Accounts filed on 31-01-2022

			Company registration number:11793220
		PIVOTAL IMPARTMENT LIMITED
			FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 January 2022

PIVOTAL IMPARTMENT LIMITED
BALANCE SHEET
AS AT 31 January 2022
					2022				2021
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			205,128				117,362
							205,128				117,362
CURRENT ASSETS
Stocks					1,500				800
Debtors				4	1,280,030				1,349,797
Cash at bank and in hand					894,185				329,319
					2,175,715				1,679,916
CREDITORS
Amounts falling due within one year				5	(1,153,364)				(968,136)
NET CURRENT ASSETS							1,022,351				711,780
TOTAL ASSETS LESS
CURRENT LIABILITIES							1,227,479				829,142
Creditors falling due after one year				6			(39,475)				(208,287)
PROVISIONS FOR LIABILITIES							(38,975)				(22,299)
NET ASSETS							1,149,029				598,556
CAPITAL AND RESERVES
Called-up equity share capital				7			100				100
Profit and loss account							1,148,929				598,456
SHAREHOLDERS FUNDS							1,149,029				598,556
For the year ending 31 January 2022 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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 5 August 2022 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mr Yong Yang
5 August 2022
The annexed notes form part of these financial statements.

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PIVOTAL IMPARTMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2022
				Share	Share	P and L	Revaluation	Other	Total
				Capital	Premium	Account	reserve	reserves	equity
				£	£	£	£	£	£
Balance at 1 February 2020				100	0	(54,108)	0	0	(54,008)
Changes in equity
Total Comprehensive Income				0	0	652,564	0	0	652,564
Balance at 31 January 2021				100	0	598,456	0	0	598,556
Changes in equity
Dividend				0	0	(9,000)	0	0	(9,000)
Total comprehensive income				0	0	559,473	0	0	559,473
Balance at 31 January 2022				100	0	1,148,929	0	0	1,149,029

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PIVOTAL IMPARTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

1.

Accounting policies

Statutory information

The company is registered in England and its registered number is 11793220. The company is a private company limited by shares. Its registered office is 2nd Floor Cathay Building, 86 Holloway Head, Birmingham, B1 1NB.

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements 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.

Turnover

Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are delivered to the customer.

Foreign Currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation 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 bases:

Plant and Machinery 15% per annum of cost

Fixtures and Fittings 15% reducing balance basis

Motor Vehicles 25% reducing balance basis

Stocks and Work In Progress

Stock is valued at the lower of cost and net realisable value determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.

Government grants

The Coronavirus Job Retention Scheme Grant and Coronavirus Statutory Sick Pay Grant is recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Deferred Taxation

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension Scheme

The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.

Employees

The average number of persons employed by the company (including directors) during the year was 66.

3.	Tangible fixed assets
				Plant	F and F	Total
	Cost
	At start of period			27,824	114,644	142,468
	Additions			11,079	118,747	137,326
	Disposals			(0)	(0)	(7,500)
	At end of period			38,903	233,391	272,294
	Depreciation
	At start of period			7,272	17,834	25,106
	Provided during the period			9,726	32,334	42,060
	At end of period			16,998	50,168	67,166
	Net Book Value
	At start of period			20,552	96,810	117,362
	At end of period			21,905	183,223	205,128

4.	Debtors
					2022	2021
					£	£
	Due within one year
	Trade Debtors				500,130	979,971
	Other Debtors				227,060	151,908
	Prepayments and accrued income				77,336	76,141
					804,526	1,208,020
	Due after one year
	Other Debtors				475,504	141,777
					1,280,030	1,349,797

5.	Creditors due within one year
					2022	2021
					£	£
	Trade creditors				636,425	656,492
	Corporation Tax				76,918	119,950
	Other taxes and social security costs				20,766	28,151
	Other creditors				250,000	0
	Accruals and deferred income				160,795	163,543
	Loan from directors				8,460	0
					1,153,364	968,136
6.	Creditors due after one year
					2022	2021
					£	£
	Other creditors				39,475	208,287
					39,475	208,287

7.	Share capital				Alloted, Issued and fully paid
					2022	2021
					£	£
	Ordinary shares of £1 each				100	100
	Total issued share capital				100	100

8.	Related Party Transactions
	During the year, the company had made dividends totalling of £9,000 to the director.