
68,352
Trade creditors
243,584
165,255
Taxes and social security
81,832
19,891
Other creditors
118,576
68,903
Loans from directors
272,898
239,348
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
130,380
186,793
Obligations under finance leases and hire purchase contracts
198,688
303,562
8
Average number of employees
During the period the average number of employees was 8 (2023: 8).