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REGISTERED NUMBER: 07523666 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Pivotal Energy Limited

Pivotal Energy Limited (Registered number: 07523666)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pivotal Energy Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: C J Coverson





SECRETARY: Mrs A E Norton





REGISTERED OFFICE: First Floor Florence House
St. Marys Road
Hinckley
Leicestershire
LE10 1EQ





REGISTERED NUMBER: 07523666 (England and Wales)





ACCOUNTANTS: MulliganWilliams
Unit 7, Salisbury House
Wheatfield Way
Hinckley
LEICESTER
LE10 1YG

Pivotal Energy Limited (Registered number: 07523666)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,823 45,723

CURRENT ASSETS
Stocks 35,133 9,454
Debtors 5 1,489,487 1,928,419
Cash at bank and in hand 113,875 180,793
1,638,495 2,118,666
CREDITORS
Amounts falling due within one year 6 1,505,046 1,967,809
NET CURRENT ASSETS 133,449 150,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,272

196,580

CREDITORS
Amounts falling due after more than one
year

7

136,379

213,854
NET ASSETS/(LIABILITIES) 31,893 (17,274 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 21,893 (27,274 )
31,893 (17,274 )

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

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

Pivotal Energy Limited (Registered number: 07523666)

Balance Sheet - continued
30 November 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 director and authorised for issue on 12 August 2025 and were signed by:





C J Coverson - Director


Pivotal Energy Limited (Registered number: 07523666)

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

1. STATUTORY INFORMATION

Pivotal Energy 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.
Short leasehold - Over 7 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
IT System - 40% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pivotal Energy Limited (Registered number: 07523666)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings IT System Totals
£    £    £    £    £   
COST
At 1 December 2023 10,196 21,951 45,053 36,270 113,470
Additions - - 763 - 763
At 30 November 2024 10,196 21,951 45,816 36,270 114,233
DEPRECIATION
At 1 December 2023 2,428 13,503 19,072 32,744 67,747
Charge for year 1,456 2,112 6,685 1,410 11,663
At 30 November 2024 3,884 15,615 25,757 34,154 79,410
NET BOOK VALUE
At 30 November 2024 6,312 6,336 20,059 2,116 34,823
At 30 November 2023 7,768 8,448 25,981 3,526 45,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 1,452,635 1,917,008
Other debtors 36,852 11,411
1,489,487 1,928,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 92,906 64,622
Trade creditors 1,400,564 1,828,799
Taxation and social security 9,376 3,461
Other creditors 2,200 70,927
1,505,046 1,967,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 136,379 213,854