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REGISTERED NUMBER: 07343001 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PURE MOTORSPORT UK LIMITED

PURE MOTORSPORT UK LIMITED (REGISTERED NUMBER: 07343001)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PURE MOTORSPORT UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: N Benton
Mrs R A Benton





REGISTERED OFFICE: Rear of 9 Catalina Row
St Eval
Wadebridge
Cornwall
PL27 7TJ





REGISTERED NUMBER: 07343001 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

PURE MOTORSPORT UK LIMITED (REGISTERED NUMBER: 07343001)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 33,605

CURRENT ASSETS
Stocks 225,000 225,000
Debtors 5 15,434 22,495
Cash at bank 56,970 64,976
297,404 312,471
CREDITORS
Amounts falling due within one year 6 126,290 176,271
NET CURRENT ASSETS 171,114 136,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,114

169,805

PROVISIONS FOR LIABILITIES - 6,385
NET ASSETS 171,114 163,420

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 171,113 163,419
SHAREHOLDERS' FUNDS 171,114 163,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

PURE MOTORSPORT UK LIMITED (REGISTERED NUMBER: 07343001)

BALANCE SHEET - continued
31 OCTOBER 2023


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 28 December 2023 and were signed on its behalf by:




N Benton - Director



Mrs R A Benton - Director


PURE MOTORSPORT UK LIMITED (REGISTERED NUMBER: 07343001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Pure Motorsport UK 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PURE MOTORSPORT UK LIMITED (REGISTERED NUMBER: 07343001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022 63,193
Additions 1,754
Disposals (64,947 )
At 31 October 2023 -
DEPRECIATION
At 1 November 2022 29,588
Eliminated on disposal (29,588 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 33,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 5,342 16,626
Other debtors 6,387 2,317
Prepayments and accrued income 3,705 3,552
15,434 22,495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 20,170 26,993
Tax 19,926 14,557
Other creditors 2,000 -
Directors' current accounts 83,031 133,473
Accrued expenses 1,163 1,248
126,290 176,271

7. RELATED PARTY DISCLOSURES

The company is controlled by its director, by virtue of the fact that he owns 100% of the company's ordinary issued share capital.