REGISTERED NUMBER: 04436365 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Pinnacle Executive Cars Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R A Broadhead

T D Langley

Mrs C A Langley

REGISTERED OFFICE:

31 Nottingham Road

Stapleford

Nottingham

NG9 8AB

REGISTERED NUMBER:

04436365 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Tangible assets

4

109,400

158,424

CURRENT ASSETS

Debtors

5

183,478

108,022

Cash at bank

30

28

183,508

108,050

CREDITORS

Amounts falling due within one year

6

(238,203

)

(141,378

)

NET CURRENT LIABILITIES

(54,695

)

(33,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,705

125,096

CREDITORS

Amounts falling due after more than one year

7

(28,705

)

(81,198

)

NET ASSETS

26,000

43,898

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

25,900

43,798

SHAREHOLDERS' FUNDS

26,000

43,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

T D Langley - Director

1.	STATUTORY INFORMATION

Pinnacle Executive Cars 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.	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.

At the balance sheet date the company had net liabilities totalling £54,695 (2024: £33,328). The directors have confirmed that with the continued support of the company's creditors, the company can continue to pay it's liabilities as they fall due and the financial statements have been prepared on the going concern basis. The financial statements do not show the position should this support be withdrawn.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

20% on cost

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised through total comprehensive income.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

2,164

336,978

339,142

DEPRECIATION

At 1 July 2024

2,164

178,554

180,718

Charge for year

-

49,024

49,024

At 30 June 2025

2,164

227,578

229,742

NET BOOK VALUE

At 30 June 2025

-

109,400

109,400

At 30 June 2024

-

158,424

158,424

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

114,582

DEPRECIATION

At 1 July 2024

29,083

Charge for year

22,916

At 30 June 2025

51,999

NET BOOK VALUE

At 30 June 2025

62,583

At 30 June 2024

85,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

107,049

45,282

Other debtors

76,429

62,740

183,478

108,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

9,562

4,861

Hire purchase contracts

24,527

22,945

Trade creditors

63,186

24,135

Amounts owed to associates

5,045

11,092

Taxation and social security

54,138

34,950

Other creditors

81,745

43,395

238,203

141,378

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

12,172

39,865

Other creditors

16,533

41,333

28,705

81,198

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

36,699

62,810

Obligations under hire purchase contracts are secured on the assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

100

Ordinary

£1

100

100