Registered number
10745324
Puremind Advising Services Limited
Filleted Accounts
30 June 2023
Puremind Advising Services Limited
Registered number: 10745324
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 299 365
Current assets
Debtors 4 - 922
Cash at bank and in hand 2,587 13,675
2,587 14,597
Creditors: amounts falling due within one year 5 11,637 1,981
Net current assets 14,224 16,578
Total assets less current liabilities 14,523 16,943
Creditors: amounts falling due after more than one year 6 (14,482) (16,741)
Net assets 41 202
Capital and reserves
Called up share capital 1 1
Profit and loss account 40 201
Shareholders' funds 41 202
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yunus Doruktan Turker
Director
Approved by the board on 12 January 2024
Puremind Advising Services Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 679
At 30 June 2023 679
Depreciation
At 1 July 2022 314
Charge for the year 66
At 30 June 2023 380
Net book value
At 30 June 2023 299
At 30 June 2022 365
4 Debtors 2023 2022
£ £
Trade debtors - 764
Other debtors - 158
- 922
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 615 909
Taxation and social security costs 5,425 4,196
Other creditors (17,677) (7,086)
(11,637) (1,981)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,482 16,741
7 Controlling party
The company is under the control of its own director & shareholder.
8 Other information
Puremind Advising Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Edgecot Grove
London
N15 5HD
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