REGISTERED NUMBER: 12857920 (England and Wales)

PVTL Digital Ltd

Unaudited Financial Statements

For The Year Ended

30th September 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

T W Pollack

Mrs H Dunham

SECRETARY:

Mrs J E Pollack

REGISTERED OFFICE:

Studio 4

Pivotal House

Orford Yard

Norwich

Norfolk

NR1 3TB

REGISTERED NUMBER:

12857920 (England and Wales)

ACCOUNTANTS:

TC Group

Accountants

Yare House

62-64 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Tangible assets

4

16,787

22,740

CURRENT ASSETS

Stocks

19,635

-

Debtors

5

258,331

315,505

Cash at bank

218,769

221,870

496,735

537,375

CREDITORS

Amounts falling due within one year

6

124,369

189,441

NET CURRENT ASSETS

372,366

347,934

TOTAL ASSETS LESS CURRENT LIABILITIES

389,153

370,674

PROVISIONS FOR LIABILITIES

4,197

4,775

NET ASSETS

384,956

365,899

CAPITAL AND RESERVES

Called up share capital

2,500

2,500

Retained earnings

382,456

363,399

384,956

365,899

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

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

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 29th September 2025 and were signed on its behalf by:

T W Pollack - Director

1.	STATUTORY INFORMATION

PVTL Digital 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.

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 20 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st October 2023

3,777

5,466

41,611

50,854

Additions

889

-

10,765

11,654

At 30th September 2024

4,666

5,466

52,376

62,508

DEPRECIATION

At 1st October 2023

1,593

1,687

24,834

28,114

Charge for year

694

945

15,968

17,607

At 30th September 2024

2,287

2,632

40,802

45,721

NET BOOK VALUE

At 30th September 2024

2,379

2,834

11,574

16,787

At 30th September 2023

2,184

3,779

16,777

22,740

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

129,957

163,666

Amounts owed by associates

95,802

67,985

Other debtors

32,572

83,854

258,331

315,505

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

19,584

17,144

Taxation and social security

98,922

165,406

Other creditors

5,863

6,891

124,369

189,441

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024

2023

£

£

T W Pollack

Balance outstanding at start of year

75,361

1,519

Amounts advanced

45,358

74,198

Amounts repaid

(93,800

)

(356

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,919

75,361

8.	RELATED PARTY DISCLOSURES

Included in debtors is £15,309 (2023: £67,859) repayable by a company in which the director has a majority shareholding.

In the year, total rent of £48,200 (2023: £44,000) was paid to a company in which the director has a majority shareholding.

At the year end, the company was owed £26,919 (2023: £73,561) by a director. There is no interest or repayment terms on this balance.

Included in the year was a management charge of £nil (2023 £24,409), relating to a company which a director has a majority shareholding.