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REGISTERED NUMBER: 09254259















PVTL Limited

Unaudited Financial Statements

for the year ended

31 October 2023






PVTL Limited (Registered number: 09254259)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

PVTL Limited

Company Information
for the year ended 31 October 2023







DIRECTOR: T W Pollack





REGISTERED OFFICE: Studio 4
Pivotal House
Orford Yard
Norwich
Norfolk
NR1 3TB





REGISTERED NUMBER: 09254259





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

PVTL Limited (Registered number: 09254259)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 11,817 34,674
Cash at bank 195,542 208,945
207,359 243,619
CREDITORS
Amounts falling due within one year 6 (107,908 ) (121,530 )
NET CURRENT ASSETS 99,451 122,089
TOTAL ASSETS LESS CURRENT LIABILITIES 99,451 122,089

CREDITORS
Amounts falling due after more than one year 7 (31,965 ) (36,966 )
NET ASSETS 67,486 85,123

CAPITAL AND RESERVES
Called up share capital 908 908
Share premium (15,920 ) (15,920 )
Retained earnings 82,498 100,135
SHAREHOLDERS' FUNDS 67,486 85,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 30 July 2024 and were signed by:





T W Pollack - Director


PVTL Limited (Registered number: 09254259)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

PVTL Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance

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 1 (2022 - 14 ) .

PVTL Limited (Registered number: 09254259)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 (1 )
Additions 1
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 (1 )
Charge for year 1
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 2,489
Other debtors 11,817 32,185
11,817 34,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 1,799 4,139
Amounts owed to associates 67,860 72,097
Taxation and social security 13,865 19,281
Other creditors 19,384 21,013
107,908 121,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,965 36,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 11,965 16,966

PVTL Limited (Registered number: 09254259)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
T W Pollack
Balance outstanding at start of year 32,185 (66,436 )
Amounts advanced 12,482 116,568
Amounts repaid (32,850 ) (17,947 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,817 32,185

9. RELATED PARTY DISCLOSURES

Included in management expenses, is £24,409 (2022: £Nil) charged from a company under a directors control.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PVTL Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PVTL Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PVTL Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PVTL Limited and state those matters that we have agreed to state to the director of PVTL Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PVTL Limited and its director for our work or for this report.

It is your duty to ensure that PVTL Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PVTL Limited. You consider that PVTL Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PVTL Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


30 July 2024