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REGISTERED NUMBER: 10625324 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2021 to 30 September 2021

for

WE LOVE PURELY LIMITED

WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)






Contents of the Financial Statements
for the Period 1 January 2021 to 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE LOVE PURELY LIMITED

Company Information
for the Period 1 January 2021 to 30 September 2021







DIRECTORS: R D Hewitt
S P Livingston
F Livingston
M M O'Sullivan
S Pellegrino





REGISTERED OFFICE: C/O Brayne Williams & Barnard Limited
Rosemount House
Rosemount Avenue
West Byfleet
Surrey
KT14 6LB





BUSINESS ADDRESS: Unit 16 Brunel Court
Quedgeley
Gloucestershire
GL2 2AL





REGISTERED NUMBER: 10625324 (England and Wales)






WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Balance Sheet
30 September 2021

30.9.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,936 1,154

CURRENT ASSETS
Stocks 91,775 66,612
Debtors 6 125,962 30,595
Cash at bank 2,129 7,616
219,866 104,823
CREDITORS
Amounts falling due within one year 7 305,192 214,097
NET CURRENT LIABILITIES (85,326 ) (109,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,390

)

(108,120

)

CREDITORS
Amounts falling due after more than one
year

8

12,112

14,352
NET LIABILITIES (90,502 ) (122,472 )

CAPITAL AND RESERVES
Called up share capital 9 162,374 94,900
Share premium 42,486 21,733
Retained earnings (295,362 ) (239,105 )
SHAREHOLDERS' FUNDS (90,502 ) (122,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 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.

WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Balance Sheet - continued
30 September 2021


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 8 July 2022 and were signed on its behalf by:





R D Hewitt - Director


WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Notes to the Financial Statements
for the Period 1 January 2021 to 30 September 2021

1. STATUTORY INFORMATION

We Love Purely 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The prior period covered 12 months, therefore the comparatives are not directly comparable.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments
Debt instruments, other than those wholly repayable within one year, are initially measured at transaction price including transaction costs and subsequently at amortised cost using the effective interest rate method.


WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Notes to the Financial Statements - continued
for the Period 1 January 2021 to 30 September 2021

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 material 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 period 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.

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 transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The company has made a loss and has net current liabilities. The company is expected to trade profitably
going forward as a result of streamlining of operations within the group to reduce costs and sales growth. With the financial support of its parent undertaking, the directors are satisfied that liabilities can be met as they fall due. Accordingly, the accounts have been prepared on a going concern basis.

4. EMPLOYEES

The average number of employees during the period was 2 (2020 - 1 ) .

WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Notes to the Financial Statements - continued
for the Period 1 January 2021 to 30 September 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 3,220 331 1,019 4,570
Additions 5,813 - 626 6,439
Disposals (1,701 ) - (1,019 ) (2,720 )
At 30 September 2021 7,332 331 626 8,289
DEPRECIATION
At 1 January 2021 2,972 48 396 3,416
Charge for period 999 156 62 1,217
Eliminated on disposal (2,767 ) (117 ) (396 ) (3,280 )
At 30 September 2021 1,204 87 62 1,353
NET BOOK VALUE
At 30 September 2021 6,128 244 564 6,936
At 31 December 2020 248 283 623 1,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 31.12.20
£    £   
Trade debtors 47,441 26,809
Other debtors 78,521 3,786
125,962 30,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 31.12.20
£    £   
Bank loans and overdrafts 4,235 10,297
Trade creditors 50,568 42,662
Amounts owed to group undertakings 246,504 -
Taxation and social security 2,883 5,145
Other creditors 1,002 155,993
305,192 214,097

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.21 31.12.20
£    £   
Bank loans 12,112 14,352

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,354

WE LOVE PURELY LIMITED (REGISTERED NUMBER: 10625324)

Notes to the Financial Statements - continued
for the Period 1 January 2021 to 30 September 2021

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.21 31.12.20
value: £    £   
162,374 Ordinary £1 162,374 94,900

67,474 Ordinary shares of £1 each were allotted as fully paid at a premium of £22,266 per share during the year.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year further advances totalling £7,539 were loaned to a director. At the balance sheet date
£7,954 was owed to the company by a director. The loan to the director is interest free and repayable on demand.