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REGISTERED NUMBER: 10930268 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Pivot Academy Leeds Limited

Pivot Academy Leeds Limited (Registered number: 10930268)






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 Academy Leeds 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: 10930268 (England and Wales)

Pivot Academy Leeds Limited (Registered number: 10930268)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 35,009 60,214

CURRENT ASSETS
Debtors 5 1,187,531 329,052
Cash at bank and in hand 342,713 785,679
1,530,244 1,114,731
CREDITORS
Amounts falling due within one year 6 1,374,098 1,058,506
NET CURRENT ASSETS 156,146 56,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,155

116,439

CREDITORS
Amounts falling due after more than one year 7 (34,622 ) (60,970 )

PROVISIONS FOR LIABILITIES (11,441 ) (11,441 )
NET ASSETS 145,092 44,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 144,992 43,928
145,092 44,028

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 Academy Leeds Limited (Registered number: 10930268)

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 Academy Leeds Limited (Registered number: 10930268)

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

1. STATUTORY INFORMATION

Pivot Academy Leeds 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 31 ) .

Pivot Academy Leeds Limited (Registered number: 10930268)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2022
and 31 August 2023 140,214
DEPRECIATION
At 1 September 2022 80,000
Charge for year 25,205
At 31 August 2023 105,205
NET BOOK VALUE
At 31 August 2023 35,009
At 31 August 2022 60,214

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 September 2022
and 31 August 2023 75,138
DEPRECIATION
At 1 September 2022 39,985
Charge for year 8,789
At 31 August 2023 48,774
NET BOOK VALUE
At 31 August 2023 26,364
At 31 August 2022 35,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Trade debtors 876,545 13,020
Amounts owed by group undertakings 234,856 215,219
Amounts owed by associates 53,250 53,250
Other debtors 22,880 47,563
1,187,531 329,052

Pivot Academy Leeds Limited (Registered number: 10930268)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Bank loans and overdrafts 18,182 20,815
Hire purchase contracts (see note 8) 13,894 14,282
Trade creditors 58,854 74,982
Amounts owed to group undertakings 198,024 251,901
Taxation and social security 2,375 25,939
Other creditors 1,082,769 670,587
1,374,098 1,058,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£ £
Bank loans 33,334 45,788
Hire purchase contracts (see note 8) 1,288 15,182
34,622 60,970

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£ £
Gross obligations repayable:
Within one year 16,208 16,669
Between one and five years 1,482 17,690
17,690 34,359

Finance charges repayable:
Within one year 2,314 2,387
Between one and five years 194 2,508
2,508 4,895

Net obligations repayable:
Within one year 13,894 14,282
Between one and five years 1,288 15,182
15,182 29,464

Pivot Academy Leeds Limited (Registered number: 10930268)

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

8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
31.8.23 31.8.22
£ £
Within one year 5,850 97,420
Between one and five years - 5,850
5,850 103,270

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Pivot Group Limited (who own 100% of the issued share capital with voting rights), whose company reference is 12326563 and who's registered office is Rawfolds Way Spen Valley Industrial Park, Rawfolds Way, Cleckheaton, West Yorkshire, England, BD19 5LJ

Pivot Group Limited is under the control of Mr Michael Smith, and as such he is deemed the ultimate controlling party.