1 January 2022 false No description of principal activity Taxfiler 2023.9 SC615410business:PrivateLimitedCompanyLtd2022-01-012022-12-31 SC6154102021-12-31 SC6154102022-01-012022-12-31 SC615410business:AuditExemptWithAccountantsReport2022-01-012022-12-31 SC615410business:FilletedAccounts2022-01-012022-12-31 SC6154102022-12-31 SC615410business:Director12022-01-012022-12-31 SC615410business:Director22022-01-012022-12-31 SC615410business:RegisteredOffice2022-01-012022-12-31 SC6154102021-12-31 SC615410core:WithinOneYear2022-12-31 SC615410core:WithinOneYear2021-12-31 SC615410core:AfterOneYear2022-12-31 SC615410core:AfterOneYear2021-12-31 SC615410core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC615410core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 SC615410core:SharePremiumcore:PreviouslyStatedAmount2022-12-31 SC615410core:SharePremiumcore:PreviouslyStatedAmount2021-12-31 SC615410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC615410core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 SC615410core:PreviouslyStatedAmount2022-12-31 SC615410core:PreviouslyStatedAmount2021-12-31 SC615410business:SmallEntities2022-01-012022-12-31 SC615410countries:Scotland2022-01-012022-12-31 SC615410core:PlantMachinery2022-01-012022-12-31 SC615410core:FurnitureFittings2022-01-012022-12-31 SC615410core:ComputerEquipment2022-01-012022-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2021-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31 SC615410core:IntangibleAssetsOtherThanGoodwill2022-12-31 SC615410core:PlantMachinery2021-12-31 SC615410core:FurnitureFittings2021-12-31 SC615410core:ComputerEquipment2021-12-31 SC615410core:PlantMachinery2022-12-31 SC615410core:FurnitureFittings2022-12-31 SC615410core:ComputerEquipment2022-12-31 SC615410core:BetweenOneFiveYears2022-12-31 SC615410core:BetweenOneFiveYears2021-12-31 SC6154102021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC615410 (Scotland)
Pure Sport Oil Limited Unaudited accounts for the year ended 31 December 2022
Pure Sport Oil Limited Unaudited accounts Contents
Page
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Pure Sport Oil Limited Company Information for the year ended 31 December 2022
Directors
G Hart D Temm
Company Number
SC615410 (Scotland)
Registered Office
18 Mosshead Road Bearsden Glasgow G61 3HN
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Pure Sport Oil Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,524 
- 
Tangible assets
30,546 
21,944 
40,070 
21,944 
Current assets
Inventories
107,072 
44,498 
Debtors
220,573 
100,915 
Cash at bank and in hand
414,093 
350,141 
741,738 
495,554 
Creditors: amounts falling due within one year
(384,264)
(472,307)
Net current assets
357,474 
23,247 
Total assets less current liabilities
397,544 
45,191 
Creditors: amounts falling due after more than one year
(19,117)
(21,669)
Net assets
378,427 
23,522 
Capital and reserves
Called up share capital
13,359 
11,847 
Share premium
1,799,148 
308,127 
Profit and loss account
(1,434,080)
(296,452)
Shareholders' funds
378,427 
23,522 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by
D Temm Director Company Registration No. SC615410
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Pure Sport Oil Limited is a private company, limited by shares, registered in Scotland, registration number SC615410. The registered office is 18 Mosshead Road, Bearsden, Glasgow, G61 3HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Inventories
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Intangible fixed assets
Purchased domain names are included at cost less accumulated amortisation.
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
- 
Additions
9,556 
At 31 December 2022
9,556 
Amortisation
At 1 January 2022
- 
Charge for the year
32 
At 31 December 2022
32 
Net book value
At 31 December 2022
9,524 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
7,449 
10,607 
6,513 
24,569 
Additions
- 
17,159 
303 
17,462 
At 31 December 2022
7,449 
27,766 
6,816 
42,031 
Depreciation
At 1 January 2022
1,560 
177 
888 
2,625 
Charge for the year
2,483 
5,044 
1,333 
8,860 
At 31 December 2022
4,043 
5,221 
2,221 
11,485 
Net book value
At 31 December 2022
3,406 
22,545 
4,595 
30,546 
At 31 December 2021
5,889 
10,430 
5,625 
21,944 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
29,256 
66,700 
Accrued income and prepayments
34,457 
34,215 
Other debtors
156,860 
- 
220,573 
100,915 
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Pure Sport Oil Limited Notes to the Accounts for the year ended 31 December 2022
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
33,720 
3,700 
VAT
3,252 
45,185 
Trade creditors
254,504 
16,309 
Taxes and social security
27,921 
33,443 
Other creditors
33,537 
202,033 
Loans from directors
735 
50,259 
Accruals
28,570 
108,901 
Deferred income
2,025 
12,477 
384,264 
472,307 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
19,117 
21,669 
9
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 December 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
103,334 
60,278 
Later than one year and not later than five years
212,732 
316,066 
316,066 
376,344 
10
Average number of employees
During the year the average number of employees was 9 (2021: 9).
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