Registered number
10428395
PURE ACCOUNTING LIMITED
Filleted Accounts
30 November 2023
PURE ACCOUNTING LIMITED
Registered number: 10428395
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 40,638 45,153
40,638 45,153
Current assets
Stocks 10,250 2,813
Cash at bank and in hand 27,291 33,092
37,541 35,905
Creditors: amounts falling due within one year 4 (53,652) (47,169)
Net current liabilities (16,111) (11,264)
Total assets less current liabilities 24,527 33,889
Creditors: amounts falling due after more than one year 5 (23,249) (32,249)
Net assets 1,278 1,640
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve - -
Profit and loss account 1,178 1,540
Shareholder's funds 1,278 1,640
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Sinan Yilmaz
Director
Approved by the board on 31 July 2024
PURE ACCOUNTING LIMITED
Notes to the Accounts
for the year ended 30 November 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 - 25,815 35,990 61,805
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2023 - 25,815 35,990 61,805
Depreciation
At 1 December 2022 - 9,814 6,838 16,652
Charge for the year - 1,600 2,915 4,515
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2023 - 11,414 9,753 21,167
Net book value
At 30 November 2023 - 14,401 26,237 40,638
At 30 November 2022 - 16,001 29,152 45,153
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,809 7,069
Trade creditors 1,000 500
Taxation and social security costs 16,095 14,227
Director's Accounts 29,748 25,373
53,652 47,169
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,249 32,249
23,249 32,249
6 Controlling party
Sinan Yilmaz
7 Other information
PURE ACCOUNTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
355 High Road
Wood Green
London
United Kingdom
N22 8JA
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