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COMPANY REGISTRATION NUMBER: 11107240
PURE BOULDERING LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
PURE BOULDERING LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 5
PURE BOULDERING LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
862,071
759,991
Current assets
Debtors
6
50,800
20,285
Cash at bank and in hand
120,494
120,861
------------
------------
171,294
141,146
Creditors: amounts falling due within one year
7
( 71,193)
( 32,347)
------------
------------
Net current assets
100,101
108,799
------------
------------
Total assets less current liabilities
962,172
868,790
Creditors: amounts falling due after more than one year
8
( 1,106,685)
( 1,013,178)
------------
------------
Net liabilities
( 144,513)
( 144,388)
------------
------------
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
( 144,514)
( 144,389)
------------
------------
Shareholders deficit
( 144,513)
( 144,388)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 March 2024 , and are signed on behalf of the board by:
R N Whitehead
Director
Company registration number: 11107240
PURE BOULDERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Freeklime, Lincoln Street, Huddersfield, HD1 6RX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
10% straight line
Fixtures and fittings
-
10% to 33%
Motor vehicles
-
25% straight line
Equipment
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 16 (2022: 8 ).
5. Tangible assets
Long leasehold property
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2023
20,679
916,122
13,794
26,522
977,117
Additions
206,574
27,089
233,663
------------
------------
------------
------------
------------
At 31 December 2023
20,679
1,122,696
13,794
53,611
1,210,780
------------
------------
------------
------------
------------
Depreciation
At 1 January 2023
196,329
13,794
7,003
217,126
Charge for the year
1,723
119,952
9,908
131,583
------------
------------
------------
------------
------------
At 31 December 2023
1,723
316,281
13,794
16,911
348,709
------------
------------
------------
------------
------------
Carrying amount
At 31 December 2023
18,956
806,415
36,700
862,071
------------
------------
------------
------------
------------
At 31 December 2022
20,679
719,793
19,519
759,991
------------
------------
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
18,867
9,110
Prepayments and accrued income
31,933
11,175
------------
------------
50,800
20,285
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
14,248
2,188
Accruals and deferred income
29,469
20,903
Social security and other taxes
27,476
9,256
------------
------------
71,193
32,347
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Shares classed as financial liabilities
700,000
700,000
Director loan account
406,685
313,178
------------
------------
1,106,685
1,013,178
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Amounts presented in equity:
Ordinary shares of £ 0.01 each
100
1
100
1
------------
------------
------------
------------
Amounts presented in liabilities:
Preference shares of £ 1 each
700,000
700,000
700,000
700,000
------------
------------
------------
------------
The preference shares carry a fixed cumulative dividend of 1% pa and can be redeemed on 30 days' notice from either the holder or the company. On a winding up of the company their paid up capital is repayable in preference to the ordinary shares.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
101,000
101,000
Later than 1 year and not later than 5 years
665,167
766,167
------------
------------
766,167
867,167
------------
------------
11. Related party transactions
The directors' loan account of £406,685 (2022: £313,178) is secured on the assets of the company, repayable on demand and currently interest free. The company is controlled by C G Whitehead.
12. Going concern
The directors have confirmed they will provide adequate working capital to enable the company to continue trading for at least a further twelve months from the date of approval of these accounts. Consequently the accounts have been prepared on the going concern basis.