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Registered number: 08574367

Pure Electrics & Pure Energy Ltd

ACCOUNTS
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
Daniel David Turner
Stephen Andrew Hill
REGISTERED OFFICE
Unit 6 Maes Y Clawdd
Maesbury Road Industrial Estate
Oswestry
Shropshire
SY10 8NN
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 Sheet3
Notes To The Accounts4
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 31/07/2023
20232022 As restated
Notes££
FIXED ASSETS
Tangible assets420,79026,804
CURRENT ASSETS
Debtors5198,287233,082
Cash at bank and in hand130,00868,892
328,295301,974
CREDITORS: Amounts falling due within one year6274,150190,811
NET CURRENT ASSETS54,145111,163
TOTAL ASSETS LESS CURRENT LIABILITIES74,935137,967
PROVISIONS FOR LIABILITIES AND CHARGES74,3455,093
NET ASSETS70,590132,874
CAPITAL AND RESERVES
Called up share capital8200200
Profit and loss account70,390132,674
SHAREHOLDERS' FUNDS70,590132,874
For the year ending 31/07/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/12/2023 and signed on their behalf by
.............................
Stephen Andrew Hill
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 40%
1c. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
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
20232022 As restated
No.No.
Average number of employees72

Pure Electrics & Pure Energy Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/08/202254,00054,000
At 31/07/202354,00054,000
Depreciation
At 01/08/202254,00054,000
At 31/07/202354,00054,000
Net Book Amounts
At 31/07/2023--
4. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/08/202244,0575,5762,80352,436
Additions-408557965
At 31/07/202344,0575,9843,36053,401
Depreciation
At 01/08/202220,8303,4081,39425,632
For the year5,8073867866,979
At 31/07/202326,6373,7942,18032,611
Net Book Amounts
At 31/07/202317,4202,1901,18020,790
At 31/07/202223,2272,1681,40926,804
5. DEBTORS 20232022 As restated
££
Amounts falling due within one year
Trade debtors156,126203,845
Other debtors39,68427,105
Prepayments2,4772,132
198,287233,082

Pure Electrics & Pure Energy Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022 As restated
££
UK corporation tax40,90044,274
Directors current account147,21242,867
Trade creditors84,55886,491
Other creditors-15,824
Accruals1,4801,355
274,150190,811
7. PROVISIONS FOR LIABILITIES 20232022 As restated
££
Deferred taxation4,3455,093
4,3455,093
8. SHARE CAPITAL 20232022 As restated
££
Allotted, issued and fully paid:
198 Ordinary shares of £1 each198198
1 Class B shares of £1 each11
1 Class C shares of £1 each11
200200
9. RELATED PARTY TRANSACTIONS
As at the 31 July 2023 the company owed the directors £147,212 (2022:£42,867). No interest has been charged to the company and the balance is repayable on demand.

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.