Pinnacle Performance & Training Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07499097 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Pinnacle Performance & Training Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W McGhee

D Smith

Ms E Drackford

D J Gabbidon

Mrs V T Lincoln

H A Cook

T W Stanley

REGISTERED OFFICE:

130 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AL

REGISTERED NUMBER:

07499097 (England and Wales)

ACCOUNTANTS:

CBM Accountants Limited

130 Bournemouth Road

Chandler's Ford

Eastleigh

Hampshire

SO53 3AL

FIXED ASSETS

Intangible assets

4

1,050

2,100

Tangible assets

5

10,535

7,839

11,585

9,939

CURRENT ASSETS

Debtors

6

62,972

58,687

Cash at bank and in hand

13,434

3,734

76,406

62,421

CREDITORS

Amounts falling due within one year

7

31,687

28,197

NET CURRENT ASSETS

44,719

34,224

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,304

44,163

CREDITORS

Amounts falling due after more than one
year

8

(32,954

)

(42,156

)

PROVISIONS FOR LIABILITIES

(2,002

)

-

NET ASSETS

21,348

2,007

CAPITAL AND RESERVES

Called up share capital

10

150

Share premium

11

37,455

Retained earnings

11

(16,257

)

(35,598

)

SHAREHOLDERS' FUNDS

21,348

2,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 29 October 2025 and were signed on its behalf by:

A W McGhee - Director

1.	STATUTORY INFORMATION

Pinnacle Performance & Training Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

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.

Turnover

Turnover represents income from services supplied less refunds.

Tangible fixed assets

Depreciation is charged at 25% per annum on a reducing balance basis to write off the assets over their estimated useful lives.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

10,500

AMORTISATION

At 1 February 2024

8,400

Charge for year

1,050

At 31 January 2025

9,450

NET BOOK VALUE

At 31 January 2025

1,050

At 31 January 2024

2,100

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 February 2024

50,555

Additions

5,814

At 31 January 2025

56,369

DEPRECIATION

At 1 February 2024

42,716

Charge for year

3,118

At 31 January 2025

45,834

NET BOOK VALUE

At 31 January 2025

10,535

At 31 January 2024

7,839

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

500

-

Other debtors

62,472

58,687

62,972

58,687

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 9)

3,778

Trade creditors

3,750

8,603

Taxation and social security

16,370

7,747

Other creditors

7,789

8,069

31,687

28,197

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 9)

19,745

23,523

Other creditors

13,209

18,633

32,954

42,156

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

3,778

Other loans

5,425

4,862

9,203

8,640

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,778

Other loans

6,053

5,425

9,831

9,203

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,967

19,745

Other loans - 2-5 years

7,156

13,208

23,123

32,953

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

90

Ordinary "A"

£1

90

15

Ordinary "B"

£1

15

45

Ordinary 'C'

£1

45

150

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 February 2024

(35,598

)

37,455

1,857

Profit for the year

30,991

Dividends

(11,650

)

(11,650

)

At 31 January 2025

(16,257

)

37,455

21,198

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

A W McGhee

Balance outstanding at start of year

20,565

20,682

Amounts repaid

(5,235

)

(117

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,330

20,565

D Smith

Balance outstanding at start of year

23,970

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

23,970