Life Pivot Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08582887 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

Life Pivot Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Askew

Mrs H J Askew

REGISTERED OFFICE:

44 West Broadway

Bristol

BS9 4TB

REGISTERED NUMBER:

08582887 (England and Wales)

ACCOUNTANTS:

Kingscote Accountancy Limited

77A Alma Road

Clifton

Bristol

BS8 2DP

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

24,003

20,451

24,003

20,451

CURRENT ASSETS

Cash at bank

5,406

4,970

CREDITORS

Amounts falling due within one year

6

12,960

5,552

NET CURRENT LIABILITIES

(7,554

)

(582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,449

19,869

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,349

19,769

SHAREHOLDERS' FUNDS

16,449

19,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2023 and were signed on its behalf by:

B Askew - Director

1.	STATUTORY INFORMATION

Life Pivot Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

36,321

DEPRECIATION

At 1 July 2022

and 30 June 2023

36,321

NET BOOK VALUE

At 30 June 2023

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 July 2022

20,451

Revaluations

3,552

At 30 June 2023

24,003

NET BOOK VALUE

At 30 June 2023

24,003

At 30 June 2022

20,451

Cost or valuation at 30 June 2023 is represented by:

Other

investments

£

Valuation in 0

24,003

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

1

-

Taxation and social security

(112

)

(112

)

Other creditors

13,071

5,664

12,960

5,552

7.	RELATED PARTY DISCLOSURES

During the year B Askew introduced working capital of £7,407 (2022: £312) into the Company. As at the balance sheet date, the Company owed B Askew £11,871 (2022: £4,464).

8.	ULTIMATE CONTROLLING PARTY

The Company is controlled by B Askew and H Askew by virtue of their equal shareholding.