Accounts filed on 31-03-2021


Registered number: 06626877






Pinnacle Carpentry and Roofing Ltd


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021
























Prepared By:
Lever Bros & Co
Chartered Accountants
The Station Masters' House
168 Thornbury Road
Osterley Village
Isleworth
TW7 4QE


Pinnacle Carpentry and Roofing Ltd


ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2021





DIRECTORS
F Stoica



SECRETARY
R G Ionita


REGISTERED OFFICE
The Station Masters' House
168 Thornbury Road
Osterley Village
Isleworth
TW7 4QE


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06626877



ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
The Station Masters' House
168 Thornbury Road
Osterley Village
Isleworth
TW7 4QE


ACCOUNTS
FOR THEYEARENDED31 MARCH 2021



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 March 2021

			2021		2020
	Notes		£		£

FIXED ASSETS
Tangible assets	2		70,378		81,015

CURRENT ASSETS
Stock		5,000		5,000
Debtors	4	349,206		518,149
Cash at bank and in hand		291,383		344,337
		645,589		867,486
CREDITORS: Amounts falling due within one year	5	251,229		378,066
NET CURRENT ASSETS			394,360		489,420
TOTAL ASSETS LESS CURRENT LIABILITIES			464,738		570,435


CREDITORS: Amounts falling due after more than one year	6		38,993		103,853

NET ASSETS			425,745		466,582

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			425,645		466,482
SHAREHOLDERS' FUNDS			425,745		466,582

For the year ending 31 March 2021 the company was entitled to exemption 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 31 December 2021 and signed on their behalf by



.............................
F Stoica
Director

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 Machinery		reducing balance 25%
Commercial Vehicles		reducing 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. 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 The Station Masters' House, 168 Thornbury Road, Isleworth TW7 4QE.


1e. 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.


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. 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.


4. DEBTORS	2021	2020
	£	£
Amounts falling due within one year
Trade debtors	70,936	39,653
Other debtors	156,904	356,200
Prepayments	1,366	2,296
Directors current account	120,000	120,000
	349,206	518,149


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2021	2020
	£	£
Taxation and social security	87,164	167,586
Loans	75,000	26,608
Hire purchase	21,422	18,403
Trade creditors	47,828	44,827
Other creditors	-	11,214
Accruals	19,815	109,428
	251,229	378,066


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2021	2020
	£	£
Loans >1yr	-	43,438
Hire purchase >1yr	38,993	60,415
	38,993	103,853


8. SHARE CAPITAL	2021	2020
	£	£
Allotted, issued and fully paid:
99 Ordinary A shares of £1 each	99	99
1 Ordinary B shares of £1 each	1	1
	100	100

9. RELATED PARTY TRANSACTIONS

At the balance sheet date, the director of the company, F Stoica, had advances of loans of £120,000, (Last Year £120,000). The maximum amount advanced in the year was £120,000 . Interest was charged at 2.5% p.a.