Accounts filed on 31-03-2023


Registered number: 06626877






Pinnacle Carpentry and Roofing Ltd


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023
























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 2023





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


ACCOUNTS
FOR THEYEARENDED31 MARCH 2023



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 2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	2		51,765		73,940

CURRENT ASSETS
Stock		120,000		120,000
Debtors	4	890,667		682,910
Cash at bank and in hand		1		138,375
		1,010,668		941,285
CREDITORS: Amounts falling due within one year	5	352,754		341,079
NET CURRENT ASSETS			657,914		600,206
TOTAL ASSETS LESS CURRENT LIABILITIES			709,679		674,146


CREDITORS: Amounts falling due after more than one year	6		75,625		128,125

NET ASSETS			634,054		546,021

CAPITAL AND RESERVES

Called up share capital	8		100		100
Profit and loss account			633,954		545,921
SHAREHOLDERS' FUNDS			634,054		546,021

For the year ending 31 March 2023 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 30 December 2023 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 First Floor, 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.


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. 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.


1h. 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	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	308,995	396,855
Salaries and wages control	11,592	138
Other debtors	394,068	149,905
Prepayments	6,012	6,012
Directors current account	170,000	130,000
	890,667	682,910


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
Taxation and social security	114,669	108,226
Bank loans and overdrafts	4,535	-
Loans	52,500	52,500
Hire purchase	-	17,897
Trade creditors	116,156	158,412
Other creditors	54,744	4,044
Accruals	10,150	-
	352,754	341,079


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2023	2022
	£	£
Loans >1yr	75,625	128,125
	75,625	128,125


8. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
99 A Ordinary shares of £1 each	99	99
1 B Ordinary 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 £170,000 (Last Year: £130,000) The maximum amount advanced in the year was £170,000. Of this loan £40,000 was repaid within 9 months of the year end. Interest was charged at 2.25% p.a.