rpt said:
Why does t=0 is excluded in the cosmological coordinate system?
Is it because it results a singularity in mathematical formulation of the problem?
Or because it converges to the situation where space cease to exist? (which is unphysical and therefore excluded).
The idea behind the FLRW solutions is to look for solutions that describe spacetime as a one-parameter family of spacelike hypersurfaces, each of which is homogeneous and isotropic (in a specific mathematical sense). There are three classes of such solutions: positive curvature, zero curvature, and negative curvature. Each solution in the positive curvature class describes spacetime as a one-parameter family of 3-spheres with radii that depend on the parameter that labels the 3-spheres. It's convenient to define the parameter so that the parameter difference between two arbitrary 3-spheres, let's call them Alice and Bob, is the proper time of a timelike geodesic that starts on Alice, ends on Bob, and is orthogonal to all the 3-spheres it passes through.
The requirement that this spacetime must satsify Einstein's equation tells us how the radius depends on the value of the parameter. One of the things we see is that the radius goes to zero as the parameter approaches some value from above. It's convenient to choose that value to be 0.
The "cosmological" coordinate system is defined by taking the time coordinate equal to the parameter. The spatial coordinates are chosen so that they're the same at all points that are intersected by a single timelike geodesic that's orthogonal to all the 3-spheres it passes through. (This really means that the tangent vector of the curve is orthogonal to the tangent space of the 3-sphere at the point of intersection).
These choices ensure that all the 3-spheres are labeled by a parameter value t>0. Each 3-sphere can be thought of as "space, at time t". We know that there can't be a 3-sphere in this family with parameter value 0, because its radius would have to be 0, which would make it a point, not a 3-sphere.
Even if we would add an additional point to spacetime just to be able to say that there's a t=0 in the theory, no coordinate system could cover a region that contains that point, so our spacetime wouldn't be a manifold.
rpt said:
Can a singularity in mathematics could mean something unphysical in nature?
Stuff in nature is physical by definition, isn't it?

What this type of singularity means is that, according to the theory, if you specify a distance in meters, say L=10
-100, I can specify a time at which all the galaxies in the currently observable universe were contained in a region of volume L
3. There's no reason to think that the theory is able to describe such extreme circumstances accurately. There are in fact good reasons to think it can't.