Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12845852 Dr. Timothy Goode iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12845852 2022-08-31 12845852 2023-08-31 12845852 2022-09-01 2023-08-31 12845852 frs-core:CurrentFinancialInstruments 2023-08-31 12845852 frs-core:Non-currentFinancialInstruments 2023-08-31 12845852 frs-core:ShareCapital 2023-08-31 12845852 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12845852 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12845852 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12845852 frs-bus:SmallEntities 2022-09-01 2023-08-31 12845852 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12845852 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12845852 frs-bus:Director1 2022-09-01 2023-08-31 12845852 frs-countries:EnglandWales 2022-09-01 2023-08-31 12845852 2021-08-31 12845852 2022-08-31 12845852 2021-09-01 2022-08-31 12845852 frs-core:CurrentFinancialInstruments 2022-08-31 12845852 frs-core:Non-currentFinancialInstruments 2022-08-31 12845852 frs-core:ShareCapital 2022-08-31 12845852 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12845852
Pure Gems Ltd
Financial Statements
For The Year Ended 31 August 2023
Know Tax Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12845852
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 82,850 79,500
Debtors 5 230 55
Cash at bank and in hand 131 -
83,211 79,555
Creditors: Amounts Falling Due Within One Year 6 (13,616 ) (8,047 )
NET CURRENT ASSETS (LIABILITIES) 69,595 71,508
TOTAL ASSETS LESS CURRENT LIABILITIES 69,595 71,508
Creditors: Amounts Falling Due After More Than One Year 7 (75,000 ) (75,000 )
NET LIABILITIES (5,405 ) (3,492 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (5,406 ) (3,493 )
SHAREHOLDERS' FUNDS (5,405) (3,492)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr. Timothy Goode
Director
27/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pure Gems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12845852 . The registered office is Suite 106 Denning House C/O Know Tax, George Street, Wolverhampton, WV2 4DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Stocks
2023 2022
£ £
Finished goods 82,850 79,500
5. Debtors
2023 2022
£ £
Due within one year
VAT 230 55
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) 1
Bank loans and overdrafts 111 21
Accruals and deferred income 3,000 1,200
Director's loan account 10,326 6,645
Amounts owed to other participating interests 180 180
13,616 8,047
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 75,000 75,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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