REGISTERED NUMBER: 11772571 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

PURE NEXUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N J Welham

Mr P A Welham

REGISTERED OFFICE:

Evolution House

Iceni Court

Delft House

Norwich

Norfolk

NR6 6BB

REGISTERED NUMBER:

11772571 (England and Wales)

ACCOUNTANTS:

Farnell Clarke Limited

Evolution House

Delft Way

Norwich Airport

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Tangible assets

4

19,891

428

CURRENT ASSETS

Debtors

5

17,481

35,313

Cash at bank

18,716

32,142

36,197

67,455

CREDITORS

Amounts falling due within one year

6

46,635

59,950

NET CURRENT (LIABILITIES)/ASSETS

(10,438

)

7,505

TOTAL ASSETS LESS CURRENT LIABILITIES

9,453

7,933

CREDITORS

Amounts falling due after more than one year

7

(4,487

)

(6,477

)

PROVISIONS FOR LIABILITIES

(3,779

)

(93

)

NET ASSETS

1,187

1,363

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,087

1,263

1,187

1,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 4 October 2023 and were signed on its behalf by:

Mr P A Welham - Director

1.	STATUTORY INFORMATION

Pure Nexus 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.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on cost and 33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

4,946

Additions

21,295

At 31 March 2023

26,241

DEPRECIATION

At 1 April 2022

4,518

Charge for year

1,832

At 31 March 2023

6,350

NET BOOK VALUE

At 31 March 2023

19,891

At 31 March 2022

428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

17,019

35,102

Prepayments

462

211

17,481

35,313

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

1,991

1,941

Other loans

11,744

-

Trade creditors

3,500

2,058

Corporation tax

437

7,178

Net wages

-

1,594

VAT

1,157

7,017

Other creditors

579

42

Directors' current accounts

11,926

12,144

Accruals and deferred income

15,301

27,976

46,635

59,950

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

1,990

1,990

Bank loans - 2-5 years

2,497

4,487

4,487

6,477

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2022 - £31,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

By way of their equal shareholdings, Mr P Welham and Mrs N Welham share ultimate control of the company between them.