Company Registration No. 08564989 (England and Wales)
PINNACLE WORKS LTD
Unaudited accounts
for the year ended 30 June 2022
PINNACLE WORKS LTD
Unaudited accounts
Contents
PINNACLE WORKS LTD
Company Information
for the year ended 30 June 2022
Directors
HOLCOMBE, David James
HOLCOMBE, Katie Jane
Company Number
08564989 (England and Wales)
Registered Office
UNIT 1 PHOENIX BUSINESS CENTRE
SPUR ROAD
CHICHESTER
PO19 8PN
ENGLAND
PINNACLE WORKS LTD
Statement of financial position
as at 30 June 2022
Tangible assets
109,280
30,984
Cash at bank and in hand
26,954
26,284
Creditors: amounts falling due within one year
(309,098)
(261,810)
Net current assets/(liabilities)
47,596
(165,206)
Total assets less current liabilities
156,876
(134,222)
Creditors: amounts falling due after more than one year
(158,732)
(101,613)
Provisions for liabilities
Net liabilities
(3,614)
(235,835)
Called up share capital
100
100
Profit and loss account
(3,714)
(235,935)
Shareholders' funds
(3,614)
(235,835)
For the year ending 30 June 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by
HOLCOMBE, Katie Jane
Director
Company Registration No. 08564989
PINNACLE WORKS LTD
Notes to the Accounts
for the year ended 30 June 2022
PINNACLE WORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 08564989. The registered office is UNIT 1 PHOENIX BUSINESS CENTRE, SPUR ROAD, CHICHESTER, PO19 8PN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
18,134
50,235
-
68,369
Additions
-
53,467
61,256
114,723
At 30 June 2022
18,134
103,702
61,256
183,092
At 1 July 2021
13,462
23,923
-
37,385
Charge for the year
1,168
19,945
15,314
36,427
At 30 June 2022
14,630
43,868
15,314
73,812
At 30 June 2022
3,504
59,834
45,942
109,280
At 30 June 2021
4,672
26,312
-
30,984
PINNACLE WORKS LTD
Notes to the Accounts
for the year ended 30 June 2022
Amounts falling due within one year
Trade debtors
247,247
56,650
Accrued income and prepayments
23,902
-
Other debtors
13,591
13,670
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
9,093
9,093
Trade creditors
58,554
27,907
Taxes and social security
17,450
3,596
Loans from directors
208,757
213,209
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
73,761
14,613
8
Average number of employees
During the year the average number of employees was 6 (2021: 2).
