Registered number: 08574367 | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
Prepared By: | ||||||||
Mike Griffiths & Partners Ltd | ||||||||
Accountants & Registered Auditors | ||||||||
Yew Tree Inn | ||||||||
High Street | ||||||||
Gresford | ||||||||
Wrexham | ||||||||
LL12 8RF |
Pure Electrics & Pure Energy Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Shropshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08574367 | ||||||||
ACCOUNTANTS | ||||||||
Mike Griffiths & Partners Ltd | ||||||||
Accountants & Registered Auditors | ||||||||
Yew Tree Inn | ||||||||
High Street | ||||||||
Gresford | ||||||||
Wrexham | ||||||||
LL12 8RF |
Pure Electrics & Pure Energy Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Pure Electrics & Pure Energy Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 As restated | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
328,295 | 301,974 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 111,163 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 70,390 | 132,674 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Daniel David Turner | ||||||||||
Director | ||||||||||
Pure Electrics & Pure Energy Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest pound. These financial statements are for the individual entity only. |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 40% |
1c. Goodwill | ||||||||
1d. Revenue Recognition | ||||||||
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. |
2. EMPLOYEES | ||||||
2023 | 2022 As restated | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Pure Electrics & Pure Energy Ltd | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2022 | 54,000 | 54,000 | ||
At 31/07/2023 | 54,000 | 54,000 | ||
Depreciation | ||||
At 01/08/2022 | 54,000 | 54,000 | ||
At 31/07/2023 | 54,000 | 54,000 | ||
Net Book Amounts | ||||
At 31/07/2023 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||
Commercial | Fixtures | |||||||
Vehicles | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/08/2022 | 44,057 | 5,576 | 2,803 | 52,436 | ||||
Additions | - | 408 | 557 | 965 | ||||
At 31/07/2023 | 44,057 | 5,984 | 3,360 | 53,401 | ||||
Depreciation | ||||||||
At 01/08/2022 | 20,830 | 3,408 | 1,394 | 25,632 | ||||
For the year | 5,807 | 386 | 786 | 6,979 | ||||
At 31/07/2023 | 26,637 | 3,794 | 2,180 | 32,611 | ||||
Net Book Amounts | ||||||||
At 31/07/2023 | 20,790 | |||||||
At 31/07/2022 | 26,804 | |||||||
5. DEBTORS | 2023 | 2022 As restated | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 156,126 | 203,845 | ||||||
Other debtors | 39,684 | 27,105 | ||||||
Prepayments | 2,477 | 2,132 | ||||||
198,287 | 233,082 | |||||||
Pure Electrics & Pure Energy Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 As restated | |||||||
£ | £ | |||||||
UK corporation tax | 40,900 | 44,274 | ||||||
Directors current account | 147,212 | 42,867 | ||||||
Trade creditors | 84,558 | 86,491 | ||||||
Other creditors | - | 15,824 | ||||||
Accruals | 1,480 | 1,355 | ||||||
274,150 | 190,811 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 As restated | ||||||
£ | £ | |||||||
Deferred taxation | 4,345 | 5,093 | ||||||
4,345 | 5,093 | |||||||
8. SHARE CAPITAL | 2023 | 2022 As restated | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
198 | 198 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
200 | 200 | |||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
Pure Electrics & Pure Energy Ltd | ||||||||
10. TRANSITION TO FRS 102 (1A) | ||||||||
This is the first time that the financial statements have been prepared under the accounting standard FRS 102 (1a). The Prior year's financial statements were prepared under the accounting standard FRS105. The transition to FRS 102 (1a) on the 1 August 2021 has resulted in an adjustment for the sum of £5,093 in respect of the deferred tax charge. Deferred tax was not permitted under FRS 105. This adjustment has reduced the retained profits for future distribution by £5,093 and increased provision for liabilities by £5,093. The comparatives for the year ended 31st July 2022 in the financial statements have been restated for these adjustments. | ||||||||