Pinnacle Slating & Tiling Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10715275 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Pinnacle Slating & Tiling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

W L Howell

D L J Howell

SECRETARY:

REGISTERED OFFICE:

Unit 1 West Way

Bank Top Industrial Estate

St. Martins

Oswestry

SHROPSHIRE

SY10 7HE

REGISTERED NUMBER:

10715275 (England and Wales)

ACCOUNTANTS:

T.A. Gittins & Company

28 Salop Road

Oswestry

SHROPSHIRE

SY11 2NZ

FIXED ASSETS

Tangible assets

4

174,657

CURRENT ASSETS

Stocks

108,013

Debtors

5

44,883

Cash at bank

1,792

154,688

CREDITORS

Amounts falling due within one year

6

239,403

NET CURRENT LIABILITIES

(84,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,942

CREDITORS

Amounts falling due after more than one year

7

45,960

NET ASSETS

43,982

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

43,980

43,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 March 2019 and were signed on its behalf by:

W L Howell - Director

D L J Howell - Director

1.	STATUTORY INFORMATION

Pinnacle Slating & Tiling 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

Additions

1,418

101,967

1,780

Disposals

(1,418

)

(900

)

-

At 31 December 2018

-

101,067

1,780

DEPRECIATION

Charge for year

-

15,295

268

At 31 December 2018

-

15,295

268

NET BOOK VALUE

At 31 December 2018

-

85,772

1,512

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

Additions

118,391

2,329

225,885

Disposals

(3,972

)

-

(6,290

)

At 31 December 2018

114,419

2,329

219,595

DEPRECIATION

Charge for year

28,606

769

44,938

At 31 December 2018

28,606

769

44,938

NET BOOK VALUE

At 31 December 2018

85,813

1,560

174,657

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

10,493

Other debtors

34,390

44,883

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Hire purchase contracts

27,283

Trade creditors

70,787

Amounts owed to associates

2,023

Taxation and social security

51,539

Other creditors

87,771

239,403

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

45,960

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2018 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

T.A. Gittins & Company

28 Salop Road

Oswestry

SHROPSHIRE

SY11 2NZ

29 March 2019