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REGISTERED NUMBER: 09121809 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Pivotal Projects Ltd

Pivotal Projects Ltd (Registered number: 09121809)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pivotal Projects Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A K Fitzmaurice
J D Roberts





REGISTERED OFFICE: 9 Hillingdon Road
Wavertree
Liverpool
Merseyside
L15 9ES





REGISTERED NUMBER: 09121809 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Pivotal Projects Ltd (Registered number: 09121809)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 552 872

CURRENT ASSETS
Debtors 5 15,657 4,129
Cash at bank 239 774
15,896 4,903
CREDITORS
Amounts falling due within one year 6 9,015 12,273
NET CURRENT ASSETS/(LIABILITIES) 6,881 (7,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,433

(6,498

)

CREDITORS
Amounts falling due after more than one
year

7

15,223

15,223
NET LIABILITIES (7,790 ) (21,721 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,792 ) (21,723 )
SHAREHOLDERS' FUNDS (7,790 ) (21,721 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Pivotal Projects Ltd (Registered number: 09121809)

Balance Sheet - continued
30 September 2024


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 24 June 2025 and were signed on its behalf by:





A K Fitzmaurice - Director


Pivotal Projects Ltd (Registered number: 09121809)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Pivotal Projects 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.

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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 ''The Financial Reporting Standard in the UK and Republic of Ireland'' including provisions of Section 1A ''Small Entities'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention and prepared on a going concern basis, management have determined the Covid - 19 pandemic is not expected to have significant impact on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of building project fees received or receivable , excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

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 - 25% on cost and 20% on cost

Financial instruments
Directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Pivotal Projects Ltd (Registered number: 09121809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 872
DEPRECIATION
Charge for year 320
At 30 September 2024 320
NET BOOK VALUE
At 30 September 2024 552
At 30 September 2023 872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 15,657 4,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 3,449 3,449
Trade creditors - 36
Taxation and social security 4,630 1,837
Other creditors 936 6,951
9,015 12,273

Pivotal Projects Ltd (Registered number: 09121809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 15,223 15,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,427 1,427

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors are balances owed to the company from Mr J roberts £4,709 and A fitzmaurice £8,384.
(2023 £4,667 and £1,384 owed to to the directors)