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REGISTERED NUMBER: 12326563 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Pivot Group Limited

Pivot Group Limited (Registered number: 12326563)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pivot Group Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M P Smith





SECRETARY:





REGISTERED OFFICE: Unit 11 Killingbeck Drive
Leeds
West Yorkshire
LS14 6UF





REGISTERED NUMBER: 12326563 (England and Wales)

Pivot Group Limited (Registered number: 12326563)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 535,391 608,273
Investments 5 350 350
535,741 608,623

CURRENT ASSETS
Debtors 6 559,077 437,813
Cash at bank 23,792 29,552
582,869 467,365
CREDITORS
Amounts falling due within one year 7 914,667 968,362
NET CURRENT LIABILITIES (331,798 ) (500,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,943

107,626

CREDITORS
Amounts falling due after more than one year 8 (55,867 ) (92,267 )

PROVISIONS FOR LIABILITIES (8,293 ) (8,293 )
NET ASSETS 139,783 7,066

CAPITAL AND RESERVES
Called up share capital 315 315
Retained earnings 139,468 6,751
139,783 7,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pivot Group Limited (Registered number: 12326563)

Balance Sheet - continued
31 August 2023


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 director and authorised for issue on 6 February 2024 and were signed by:





M P Smith - Director


Pivot Group Limited (Registered number: 12326563)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Pivot Group Limited 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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

Pivot Group Limited (Registered number: 12326563)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 September 2022 582,692 77,908 660,600
Additions 7,938 5,601 13,539
At 31 August 2023 590,630 83,509 674,139
DEPRECIATION
At 1 September 2022 18,699 33,628 52,327
Charge for year 59,063 27,358 86,421
At 31 August 2023 77,762 60,986 138,748
NET BOOK VALUE
At 31 August 2023 512,868 22,523 535,391
At 31 August 2022 563,993 44,280 608,273

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 September 2022
and 31 August 2023 350
NET BOOK VALUE
At 31 August 2023 350
At 31 August 2022 350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Amounts owed by group undertakings 246,175 297,465
Other debtors 312,902 140,348
559,077 437,813

Pivot Group Limited (Registered number: 12326563)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Bank loans and overdrafts 18,200 -
Trade creditors 29,058 10,939
Amounts owed to group undertakings 866,064 921,974
Taxation and social security 719 19,732
Other creditors 626 15,717
914,667 968,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£ £
Bank loans 55,867 92,267

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£ £
M P Smith
Balance outstanding at start of year 89,613 5,753
Amounts advanced 528,627 83,860
Amounts repaid (326,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,240 89,613

Mrs L M Smith
Balance outstanding at start of year - 1,339
Amounts repaid - (1,339 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -