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REGISTERED NUMBER: 08484857 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Pivot Academy Kirklees Limited

Pivot Academy Kirklees Limited (Registered number: 08484857)






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 Kirklees 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: 08484857 (England and Wales)

Pivot Academy Kirklees Limited (Registered number: 08484857)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 353,120 94,175

CURRENT ASSETS
Debtors 5 1,941,190 1,059,814
Cash at bank and in hand 113,682 882,182
2,054,872 1,941,996
CREDITORS
Amounts falling due within one year 6 2,077,594 1,700,816
NET CURRENT (LIABILITIES)/ASSETS (22,722 ) 241,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,398

335,355

CREDITORS
Amounts falling due after more than one year 7 (213,772 ) (299,837 )

PROVISIONS FOR LIABILITIES (17,893 ) (17,893 )
NET ASSETS 98,733 17,625

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 98,583 17,475
98,733 17,625

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 Kirklees Limited (Registered number: 08484857)

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 Kirklees Limited (Registered number: 08484857)

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

1. STATUTORY INFORMATION

Pivot Academy Kirklees 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures & fittings - 25% on reducing balance
Office furniture - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 45 (2022 - 48 ) .

Pivot Academy Kirklees Limited (Registered number: 08484857)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures & Office
to property fittings furniture
£ £ £
COST
At 1 September 2022 30,211 13,928 37,048
Additions 281,378 - -
At 31 August 2023 311,589 13,928 37,048
DEPRECIATION
At 1 September 2022 - 1,370 23,337
Charge for year 3,021 3,139 2,742
At 31 August 2023 3,021 4,509 26,079
NET BOOK VALUE
At 31 August 2023 308,568 9,419 10,969
At 31 August 2022 30,211 12,558 13,711

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 September 2022 46,916 48,022 176,125
Additions - - 281,378
At 31 August 2023 46,916 48,022 457,503
DEPRECIATION
At 1 September 2022 22,277 34,966 81,950
Charge for year 6,160 7,371 22,433
At 31 August 2023 28,437 42,337 104,383
NET BOOK VALUE
At 31 August 2023 18,479 5,685 353,120
At 31 August 2022 24,639 13,056 94,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£ £
Trade debtors 944,051 4,748
Amounts owed by group undertakings 866,064 921,974
Amounts owed by associates 81,073 81,073
Other debtors 50,002 52,019
1,941,190 1,059,814

Pivot Academy Kirklees Limited (Registered number: 08484857)

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 88,087 88,182
Hire purchase contracts (see note 8) - 232
Trade creditors 101,628 52,793
Amounts owed to group undertakings 274,222 241,545
Taxation and social security 136,704 30,647
Other creditors 1,476,953 1,287,417
2,077,594 1,700,816

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£ £
Bank loans 213,772 299,837

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£ £
Net obligations repayable:
Within one year - 232

Non-cancellable
operating leases
31.8.23 31.8.22
£ £
Within one year - 108,000
Between one and five years 444,000 168,000
444,000 276,000

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.