Company Registration No. SC584028 (Scotland)
Pinnacle Media Productions Limited
Unaudited accounts
for the year ended 31 December 2024
Pinnacle Media Productions Limited
Unaudited accounts
Contents
Pinnacle Media Productions Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,556
1,562
Cash at bank and in hand
5,407
6,398
Creditors: amounts falling due within one year
(8,234)
(9,897)
Net current (liabilities)/assets
(1,991)
1,095
Total assets less current liabilities
565
2,657
Creditors: amounts falling due after more than one year
(1,102)
(2,608)
Net (liabilities)/assets
(537)
49
Called up share capital
1
1
Profit and loss account
(538)
48
Shareholders' funds
(537)
49
For the year 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 9 September 2025 and were signed on its behalf by
Dean Howie
Director
Company Registration No. SC584028
Pinnacle Media Productions Limited
Notes to the Accounts
for the year ended 31 December 2024
Pinnacle Media Productions Limited is a private company, limited by shares, registered in Scotland, registration number SC584028. The registered office is 101 Rose Street South Lane, Edinburgh, EH2 3JG.
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 year, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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.
Deposits were previously accrued as deferred income until date of event but these are now recognised on date of receipt as income as they are non refundable and initial meeting with customers contains an element of planning etc.
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
20% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Pinnacle Media Productions Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Total
At 31 December 2024
12,036
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
1,000
-
1,000
-
6
Transactions with related parties
The company was under the control of Mr D Howie throughout the current and previous year. Mr D Howie is the sole shareholder and managing director.
At the start of the year Mr D Howie owed the company an amount of £1,000, this was repaid to the company in full.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).