Company Registration No. 11698188 (England and Wales)
Pivotal One Ltd
Unaudited accounts
for the year ended 30 November 2021
Pivotal One Ltd
Unaudited accounts
Contents
Pivotal One Ltd
Company Information
for the year ended 30 November 2021
Directors
C Duerden
L Lynam
D Smith
Company Number
11698188 (England and Wales)
Registered Office
Fairfax House
38 The Grove
Ilkley
LS29 9EE
Accountants
Accounts Lab Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Pivotal One Ltd
Statement of financial position
as at 30 November 2021
Tangible assets
2,831
1,225
Cash at bank and in hand
96,577
160,595
Creditors: amounts falling due within one year
(189,097)
(160,708)
Net current assets
96,470
43,790
Total assets less current liabilities
99,301
45,015
Creditors: amounts falling due after more than one year
(36,291)
(45,000)
Called up share capital
15
14
Profit and loss account
62,995
1
Shareholders' funds
63,010
15
For the year ending 30 November 2021 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 8 July 2022 and were signed on its behalf by
C Duerden
Director
Company Registration No. 11698188
Pivotal One Ltd
Notes to the Accounts
for the year ended 30 November 2021
Pivotal One Ltd is a private company, limited by shares, registered in England and Wales, registration number 11698188. The registered office is Fairfax House, 38 The Grove, Ilkley, LS29 9EE.
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
20% Reducing Balance
Computer equipment
3 Years Straight Line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pivotal One Ltd
Notes to the Accounts
for the year ended 30 November 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
790
834
1,624
At 30 November 2021
1,229
2,752
3,981
At 1 December 2020
237
162
399
Charge for the year
156
595
751
At 30 November 2021
393
757
1,150
At 30 November 2021
836
1,995
2,831
At 30 November 2020
553
672
1,225
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
32,814
29,776
Amounts due from group undertakings etc.
149,642
-
Accrued income and prepayments
5,942
600
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,262
5,000
Taxes and social security
88,188
26,101
7
Creditors: amounts falling due after more than one year
2021
2020
Pivotal One Ltd
Notes to the Accounts
for the year ended 30 November 2021
Allotted, called up and fully paid:
4 A Ordinary shares of £1 each
4
4
4 B Ordinary shares of £1 each
4
4
4 C Ordinary shares of £1 each
4
4
3 D Ordinary shares of £1 each
3
2
Shares issued during the period:
1 D Ordinary shares of £1 each
1
9
Operating lease commitments
2021
2020
At 30 November 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
4,500
4,500
Within two to five years
375
4,875
10
Transactions with related parties
As at the balance sheet date the amount due from Lead Spark Ltd, a company connected by common control, was £541 (2020 £Nil).
The company is a subsidiary of Pivotal One Holdings Limited. At the balance sheet date the amount due from Pivotal One Holdings Limited was £149,100 (2020: £Nil).
The company's parent company is Pivotal One Holdings Limited, a company incorporated in England and Wales.
For the year ended 30 November 2021, Pivotal One Holdings Limited was jointly controlled by Craig Duerden, Luke Lynam and Daniel Smith.
12
Average number of employees
During the year the average number of employees was 4 (2020: 4).
