Abbreviated Company Accounts - PINNACLE ELECTRICAL SUPPLIES LTD

PINNACLE ELECTRICAL SUPPLIES LTD - Company Information

Registered Number 07681824

PINNACLE ELECTRICAL SUPPLIES LTD

Abbreviated Accounts

30 June 2016

PINNACLE ELECTRICAL SUPPLIES LTD Registered Number 07681824

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	47,665	29,447
Investments		-	-
		47,665	29,447
Current assets
Stocks		394,000	256,356
Debtors		945,097	1,020,765
Cash at bank and in hand		106,255	140,621
		1,445,352	1,417,742
Prepayments and accrued income		23,513	38,816
Creditors: amounts falling due within one year		(1,190,233)	(1,077,900)
Net current assets (liabilities)		278,632	378,658
Total assets less current liabilities		326,297	408,105
Total net assets (liabilities)		326,297	408,105
Capital and reserves
Called up share capital		100	100
Profit and loss account		326,197	408,005
Shareholders' funds		326,297	408,105

For the year ending 30 June 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2016

And signed on their behalf by:
Adam Knight, Director

PINNACLE ELECTRICAL SUPPLIES LTD Registered Number 07681824

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over
its estimated useful life.

2Tangible fixed assets

	£
Cost
At 1 July 2015	55,402
Additions	38,512
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	93,914
Depreciation
At 1 July 2015	25,955
Charge for the year	20,294
On disposals	-
At 30 June 2016	46,249
Net book values
At 30 June 2016	47,665
At 30 June 2015	29,447