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Registered number: 06626877
Pinnacle Carpentry and Roofing Ltd
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Pinnacle Carpentry and Roofing Ltd
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
F Stoica
SECRETARY
R G Ionita
REGISTERED OFFICE
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06626877
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Pinnacle Carpentry and Roofing Ltd
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Pinnacle Carpentry and Roofing Ltd
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets249,49563,153
CURRENT ASSETS
Stock3119,850120,000
Debtors4633,127863,288
Cash at bank and in hand97,00916,186
849,986999,474
CREDITORS: Amounts falling due within one year5366,099402,883
NET CURRENT ASSETS483,887596,591
TOTAL ASSETS LESS CURRENT LIABILITIES533,382659,744
CREDITORS: Amounts falling due after more than one year687,23670,317
NET ASSETS446,146589,427
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account446,046589,327
SHAREHOLDERS' FUNDS446,146589,427
For the year ending 31 March 2025 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30 December 2025 and signed on their behalf by
.............................
F Stoica
Director
Pinnacle Carpentry and Roofing Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover is derived from building and roofing services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1g. Statutory Information
Pinnacle Carpentry and Roofing Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 06626877 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.
1h. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
Pinnacle Carpentry and Roofing Ltd
1i. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 1 April 2024116,19881,353197,551
Additions2,840-2,840
At 31 March 2025119,03881,353200,391
Depreciation
At 1 April 202469,06665,332134,398
For the year12,4934,00516,498
At 31 March 202581,55969,337150,896
Net Book Amounts
At 31 March 202537,47912,01649,495
At 31 March 202447,13216,02163,153
3. STOCK 20252024
££
Stock comprises:
Stock119,850120,000
119,850120,000
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors313,712400,280
Salaries and wages control50512,508
Other debtors144,031177,172
Prepayments4,8793,328
Directors current account170,000270,000
633,127863,288
Pinnacle Carpentry and Roofing Ltd
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Taxation and social security39,880104,825
Loans59,50853,824
Trade creditors69,415107,318
Other creditors177,900126,766
Pension schemes9,246-
Accruals10,15010,150
366,099402,883
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Loans >1yr87,23670,317
87,23670,317
7. EMPLOYEES
20252024
No.No.
Average number of employees55
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
99 A Ordinary shares of £1.00 each9999
1 B Ordinary shares of £1.00 each11
100100
9. RELATED PARTY TRANSACTIONS
At the balance sheet date, the director of the company, F Stoica had advances of loans of £170,000 (Last Year: £270,000) The maximum amount advanced in the year was £270,000. Of this loan £20,000 was repaid within 9 months of the year end. Interest was charged at 2.25% p.a.