Company Registration No. 11698188 (England and Wales)
Pivotal One Ltd
Unaudited accounts
for the period from 27 November 2018 to 30 November 2019
Pivotal One Ltd
Unaudited accounts
Contents
Pivotal One Ltd
Company Information
for the period from 27 November 2018 to 30 November 2019
Directors
C Duerden
L Lynam
D Smith
Company Number
11698188 (England and Wales)
Registered Office
THE LEEMING BUILDING
LUDGATE HILL
LEEDS
WEST YORKSHIRE
LS2 7JF
UNITED KINGDOM
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Pivotal One Ltd
Statement of financial position
as at 30 November 2019
Cash at bank and in hand
11,338
Creditors: amounts falling due within one year
(42,766)
Net current liabilities
(3,514)
Called up share capital
12
Profit and loss account
(2,815)
Shareholders' funds
(2,803)
For the period ending 30 November 2019 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 12 October 2020 and were signed on its behalf by
C Duerden
Director
Company Registration No. 11698188
Pivotal One Ltd
Notes to the Accounts
for the period from 27 November 2018 to 30 November 2019
Pivotal One Ltd is a private company, limited by shares, registered in England and Wales, registration number 11698188. The registered office is THE LEEMING BUILDING, LUDGATE HILL, LEEDS, WEST YORKSHIRE, LS2 7JF, UNITED KINGDOM.
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 period, 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
20% Reducing Balance
Expenditure on research and development is written off in the year in which it is incurred.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Pivotal One Ltd
Notes to the Accounts
for the period from 27 November 2018 to 30 November 2019
6
Creditors: amounts falling due within one year
2019
Allotted, called up and fully paid:
9 Ordinary shares of £1 each
9
1 A Ordinary shares of £1 each
1
1 B Ordinary shares of £1 each
1
1 C Ordinary shares of £1 each
1
Shares issued during the period:
1 A Ordinary shares of £1 each
1
1 B Ordinary shares of £1 each
1
1 C Ordinary shares of £1 each
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Transactions with related parties
£13,166 was outstanding to Pivotal One Ltd. At 30 November 2019 C Duerden and L Lynam were directors and shareholders.
10
Average number of employees
During the period the average number of employees was 3.
