Pinnacle (UK) Limited,Ltd - Accounts

Pinnacle (UK) Limited,Ltd - Accounts

PINNACLE (UK) LIMITED - Company Information

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2015-07-01 true false Private Limited Company 04806005 2016-06-30 04806005 2015-07-01 2016-06-30 04806005 2015-06-30 04806005 2014-07-01 2015-06-30 04806005 uk-bus:Director1 2015-07-01 2016-06-30 04806005 uk-gaap:OfficeEquipment 2015-07-01 2016-06-30 04806005 uk-gaap:FixturesFittings 2015-07-01 2016-06-30 04806005 uk-gaap:AfterOneYear 2015-06-30 04806005 uk-bus:OrdinaryShareClass1 2016-06-30 04806005 uk-bus:OrdinaryShareClass2 2016-06-30 iso4217:GBP
Pinnacle (UK) Limited
For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04806005
2
Contents Page
Pinnacle (UK) Limited
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Pinnacle (UK) Limited
Accountants' Report
For the year ended 30 June 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 June 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
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.
Accountancy & Business Solutions
Briarfield
Cross Stone Road
Todmorden
Lancashire
OL14 8RA
29 July 2016
Dated:
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4
Abbreviated Balance Sheet
Pinnacle (UK) Limited
As at 30 June 2016
04806005
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
1,499,108
1,226,055
1,499,108
1,226,055
Current assets
Debtors
421,803
268,009
Cash at bank and in hand
500,851
577,887
768,860
999,690
Creditors: amounts falling due within one year
(645,030)
(503,648)
354,660
265,212
Net current assets
Total assets less current liabilities
1,764,320
1,580,715
Creditors: amounts falling due after more than one year
3
(1,500,000)
(1,500,000)
(52)
(52)
Provisions for liabilities
264,268
Net assets
80,663
Capital and reserves
Called up share capital
200
4
200
Profit and loss account
264,068
80,463
264,268
80,663
Shareholders funds
For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 29 July 2016
Steven James Hibbert Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Pinnacle (UK) Limited
For the year ended 30 June 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
15% Reducing balance
Fixtures and Fittings
15% Reducing balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The
resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those
investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective
January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be
depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to
give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation
and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
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6
Notes to the Abbreviated Financial Statements
Pinnacle (UK) Limited
For the year ended 30 June 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,226,930
At 01 July 2015
273,444
Additions
At 30 June 2016
1,500,374
Depreciation
875
At 01 July 2015
391
Charge for year
1,266
At 30 June 2016
Net book values
At 30 June 2016
1,499,108
1,226,055
At 30 June 2015
2015
2016
3 Creditors due after more than one year
£
£
500,000
-
Bank loans and overdraft
4 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
100 Ordinary A shares of £1.00 each
100
100
200
200
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