COMPANY REGISTRATION NUMBER
05984612
PIVOTAL POST LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 December 2015
MALDE & CO
Chartered Certified Accountants
99 Kenton Road
Kenton Harrow
Middlesex
HA3 0AN
PIVOTAL POST LIMITED
ABBREVIATED BALANCE SHEET
31 December 2015
|
2015
|
2014
|
Note
|
£
|
£
|
£
|
FIXED ASSETS
|
2
|
|
|
|
Tangible assets
|
|
153,286
|
259,861
|
|
|
----------
|
----------
|
|
|
|
|
|
CURRENT ASSETS
Debtors
|
47,539
|
|
99,333
|
Cash at bank and in hand
|
74,902
|
|
73,019
|
|
----------
|
|
----------
|
|
122,441
|
|
172,352
|
CREDITORS: Amounts falling due within one year
|
24,067
|
|
83,031
|
|
----------
|
|
----------
|
NET CURRENT ASSETS
|
|
98,374
|
89,321
|
|
|
----------
|
----------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
251,660
|
349,182
|
|
|
|
|
PROVISIONS FOR LIABILITIES
|
|
22,615
|
42,165
|
|
|
----------
|
----------
|
|
|
229,045
|
307,017
|
|
|
----------
|
----------
|
|
|
|
|
CAPITAL AND RESERVES
Called up equity share capital
|
3
|
|
1
|
1
|
Profit and loss account
|
|
229,044
|
307,016
|
|
|
----------
|
----------
|
SHAREHOLDER'S FUNDS
|
|
229,045
|
307,017
|
|
|
----------
|
----------
|
|
|
|
|
|
For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on
11 March 2016
.
K. Hyman
Company Registration Number:
05984612
PIVOTAL POST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 DECEMBER 2015
1.
ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment-33% per annum on a straight-line basis.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.
FIXED ASSETS
COST
At 1 January 2015
|
525,154
|
Additions
|
36,869
|
|
----------
|
At 31 December 2015
|
562,023
|
|
----------
|
|
|
DEPRECIATION
At 1 January 2015
|
265,293
|
Charge for year
|
143,444
|
|
----------
|
At 31 December 2015
|
408,737
|
|
----------
|
|
|
NET BOOK VALUE
At 31 December 2015
|
153,286
|
|
----------
|
|
|
At 31 December 2014
|
259,861
|
|
----------
|
|
|
3.
SHARE CAPITAL
Allotted, called up and fully paid:
|
2015
|
2014
|
|
No
|
£
|
No
|
£
|
|
Ordinary shares of £ 1 each
|
1
|
1
|
1
|
1
|
|
|
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|
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|
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|
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|
|
|
|
|
|
|
4.
ULTIMATE PARENT COMPANY
The ultimate holding company is
Rainbow Production Services LLC
, a company incorporated in the United States of America.
PIVOTAL POST LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF
PIVOTAL POST LIMITED
YEAR ENDED 31 DECEMBER 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Pivotal Post Limited for the year ended 31 December 2015 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of Association of Chartered Certified Accountants as detailed at www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.
MALDE & CO
Chartered Certified Accountants
99 Kenton Road
Kenton Harrow
Middlesex
HA3 0AN
11 March 2016