REGISTERED NUMBER: 03522287 (England and Wales)

Financial Statements For The Year Ended 31 December 2024

for

Pinnacle Surveyors (England And Wales)

Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

D Ellison

J P Staley

Secretary:

D Ellison

Registered office:

Profile House

Stores Road

Derby

DE21 4BD

Registered number:

03522287 (England and Wales)

Senior statutory auditor:

Lucy Robinson

Auditors:

PKF Smith Cooper Audit Ltd

Prospect House

1 Prospect Place

Pride Park

Derby

Derbyshire

DE24 8HG

Fixed assets

Tangible assets

5

22,402

18,174

Current assets

Debtors

6

1,257,151

791,371

Cash at bank and in hand

206,940

218,026

1,464,091

1,009,397

Creditors

Amounts falling due within one year

7

1,001,098

908,551

Net current assets

462,993

100,846

Total assets less current liabilities

485,395

119,020

Creditors

Amounts falling due after more than one year

8

(104,261

)

-

Provisions for liabilities

10

(4,256

)

(3,453

)

Net assets

376,878

115,567

Capital and reserves

Called up share capital

11

1

1

Capital redemption reserve

12

1

1

Retained earnings

12

376,876

115,565

Shareholders' funds

376,878

115,567

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

D Ellison - Director

1.	Statutory information

Pinnacle Surveyors (England And Wales) 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling (£) and rounded to the nearest (£), which is the functional currency of the Company.

Going Concern

The directors consider that they have a reasonable expectation that the company has

adequate resources to continue in operational existence for at least 12 months from the date of

authorising these financial statements and therefore continues to adopt the going concern basis

in preparing its financial statements.

Turnover

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.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment - 25% straight line

The assets' residual value, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Operating lease commitments

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

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.

Impairment of assets

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 the estimated recoverable amount is lower, the carrying amount is reduced to its estimated

recoverable amount, and an impairment loss is recognised 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

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.

4.	Employees and directors

The average number of employees during the year was 61 (2023 - 60 ) .

5.	Tangible fixed assets

Computer

systems

£

Cost

At 1 January 2024

115,780

Additions

16,765

Disposals

(33,635

)

At 31 December 2024

98,910

Depreciation

At 1 January 2024

97,606

Charge for year

12,537

Eliminated on disposal

(33,635

)

At 31 December 2024

76,508

Net book value

At 31 December 2024

22,402

At 31 December 2023

18,174

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade debtors

838,807

442,186

Other debtors

418,344

349,185

1,257,151

791,371

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

61,862

45,817

Amounts owed to group undertakings

7,690

7,690

Amounts owed to participating interests

299,257

149,000

Taxation and social security

417,456

226,238

Other creditors

214,833

479,806

1,001,098

908,551

Other creditors includes £nil (2023: £349,750) outstanding on a loan of £419,700 repayable over 12 instalments of £36,982 at a fixed rate of 10.4%.The loan was repaid in October 2024.

8.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Amounts owed to participating interests

104,261

-

9.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

49,959

61,680

Between one and five years

3,319

53,278

53,278

114,958

Within one year:

Land and buildings 33,413 44,550

Other 16,546 17,130

49,959 61,680

Between one and five years

Land and buildings - 33,413

Other 3,319 19,865

3,319 53,278

Operating lease expense for the year:

Land and buildings 44,550 42,959

Other 15,658 12,880

The land and building lease expires in September 2025 and motor vehicle leases expire in December 2025, January 2026 and October 2026 respectively.

10.	Provisions for liabilities

31.12.24

31.12.23

£

£

Deferred tax

4,256

3,453

Deferred

tax

£

Balance at 1 January 2024

3,453

Charge to Income statement during year

803

Balance at 31 December 2024

4,256

The amount of the net reversal of deferred tax expected to occur next year relates to the reversal of existing timing differences on tangible fixed assets and is considered to be immaterial.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

42

A Ordinary Shares

.01

-

-

100

B Ordinary

.01

1

1

1

1

12.

Reserves

Called up share capital - represents the nominal value of shares that have been issued.

Capital redemption reserve - represents the nominal value of shares repurchased by the company.

Profit and loss account - includes all current and prior period distributable retained profits and losses.

13.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Lucy Robinson (Senior Statutory Auditor)

for and on behalf of PKF Smith Cooper Audit Ltd

14.	Related party disclosures

Amounts due to/(from) directors (2024: (£9,991), 2023: £9), other shareholders (2024: £nil, 2023: £149,000) and the parent company (2024: £7,690, 2023: £7,690) are interest free and repayable on demand.

A further loan of £450,000 was made by other shareholders on 1 November 2024, of which £403,517 was outstanding at the year end. The loan is unsecured and repayable over 18 instalments of £26,381at a rate of 2.5% above The Royal Bank of Scotland base rate.

Dividends of £nil (2023: £nil) were paid to the parent company. CO2 Commercial Limited owns the whole of the equity capital and was the ultimate holding company and controlling party throughout the year. CO2 Commercial Limited is not under the control of any individual or group.