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REGISTERED NUMBER: 06847743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Pivotal-D Ltd

Pivotal-D Ltd (Registered number: 06847743)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pivotal-D Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C Cheung





REGISTERED OFFICE: 21 Beech Avenue
Willerby
Hull
East Yorkshire
HU10 6AA





REGISTERED NUMBER: 06847743 (England and Wales)

Pivotal-D Ltd (Registered number: 06847743)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,024 15,942
Investment property 5 812,752 807,959
826,776 823,901

CURRENT ASSETS
Stocks 6 21,635 -
Debtors 7 24,127 37,660
Cash at bank 907 14,800
46,669 52,460
CREDITORS
Amounts falling due within one year 8 444,088 271,067
NET CURRENT LIABILITIES (397,419 ) (218,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,357

605,294

CREDITORS
Amounts falling due after more than one year 9 416,515 597,329
NET ASSETS 12,842 7,965

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 11 187,234 187,234
Retained earnings (174,394 ) (179,271 )
SHAREHOLDERS' FUNDS 12,842 7,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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-D Ltd (Registered number: 06847743)

Balance Sheet - continued
31 August 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





C Cheung - Director


Pivotal-D Ltd (Registered number: 06847743)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Pivotal-D 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue recognition
Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date. The value is included in debtors as Amounts Recoverable on Contracts.

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
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transfered to a revaluation reserve.

In accordance with Statement of Standard Accounting practice No. 19, no depreciation is provided in respect of investment properties.This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are not held for consumption but for investment and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the accounts giving a true and fair view.

Pivotal-D Ltd (Registered number: 06847743)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Stock
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which its related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expenses in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Long term contract costs
Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion. This is measured by the proportion that contract costs incurred to date bear to the estimated total contract costs.

Where the amount of recorded turnover is in excess of payments on account the difference is shown as amounts recoverable on contracts included within debtors.

Payments on account in excess of turnover and long term contract costs are included within creditors as payments on account.

Long term contract costs net of amounts charged to cost of sales, foreseeable losses and payments on account (not matched to turnover) are included under stock described as work in progress.

Where the outcome of a long term contract cannot be estimated reliably contract revenue is recognised to the extent that it is probable that contract costs will be recovered. Contract costs are recognised as expenses in the period in which they are incurred.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pivotal-D Ltd (Registered number: 06847743)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 58,630 4,090 15,350 12,145 90,215
Additions 3,508 - - 483 3,991
At 31 August 2024 62,138 4,090 15,350 12,628 94,206
DEPRECIATION
At 1 September 2023 47,258 3,035 13,372 10,608 74,273
Charge for year 3,468 425 494 1,522 5,909
At 31 August 2024 50,726 3,460 13,866 12,130 80,182
NET BOOK VALUE
At 31 August 2024 11,412 630 1,484 498 14,024
At 31 August 2023 11,372 1,055 1,978 1,537 15,942

Freehold property has not been depreciated, this is a departure from FRS102.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 807,959
Additions 4,793
At 31 August 2024 812,752
NET BOOK VALUE
At 31 August 2024 812,752
At 31 August 2023 807,959

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2021 69,669
Cost 743,083
812,752

Pivotal-D Ltd (Registered number: 06847743)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

If the property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 180,331 180,331

The investment property was valued on an open market basis on 31 August 2021 by Matthew Tomlinson, a shareholder .

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 21,635 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 847 -
Other debtors 23,280 37,660
24,127 37,660

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,800 10,800
Trade creditors 415 2,564
Taxation and social security 9,899 31,638
Other creditors 422,974 226,065
444,088 271,067

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 14,514 19,200
Other creditors 402,001 578,129
416,515 597,329

Pivotal-D Ltd (Registered number: 06847743)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Other loans 225,746 34,500
Other loans - due 1-5 years - 578,129
225,746 612,629

Personal guarantees have been made by the director and shareholders against the loans from Chamber Acorn Fund (Humber) Ltd. The loans are secured against the property owned by the company.

11. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 187,234

12. RELATED PARTY DISCLOSURES

During the year the company had the following transactions with related parties:

31.8.24 31.8.23
£ £
Services from related parties 11,055 28,020
Loans made to related parties Nil Nil
Balances owed to related parties 1,350 Nil
Balances owed from related parties 22,544 18,280

The related parties are Companies under the same common control.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.